ACCA考试F1基础测试题及答案

　　Question：Consider the price and demand for tickets to travel by sea ferry. The price of travelling by hovercraft (a substitute form of travel) goes up.

　　Which ONE of the following would you expect to happen?

　　A. The demand curve for sea ferry tickets will shift to the right, and their price will go up. More ferry tickets will be sold.

　　B. The demand curve for sea ferry tickets will shift to the right and their price will go down. More sea ferry tickets will be sold.

　　C. The demand curve for sea ferry tickets will shift to the right and their price will go up. Fewer sea ferry tickets will be sold.

　　D. The demand curve for sea ferry tickets will shift to the left, and their price will go down. More sea ferry tickets will be sold.

　　The correct answer is: A

　　As sea ferry tickets and hovercraft tickets are substitute goods, an increase in the price of hovercraft tickets will cause a shift to the right (increase in demand) for sea ferry tickets. Given no change in supply conditions, the consequence will be an increase in the number of sea ferry tickets sold, at a higher price than before.

　　Question：Which ONE of the following is an example of cyclical unemployment?

　　A. Lay-offs among agricultural labourers in winter

　　B. Automation of ticketing services in tourism

　　C. Recession in the building industry

　　D. The entry of school leavers into the labour pool each year

　　The correct answer is: C

　　Rationale: Recession is part of the business cycle: demand for output and jobs falls, and unemployment rises until recovery is well under way. 'The entry of school leavers into the labour pool each year' is an example of frictional unemployment; 'Lay-offs among agricultural labourers in winter' of seasonal unemployment; 'Automation of ticketing services in tourism' of technological unemployment.

　　Pitfalls: It is easy to confuse cyclical with seasonal unemployment, or frictional unemployment that occurs on a seasonal basis (eg entry of school leavers into the labour pool). You need to associate cyclical employment firmly with business cycles.