国际经济学英文期末考试模拟试题含答案.docx

国际经济学英文期末考试模拟试题含答案.docx

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国际经济学英文期末考试模拟试题含答案

国际经济学英文期末考试模拟试题含答案

一、TrueorFalse（10*1’=10’）

1.Tradeisazero-sumactivity;ifonecountrygains,theothermustlose.

2.Anationmaximizessatisfactionbyreachingthehighestpossibleindifferencecurve,andintheabsenceoftradewillproducewhereitsproductionpossibilitiesscheduleistangenttoanindifferencecurve.

3.Thefactorendowmentsmodelpredictsthatinternationaltradewilltendtoequalizethepricesoftrade-ablegoodsamongnations,buttoincreasethewagegapbetweencapital-abundantandlabor-abundantnations.

4.Ataxof10percentonimportsofshoeswouldbeanexampleofaspecifictariff.

5.Animportquotawillnotraisethedomesticpriceoftheproductaswouldatariff,becauseitisnotataxonimports.6.Inbalance-of-paymentsaccount,atransactionresultinginreceiptofapaymentisrecordedasacredit,whereasatransactionresultinginapaymenttoothernationsisrecordedasadebit.

7.Becausetheydonotincludeanexchangeofgoodsorservices,unilateraltransfersdonotappearonanation'sbalanceof

paymentsaccount.

8.DavidHumewasoneofthefirsteconomiststoprovideanalyticalsupportformercantilisttradepolicies.9.Anationwouldbemostlikelytofinditstradebalanceimprovingafteracurrencydepreciationifthatnation’sdemand

forimportsandforeigndemandforitsexportswasveryinelastic.

10.Anationwithneitherabalanceofpaymentssurplusnorabalanceofpaymentsdeficitissaidtobeininternalbalance.二、choices（15*3’=45’）

1.Thelawofcomparativeadvantage

a）.wasratifiedbytheWorldTradeOrganizationb）.explainshowallcountriescanbenefitwheneachspecializesinproducingitemsinwhichithasthegreatestrelativeefficiency

c）.explainshowonlythemostefficientnationscanbenefitfromtrade

d）.isusedtoevaluateacountry’smilitarystrength

2.Thetheoryofabsoluteadvantagewasdevelopedbya.theMercantilists

b.DavidHume

c.AdamSmith

d.DavidRicardo

3.DavidRicardodevelopedtheprincipleofcomparativeadvantageshowingthat

a.anationmustbetheleast-costproducerofagoodinordertoexportthatitem

b.nonationcouldhaveanabsoluteadvantageinallgoodsc.inatwo-countryexample,onlyonenationcanhaveacomparativeadvantage

d.evenanationthathaslowerproductivityinallgoodscanbenefitbyexportingtheiteminwhichitisrelativelylessinefficient

4.Anindifferencecurve

a.showsthatmostpeoplereallyareindifferentaboutinternationaltrade

b.showsthedemandpreferencesofconsumers

c.reflectstherelativecostsofproductionwithinanationd.indicateshowmuchlaboracountryhas

5.Tomaximizeitssatisfaction,anationwillensurethatitsterms-of-tradeline

a.istangenttoitsproductionpossibilitiesfrontieratonepoint（productionpoint）andalsotothehighestattainableindifferencecurveatanotherpoint（consumptionpoint）

b.istangenttoitsproductionpossibilitiesfrontierandintersectsanindifferencecurve

c.intersectsitsproductionpossibilitiesfrontierandistangenttoanindifferencecurve

d.intersectsitsproductionpossibilitiesfrontieratonepointandanindifferencecurveatanotherpoint6.Factor-priceequalizationpredictsthatwithinternationaltrade

a.thepriceofanation’sabundantfactorwillriseandthatofitsscarcefactorwillfall

b.thepriceofanation’sabundantfactorwillfallandthatofitsscarcefactorwillrise

c.thepricesofanation’sabundantandscarcefactorsboth

willrise

d.thepricesofanation’sabundantandscarcefactorsboth

willfall

7.Theeffectiverateofprotection

a.distinguishesbetweentariffsthatareeffectiveandthosethatareineffective

b.istheminimumlevelatwhichatariffbecomeseffectiveinlimitingimports

c.showstheincreaseinvalue-addedfordomesticproduction

thataparticulartariffstructuremakespossible,inpercentageterms

d.showshoweffectiveatariffisinraisingrevenue8.Theinstitutionalframeworkdevelopedin1947topromotetradeliberalizationisknownas

a.theGATT

b.theWTO

c.theIMF

d.TheWorldBank

9.Developingnations

a.haveverylimitedinvolvementininternationaltradeb.trademostlywitheachother

c.relyheavilyonexportsofprimaryproductstoindustrialnations

d.relyheavilyonexportsofmanufacturedproducts10.Acustomsunionisuniqueinthatit

a.hasnotariffsontradeamongmembernationsb.hasnotariffsontradeamongmembernationsandacommonsetoftariffsonimportsfromnon-members

c.hasnotariffsontradeamongmembernations,acommonsetoftariffsonimportsfromnon-members,andfreemobilityoffactorsofproductionsuchaslaborandcapitalamongmembers

d.allowsunrestrictedlaborimmigrationfromnon-membernations

11.Anation'sbalanceofpaymentsstatement

a.isarecordofthatnation'sassetsabroadanditsliabilitiestothosefromothernations

b.isanaccountingadjustmentprocessensuringthatanation'sexportswillbeequaltoitsimportsc.doesnotincludetransactionsofforeigncitizensorcompanieslivingoroperatingwithinthatnationd.isarecordoftheeconomictransactionsbetweenresidentsofthatnationandtherestoftheworld,usuallyforaperiodofoneyear.

12.Sincebalance-of-paymentsaccountingisadouble-entryaccountingsystem,anexportofU.S.wheattoMexicopaidforbyadeposittotheU.S.exportersaccountinaMexicanbankwouldberecordedontheU.S.balanceofpaymentsasa.acreditformerchandiseexportsandacredittoshort-termfinancialflows

b.acreditformerchandiseexportsandadebittoshort-termfinancialflows.

c.acreditformerchandiseexportsandadebittounilateraltransfers

d.acreditformerchandiseexportsandadebittoofficial

settlements

13.Theforeign-exchangemarket

a.islocatedinNewYork

b.isamarketinChicagofortheinternationaltradingofcommoditiessuchaswheatorcopper.

c.isamechanismforindividualsandinstitutionstoexchangeonenationalorregionalcurrencyordebtinstrumentforthoseofothernationsorregions.

d.isopenfrom9:

00a.m.to3:

00p.m.NewYorktime,MondaythroughFriday.

14.Marketfundamentalsthatmightbeexpectedtoinfluenceexchangeratemovementsincludeallofthefollowingfactorsexcept

a.differencesinrealincomegrowthratesbetweencountriesb.differencesinrealinterestratesbetweencountriesc.speculativeopinionaboutfutureexchangeratesd.changesinperceivedprofitabilityofeconomicinvestmentsbetweentwocountries

15.IfinflationishigherinMexicothanintheUnitedStates,thelawofonepricewouldpredictthat

a.tradebetweenMexicoandtheUnitedStateswoulddeclineb.thedollarpriceofautospurchasedinMexicowouldbehigher

thanthedollarpriceofcomparableautospurchasedintheUnitedStates

c.thepesowouldappreciaterelativetothedollarbyanamountequalinpercentagetermstothedifferencebetweenthetwoinflationrates

d.thepesowoulddepreciaterelativetothedollarbyanamountequalinpercentagetermstothedifferencebetweenthetwoinflationrates

三、Questions（45’,answerthesequestionsinChinese）

1.Assumethatlaboristheonlyfactorusedinproduction,andthatthecostsofproducingbutterandclotharegivenbythetablebelow.（8’）

Costinlabor-hoursto

HomeForeign

produce

1unitofbutter1/81

1unitofcloth1/41/2

（1）ExpressthepriceofbutterrelativetothepriceofclothintermsoflaborcontentforHomeandForeignintheabsenceoftrade.

（2）Whatdotheserelativepricesrevealabouteachcountry’s

comparativeadvantage?

（3）Whatdotheserelativepricessuggestabouttheworldprice

ofbutterrelativetocloththatwillexistoncethesecountriestradewitheachother?

（4）Iftheworldpricestabilizesat1withtrade,whatarethegainsbytheHomecountryachievedthroughtradewiththeForeigncountry?

2.Explaintheimmiserizinggrowthandlistthecaseforimmiserizinggrowthtobeoccur.（8’）

3.Explaintheexchangerateovershootingtheory（8’）

4.Supposethatthenominalinterestrateon3-monthTreasurybillsis8percentintheUnitedStatesand6percentintheUnitedKingdom,andtherateofinflationis10percentintheUnitedStatesand4percentintheUnitedKingdom.（9’）

（1）Whatistherealinterestrateineachnation?

（2）Inwhichdirectionwouldinternationalinvestmentflowinresponsetotheserealinterestrates?

（3）Whatimpactwouldtheseinvestmentflowshaveonthedollar’sexchangevalue?

5.Whateffectsdoeslabormigrationhaveonthecountryofimmigration?

Thecountryofemigration?

Theworldasawhole?

（12’）

国际经济学模拟习题（3）参考答案

一、判断题（每题1分，共10分）?

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二、选择题（每题3分，共45分）bcdbaacacbdbccd

三、简答题（共45分）

1、

（1）封闭条件下，本国可以用一半的生产一单位布的劳动时间生产一单位黄油。

这表示，在封闭条件下，本国黄油与布的相对价格是1/2，外国黄油与布的相对价格是2。

（2分）

（2）根据上面的相对价格，表明本国生产黄油有比较优势，外国的比较优势是生产布。

（2分）

（3）如果两国发生国际贸易，国际比价应该落在封闭条件下本国和外国国内相对价格之间。

（2分）

（4）如果世界市场价格为1，本国通过出口黄油，进口布，用一单位黄油可以换得1单位布，比在本国用两单位黄油换一单位布多获得一单位黄油的利益。

（2分）

2、出口偏向型增长对一国的福利产生两种相反的作用，因为生产的多，该国可获得好处，但由于出口价格下降，也遭受损失，如果贸易恶化的负向作用超过了产量增加的正向作用，该国就发生了贫困化增长。

（4分）

以下情况下最有可能发生贫困化增长:

一国的经济增长偏向于它的出口部门（1分）

该国相对于世界市场而言是个大国（1分）

外国对本国出口产品的需求严重缺乏价格弹性（1分）本国严重依赖于国际贸易（1分）

3、汇率的粘性价格货币分析法简称为超调模型，它认为商品市场与资产市场的调整速度是不同的（2分），商品市场上的价格水平具有粘性，购买力平价短期内不成立（1分），经济存在由短期平衡向长期平衡调整的过程，而汇率作为一种特殊资产的价格，其变动受人们对未来市场基本因素预期的变化影响很大（1分），当货币供给一次性增加以后，本币汇率的瞬时贬值程度大于其长期贬值程度（2分），我们称这种现象为汇率超调现象，该现象有助于解释为什么汇率每一天的升值或贬值会如此剧烈（2分）。

4、

（1）实际利率=名义利率-通货膨胀率（1分）美国实际利率=8%-10%=-2%（1分）

英国实际利率=6%-4%=2%（1分）

（2）国际资本应该从美国流向英国（2分）

（3）国际资本从美国流向英国，对英镑需求增加，英镑升值，所以即期市场上美元相对于英镑贬值（2分）。

远期外汇市场上，美元升水率为4%（2分）。

5、

（1）对世界来说，由于移民，工人被吸引到他们最有效率的领域，世界产出趋于扩张（2分）劳动力流动增加的世界收入并没有在所有国家和所有