2010 AP Macroeconomics宏观经济真题系列之选择题免费下载

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2010 AP Macroeconomics Multiple Choice Questions Free Download

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3）Using equal amounts of labor hours, Country X and Country Y can each produce the number of watches and radios shown in the production possibilities curves above. Based on the information, which of the following is true?

1. Country X has an absolute advantage in the production of both watches and radios and a comparative advantage in the production of watches
2. Country Y has an absolute advantage in the production of both watches and radios and a comparative advantage in the production of radios
3. Countries X and Y can engage in a mutually advantageous trade by exchanging 1 watch for 1 radio
4. Country Y is willing to give up 2 watches in exchange for a radio from Country X
5. Country X is willing to give up 2 radios in exchange for a watch from Country Y

11）The annual inflation rate is expected to be 5 percent over the next 3 years. Juan plans to take out a 3-year loan to purchase an automobile. If Juan decides not to take out the lowan if the real interest rate exceeds 3 percent, the highest nominal interest rate he is willing to pay is

1. 2 percent
2. 3 percent
3. 8 percent
4. 15 percent
5. 25 percent

14）Assume that the inflation rate in Country X is very high relative to the inflation rates in all of its trading partners. Which of the following is likely to happen to Country X's currency on the foreign exchange market?

1. The demand curve for the currency will shift to the right, and the currency will appreciate
2. The demand curve for the currency will shift to the left, and the currency will depreciate
3. The supply curve for the currency will shift to the left, and the currency will appreciate
4. The supply curve for the currency will shift to the left, and the currency will depreciate
5. There will be no shift in the demand curve for the currency, but the currency will depreciate

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