国际经济学英文版选择题汇总版附答案.docx

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国际经济学英文版选择题汇总版附答案

《国际经济学》选择题汇总版(附答案)

Ch1-Ch3

1.TheUnitedStatesislessdependentontradethanmostothercountriesbecause

A)theUnitedStatesisarelativelylargecountrywithdiverseresources.

B)theUnitedStatesisa“Superpower.”

C)themilitarypoweroftheUnitedStatesmakesitlessdependentonanything.

D)theUnitedStatesinvestsinmanyothercountries.

E)manycountriesinvestintheUnitedStates.

2.BecausetheConstitutionforbidsrestraintsoninterstatetrade,

A)theU.S.maynotimposetariffsonimportsfromNAFTAcountries.

B)theU.S.maynotaffecttheinternationalvalueofthe$U.S.

C)theU.S.maynotputrestraintsonforeigninvestmentsinCaliforniaifitinvolvesafinancialintermediaryinNewYorkState.

D)theU.S.maynotimposeexportduties.

E)theU.S.maynotdisruptcommercebetweenFloridaandHawaii.

3.Internationaleconomicscanbedividedintotwobroadsub-fields

A)macroandmicro.

B)developedandlessdeveloped.

C)monetaryandbarter.

D)internationaltradeandinternationalmoney.

E)staticanddynamic.

4.Internationalmonetaryanalysisfocuseson

A)therealsideoftheinternationaleconomy.

B)theinternationaltradesideoftheinternationaleconomy.

C)theinternationalinvestmentsideoftheinternationaleconomy.

D)theissuesofinternationalcooperationbetweenCentralBanks.

E)themonetarysideoftheinternationaleconomy,suchascurrencyexchange.

5.Thegravitymodeloffersalogicalexplanationforthefactthat

A)tradebetweenAsiaandtheU.S.hasgrownfasterthanNAFTAtrade.

B)tradeinserviceshasgrownfasterthantradeingoods.

C)tradeinmanufactureshasgrownfasterthaninagriculturalproducts.

D)Intra-EuropeanUniontradeexceedsinternationaltradebytheEuropeanUnion.

E)theU.S.tradesmorewithWesternEuropethanitdoeswithCanada.

6.Thegravitymodelexplainswhy

A)tradebetweenSwedenandGermanyexceedsthatbetweenSwedenandSpain.

B)countrieswithoilreservestendtoexportoil.

C)capitalrichcountriesexportcapitalintensiveproducts.

D)intra-industrytradeisrelativelymoreimportantthanotherformsoftradebetweenneighboringcountries.

E)Europeancountriesrelymostoftenonnaturalresources.

7.Whydoesthegravitymodelwork?

A)Largeeconomiesbecamelargebecausetheywereengagedininternationaltrade.

B)Largeeconomieshaverelativelylargeincomes,andhencespendmoreongovernmentpromotionoftradeandinvestment.

C)Largeeconomieshaverelativelylargerareaswhichraisestheprobabilitythataproductiveactivitywilltakeplacewithinthebordersofthatcountry.

D)Largeeconomiestendtohavelargeincomesandtendtospendmoreonimports.

E)Largeeconomiestendtoavoidtradingwithsmalleconomies.

8.WeseethattheNetherlands,Belgium,andIrelandtradeconsiderablymorewiththeUnitedStatesthanwithmanyothercountries.

A)Thisisexplainedbythegravitymodel,sincethesearealllargecountries.

B)Thisisexplainedbythegravitymodel,sincetheseareallsmallcountries.

C)Thisfailstobeconsistentwiththegravitymodel,sincethesearesmallcountries.

D)Thisfailstobeconsistentwiththegravitymodel,sincethesearelargecountries.

E)Thisisexplainedbythegravitymodel,sincetheydonotshareborders.

9.Inthepresent,mostoftheexportsfromChinaare

A)manufacturedgoods.

B)services.

C)primaryproductsincludingagricultural.

D)technologyintensiveproducts.

E)overpricedbyworldmarketstandards.

10.Acountryengagingintradeaccordingtotheprinciplesofcomparativeadvantagegainsfromtradebecauseit

A)isproducingexportsindirectlymoreefficientlythanitcouldalternatively.

B)isproducingimportsindirectlymoreefficientlythanitcoulddomestically.

C)isproducingexportsusingfewerlaborunits.

D)isproducingimportsindirectlyusingfewerlaborunits.

E)isproducingexportswhileoutsourcingservices.

11.TheRicardianmodelattributesthegainsfromtradeassociatedwiththeprincipleofcomparativeadvantageresultto

A)differencesintechnology.

B)differencesinpreferences.

C)differencesinlaborproductivity.

D)differencesinresources.

E)gravityrelationshipsamongcountries.

 

12.AnationengagingintradeaccordingtotheRicardianmodelwillfinditsconsumptionbundle

A)insideitsproductionpossibilitiesfrontier.

B)onitsproductionpossibilitiesfrontier.

C)outsideitsproductionpossibilitiesfrontier.

D)insideitstrade-partner'sproductionpossibilitiesfrontier.

E)onitstrade-partner'sproductionpossibilitiesfrontier.

13.AssumethatlaboristheonlyfactorofproductionandthatwagesintheUnitedStatesequal$20perhourwhilewagesinJapanare$10perhour.ProductioncostswouldbelowerintheUnitedStatesascomparedtoJapanif

A)U.S.laborproductivityequaled40unitsperhourandJapan's15unitsperhour.

B)U.S.laborproductivityequaled30unitsperhourandJapan's20unitsperhour.

C)U.S.laborproductivityequaled20unitsperhourandJapan's30unitsperhour.

D)U.S.laborproductivityequaled15unitsperhourandJapan's25unitsperhour.

E)U.S.laborproductivityequaled15unitsperhourandJapan's40unitsperhour.

14.Inatwo-country,two-productworld,thestatement“GermanyenjoysacomparativeadvantageoverFranceinautosrelativetoships”isequivalentto

A)FrancehavingacomparativeadvantageoverGermanyinships.

B)FrancehavingacomparativedisadvantagecomparedtoGermanyinautosandships.

C)GermanyhavingacomparativeadvantageoverFranceinautosandships.

D)FrancehavingnocomparativeadvantageoverGermany.

E)Franceshouldproduceautos.

15.IftheUnitedStates'productionpossibilityfrontierwasflattertothewidgetaxis,whereasGermany'swasflattertothebutteraxis,weknowthat

A)theUnitedStateshasnocomparativeadvantage

B)Germanyhasacomparativeadvantageinbutter.

C)theU.S.hasacomparativeadvantageinbutter.

D)Germanyhascomparativeadvantagesinbothproducts.

E)theU.S.hasacomparativedisadvantageinwidgets.

Ch4-Ch5

1.TheRicardianmodelofinternationaltradedemonstratesthattradecanbemutuallybeneficial.Why,then,dogovernmentsrestrictimportsofsomegoods?

A)Tradecanhavesubstantialeffectsonacountry'sdistributionofincome.

B)TheRicardianmodelisoftenincorrectinitspredictionthattradecanbemutuallybeneficial.

C)Importrestrictionsaretheresultoftradewarsbetweenhostilecountries.

D)Importsareonlyrestrictedwhenforeign-madegoodsdonotmeetdomesticstandardsofquality.

E)Restrictionsonimportsareintendedtobenefitdomesticconsumers.

 

2.Japan'stradepolicieswithregardtoricereflectthefactthat

A)japanesericefarmershavesignificantpoliticalpower.

B)Japanhasacomparativeadvantageinriceproductionandthereforeexportsmostofitsricecrop.

C)therewouldbenogainsfromtradeavailabletoJapanifitengagedinfreetradeinrice.

D)therearegainsfromtradethatJapancapturesbyengaginginfreetradeinrice.

E)Japanimportsmostofthericeconsumedinthecountry.

3.Inthespecificfactorsmodel,whichofthefollowingistreatedasaspecificfactor?

A)Labor

B)Land

C)Cloth

D)Food

E)Technology

4.Thespecificfactorsmodelassumesthatthereare________goodsand________factor(s)ofproduction.

A)two;three

B)two;two

C)two;one

D)three;two

E)four;three

5.Theslopeofacountry'sproductionpossibilityfrontierwithclothmeasuredonthehorizontalandfoodmeasuredontheverticalaxisinthespecificfactorsmodelisequalto________andit________asmoreclothisproduced.

A)-MPLF/MPLC;becomessteeper

B)-MPLF/MPLC;becomesflatter

C)-MPLF/MPLC;isconstant

D)-MPLC/MPLF;becomessteeper

E)-MPLC/MPLF;isconstant

6.Underperfectcompetition,theequilibriumpriceoflaborusedtoproduceclothwillbeequalto

A)theslopeoftheproductionpossibilityfrontier.

B)theaverageproductoflaborintheproductionofclothtimesthepriceofcloth.

C)theratioofthemarginalproductoflaborintheproductionofclothtothemarginalproductoflaborintheproductionoffoodtimestheratioofthepriceofcloth.tothepriceoffood.

D)themarginalproductoflaborintheproductionofclothtimesthepriceofcloth.

E)thepriceofclothdividedbythemarginalproductoflaborintheproductionofcloth.

7.Inthespecificfactorsmodel,whichofthefollowingwillincreasethequantityoflaborusedinclothproduction?

A)anincreaseinthepriceofclothrelativetothatoffood

B)anincreaseinthepriceoffoodrelativetothatofcloth

C)adecreaseinthepriceoflabor

D)anequalpercentagedecreaseinthepriceoffoodandcloth

E)anequalpercentageincreaseinthepriceoffoodandcloth

8.Acountrythatdoesnotengageintradecanbenefitfromtradeonlyif

A)ithasanabsoluteadvantageinatleastonegood.

B)itemploysauniquetechnology.

C)pre-tradeandfree-traderelativepricesarenotidentical.

D)itswagerateisbelowtheworldaverage.

E)pre-tradeandfree-traderelativepricesareidentical.

9.Inthespecificfactorsmodel,theeffectsoftradeonwelfareare________formobilefactors,________forfixedfactorsusedtoproducetheexportedgood,and________forfixedfactorsusedtoproducetheimportedgood.

A)ambiguous;positive;negative

B)ambiguous;negative;positive

C)positive;ambiguous;ambiguous

D)negative;ambiguous;ambiguous

E)positive;positive;positive

10.Theeffectoftradeonspecializedemployeesofimport-competingindustrieswill

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