国际经济学作业答案-第五章.doc
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Chapter5TheStandardTradeModel61
Chapter5TheStandardTradeModel
nMultipleChoiceQuestions
1. Theconcept“termsoftrade”means
(a) theamountofexportssoldbyacountry.
(b) thepriceconditionsbargainedforininternationalmarkets.
(c) thepriceofacountry’sexportsdividedbythepriceofitsimports.
(d) thequantitiesofimportsreceivedinfreetrade.
(e) Noneoftheabove.
Answer:
C
2. Acountrycannotproduceamixofproductswithahighervaluethanwhere
(a) theisovaluelineintersectstheproductionpossibilityfrontier.
(b) theisovaluelineistangenttotheproductionpossibilityfrontier.
(c) theisovaluelineisabovetheproductionpossibilityfrontier.
(d) theisovaluelineisbelowtheproductionpossibilityfrontier.
(e) theisovaluelineistangentwiththeindifferencecurve.
Answer:
B
3. Tastesofindividualsarerepresentedby
(a) theproductionpossibilityfrontier.
(b) theisovalueline.
(c) theindifferencecurve.
(d) theproductionfunction.
(e) Noneoftheabove.
Answer:
C
4. IfPC/PFweretoincreaseintheinternationalmarketplace,then
(a) allcountrieswouldbebetteroff.
(b) thetermsoftradeofclothexportersimprove.
(c) thetermsoftradeoffoodexportersimprove.
(d) thetermsoftradeofallcountriesimprove.
(e) Noneoftheabove
Answer:
B
5. IfPC/PFweretoincrease,
(a) theclothexporterwouldincreasethequantityofclothexports.
(b) theclothexporterwouldincreasethequantityofclothproduced.
(c) thefoodexporterwouldincreasethequantityoffoodexports.
(d) Both(a)and(c).
(e) Noneoftheabove.
Answer:
B
6. IfPC/PFweretoincrease,
(a) worldrelativequantityofclothsuppliedanddemandedwouldincrease.
(b) worldrelativequantityofclothsuppliedanddemandedwoulddecrease.
(c) worldrelativequantityofclothsuppliedwouldincreases.
(d) worldrelativequantityofclothdemandedwoulddecrease.
(e) Noneoftheabove.
Answer:
C
7. Whentheproductionpossibilityfrontiershiftsoutrelativelymoreinonedirection,wehave
(a) biasedgrowth.
(b) unbiasedgrowth.
(c) immiserizinggrowth.
(d) balancedgrowth.
(e) imbalancedgrowth.
Answer:
A
8. Export-biasedgrowthinCountryHwill
(a) improvethetermsoftradeofCountryH.
(b) triggeranti-biasregulationsoftheWTO.
(c) worsenthetermsoftradeofCountryF(thetradepartner).
(d) improvethetermsoftradeofCountryF.
(e) decreaseeconomicwelfareinCountryH.
Answer:
D
9. Immiserizinggrowthis
(a) likelytooccuriftheexportingcountryispoor.
(b) likelytooccuriftheexportingcountryisrich.
(c) likelytooccurwhentermsoftradechange.
(d) likelytooccurifrelativesuppliesareelastic.
(e) Noneoftheabove.
Answer:
E
10. IftheU.S.AgencyforInternationalDevelopmenttransfersfundstopoorcountriesinSub-SaharanAfrica,thismust
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) worsenthetermsoftradeoftheAfricanaidrecipients.
(d) improvethetermsoftradeoftheAfricanaidrecipients.
(e) Noneoftheabove.
Answer:
E
11. IfthepoorUSAIDrecipientcountrieshaveahighermarginalpropensitytoconsumeeachandeveryproductthandoestheUnitedStates,thensuchaidwill
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) leavetheworldtermsoftradeunaffected.
(d) worsenthetermsoftradeofbothdonorandrecipientcountries.
(e) Noneoftheabove.
Answer:
B
12. IftheU.S.hasahighermarginalpropensitytoconsume(MPC)importsascomparedtobothitsMPCforexportablesandnontradables,thensuchaidwill
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) leavetheworldtermsoftradeunaffected.
(d) worsenthetermsoftradeofbothdonorandrecipientcountries.
(e) Noneoftheabove.
Answer:
B
13. IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswilltendto
(a) havenoeffectontermsoftrade.
(b) improvethetermsoftradeofallcountries.
(c) improvethetermsoftradeoftheUnitedStates.
(d) causeadeteriorationofU.S.termsoftrade.
(e) raisetheworldpriceofthegoodimportedbytheUnitedStates.
Answer:
C
14. IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswill
(a) havenoeffectoneconomicwelfare.
(b) improvethetermsoftradeofallcountries.
(c) improvetheeconomicwelfareoftheUnitedStates.
(d) harmtheeconomicwelfareofU.S.’tradingpartners.
(e) Noneoftheabove
Answer:
D
15. Acountrywillbeabletoconsumeabundlewhichisnotattainablesolelyfromdomesticproductiononlyif
(a) theworldtermsoftradedifferfromitsdomesticrelativecosts.
(b) thecountryspecializesinoneproduct.
(c) thecountryavoidsinternationaltrade.
(d) theworldtermsoftradeequalthedomesticrelativecosts.
(e) Noneoftheabove.
Answer:
A
16. Termsoftraderefersto
(a) whatgoodsareimported.
(b) whatgoodsareexported.
(c) thevolumeoftrade.
(d) thepricesatwhichtradeoccurs.
(e) Noneoftheabove.
Answer:
D
17. Ifacountry’s(net-barter)termsoftradeincrease(“improve”)weknowfromthisthateconomicwelfareinthiscountry
(a) increases
(b) increases,butonlyrelativetothatofitstradepartners
(c) isunchanged
(d) decreases
(e) Noneoftheabove
Answer:
E
18. Ifpointsaandbarebothontheproductionpossibilityfrontierofacountry,then
(a) consumersareindifferentbetweenthetwobundles.
(b) producersareindifferentbetweenthetwobundles.
(c) atanypointintime,thecountrycouldproduceboth.
(d) Bothcostthesame.
(e) Thecountrycouldproduceeitherofthetwobundles.
Answer:
E
19. Iftheeconomyisproducingatpointaonitsproductionpossibilityfrontier,then
(a) allofthecountry’sworkersarespecializedinoneproduct.
(b) allofthecounty’scapitalisusedforoneproduct.
(c) allofthecounty’sworkersareemployed.
(d) allofitscapitalisused,butnotefficiently.
(e) Noneoftheabove.
Answer:
C
20. IfatpointAontheproductionpossibilityfrontier,andthecommunityindifferencecurvecutsthroughpointafromnorthwesttosoutheast,thentheoptimalautarkyproductionbundleis
(a) atpointA.
(b) totherightofpointA.
(c) totheleftofpointA.
(d) tothenortheastofpointA.
(e) tothesouthwestofpointA.
Answer:
B
21. Abundleindicatedbyapointtothenortheastoftheproductionpossibilityfrontieris
(a) unattainableatapointintime.
(b) unattainableatapointintimewithoutinternationaltrade.
(c) unattainableatapointintimewithoutdomestictrade.
(d) unattainableasaconsumptionpoint.
(e) Noneoftheabove.
Answer:
B
22. Iftwocountrieswithdiminishingreturnsanddifferentmarginalratesofsubstitutionbetweentwoproductsweretoengageintrade,then
(a) theshapesoftheirrespectiveproductionpossibilityfrontierswouldchange.
(b) themarginalratesofsubstitutionofbothwouldbecomeequal.
(c) thelargerofthetwocountrieswoulddominatetheirtrade.
(d) thecountrywithrelativelyelasticsupplieswouldexportmore.
(e) Noneoftheabove.
Answer:
B
23. IfacountrybeganexportingproductAandimportingproductB,then,ascomparedtotheautarky(no-trade)situation,themarginalcostofproductAwill
(a) increase.
(b) decrease.
(c) shiftoutward.
(d) shiftinward.
(e) Noneoftheabove.
Answer:
A
24. If,beginningfromafreetradeequilibrium,the(netbarter)termsoftradeimproveforacountry,thenitwill
(a) increaseproductionofitsimportcompetinggood.
(b) increaseconsumptionofitsexportgood.
(c) increasethequantityofitsimports.
(d) experienceanexport-biasedshiftinitsproductionpossibilityfrontier.
(e) Noneoftheabove.
Answer:
C
25. Ifasmallcountryweretolevyatariffonitsimportsthenthiswould
(a) havenoeffectonthatcountry’seconomicwelfare.
(b) increasethecountry’seconomicwelfare.
(c) decreasethecountry’seconomicwelfare.
(d) changethetermsoftrade.
(e) Noneoftheabove.
Answer:
C
26. Anincreaseinacountry’snetcommoditytermsoftradewillalways
(a) increasethecountry’seconomicwelfare.
(b) increasethecountry’srealincome.
(c) increasethecountry’squantityofexports.
(d) increasethecountry’sproductionofitsimportcompetinggood.
(e) Noneoftheabove.
Answer:
E
27. AfterWWI,Germanywasforcedtomakelargereparations—transfersofrealincome-toFrance.Ifthemarginalpropensitytoconsumewasequalinbothcountries,andifFrance’sdemandwasbiasedtowardfood(relativetoGermany’sdemandpattern)thenwewouldexpecttofind
(a) theworld’srelativepriceforfoodremainsunchanged.
(b) theworld’srelativepriceforfoodincrease.
(c) theworld’srelativepriceforfooddecrease.
(d) theworldrelativepriceforbothfoodandnon-foodrise.
(e) Noneoftheabove.
Answer:
B
28. IfweaddtoQuestion27thatFranceexportedmanufactures,whereasGermanyexportedfood,thenthereparationsfromGermanytoFrancewould
(a) improveFrance’sinternationaltermsoftrade.
(b) causeFrance’termsoftradetodeteriorate.
(c) causebothFrance’andGermany’stermsoftradetodeteriorate.
(d) causebothFrance’andGermany’stermsoftradetoimprove.
(e) Noneoftheabove.
Answer:
B
29. Ifacountrylentmoneytoanother,thismust
(a) lowerthetermsoftradeoftherecipientcountry.
(b) lowerthetermsoftradeofbothcountries.
(c) improvethetermsoftradeoftherecipientcountry.
(d) improvethetermsoftradeofthedonorcountry
(e) Noneoftheabove.
Answer:
E
30. Duringthe19thCentury,economicgrowthofthemajortradingcountrieswasbiasedtowardmanufacturesandawayfromfood.Thelessdevelopedcountriesofthattimewerenetexportersoffood.