国际经济学作业答案-第七章.doc
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Chapter7InternationalFactorMovements83
Chapter7InternationalFactorMovements
nMultipleChoiceQuestions
1. Whichofthefollowingdiffersinitsessentialanalyticalframework?
(a) Internationaltradeingoods
(b) Internationalconflictresolution
(c) Internationaltradeinservices
(d) Internationaltradeinfactorsofproduction
(e) Internationalborrowingandlending
Answer:
B
2. Theslopeoftheproductionfunctionmeasures
(a) thephysicalincreaseinoutputascountrygrows.
(b) thedollar-valueincreaseinoutputasacountrygrows.
(c) theincreaseinnumberofworkersasimmigrationproceeds.
(d) themarginalproductoflabor.
(e) themarginalproductofcapital.
Answer:
D
3. Internationalfreelabormobilitywillunderallcircumstances
(a) increasetotalworldoutput.
(b) improvetheeconomicwelfareofeveryone.
(c) improvetheeconomicwelfareofworkerseverywhere.
(d) improvetheeconomicwelfareoflandlords(orcapitalowners)everywhere.
(e) Noneoftheabove.
Answer:
E
4. IftheworldattainedaperfectHeckscher-Ohlinmodelequilibriumwithtrade,then
(a) workersinthelaborabundantcountrywouldmigratetothecapitalabundantcountry.
(b) workersinthelaborabundantcountrywouldwishtomigratetothecapitalabundantcountry.
(c) workersinthelaborabundantcountrywouldhavenodesiretomigratetothecapitalabundantcountry.
(d) workersinthecapitalabundantcountrywouldwishtomigratetothelaborabundantcountry.
(e) workersinthecapitalabundantcountrywouldmigratetothelaborabundantcountry.
Answer:
C
5. Duringthemassmigrationperiodoflate19th-early20thcenturies,
(a) wagesroseintheorigincountriesandfellinthedestinationcountries.
(b) wagesfellintheorigincountriesandroseinthedestinationcountries.
(c) wagesgenerallyrosefasterintheorigincountries.
(d) wagesgenerallyrosefasterinthedestinationcountries.
(e) wagesgenerallyfellfasterintheorigincountries.
Answer:
C
6. Internationalborrowingandlendingmaybeinterpretedasoneformof
(a) intermediatetrade.
(b) inter-temporaltrade.
(c) tradeinservices.
(d) unrequitedinternationaltransfers.
(e) Noneoftheabove.
Answer:
B
7. Therelativepriceoffutureconsumptionis
(a) theinterestrate.
(b) unknownatanygiventime.
(c) therealinterestrate.
(d) therelativeinterestrate.
(e) Noneoftheabove.
Answer:
C
8. Acountrythathasacomparativeadvantageinfutureproductionofconsumptiongoods
(a) willtendtobeaninternationalborrower.
(b) willtendtohavelowrealinterestrates.
(c) willtendtobeaninternationalinvestororlender.
(d) willtendtohavegoodworkethics.
(e) Noneoftheabove.
Answer:
A
9. AU.S.multinationalcorporation
(a) hasacontrollingshareinaforeignsubsidiaryandisnotitselfforeigncontrolled.
(b) isforeigncontrolledandhasnocontrollingshareinaforeigncompany.
(c) hasacontrollingshareinaforeignsubsidiaryandmayitselfbeforeigncontrolledbyaforeigncompany.
(d) isaU.S.companywhosemajormarketsareoutsidetheUnitedStates.
(e) Noneoftheabove.
Answer:
C
10. Whyagoodisproducedintwodifferentcountriesisknownasthequestionof
(a) internalization.
(b) verticalintegration.
(c) exploitation.
(d) location.
(e) Noneoftheabove.
Answer:
D
11. Internalizationdealswiththequestion
(a) whyworkersprefertoworkindoors
(b) internationalization
(c) whycomponentsareproducedbyonefirmratherthanbymany.
(d) Whyagoodisproducedintwodifferentcountries
(e) Noneoftheabove
Answer:
C
12. Thehomelocationofmostoftheworld’slargemultinationalcompaniesis
(a) NorthAmericaandEurope.
(b) NorthAmericaandAsia.
(c) EuropeandSouthAmerica.
(d) EuropeandAsia.
(e) Noneoftheabove.
Answer:
A
13. Whichofthefollowingbestreferstotheoutrightconstructionorpurchaseabroadofproductivefacilitiesbydomesticresidents?
(a) Foreigndirectinvestment
(b) PortfolioInvestment
(c) Short-termcapitalinvestment.
(d) Long-termcapitalinvestment
(e) Noneoftheabove.
Answer:
A
14. MostdirectinvestmentintheUnitedStateshascomefrom
(a) Japan.
(b) Canada.
(c) WesternEurope.
(d) SouthAmerica.
(e) Asia.
Answer:
C
15. MostU.S.directforeigninvestmentoccursin
(a) communications.
(b) agriculture.
(c) petroleum.
(d) manufacturing.
(e) Noneoftheabove.
Answer:
D
16. MostforeigndirectinvestmentintheUnitedStatesoccursin
(a) communications.
(b) agriculture.
(c) petroleum.
(d) manufacturing.
(e) Noneoftheabove.
Answer:
D
17. Multinationalcorporationsmayprovidebenefitstotheirhomecountriesforthefollowingreasonsexceptwhichone?
(a) Securerawmaterialsforthesourcecountry
(b) Allowforexportsofproducts,whichinvolvecompany-specifictradesecrets
(c) Allowdomesticfirmstosecuretimelydeliveriesofcommoditiesorproducts,whichdonotenjoyastableordeepmarketinternationally
(d) Shifthomecountrytechnologyoverseasvialicensing
(e) Noneoftheabove.
Answer:
D
18. Tradeanalysisinvolvingmultinationalcorporationsdiffersfromourconventionaltradeanalysisbecausemultinationalcorporationanalysisinvolves
(a) absolutecostdifferentialsratherthancomparativecostdifferentials.
(b) theinternationalmovementoffactorinputsaswellasthatoffinishedgoods.
(c) purelycompetitivemarketsratherthanimperfectlycompetitivemarkets.
(d) portfolioinvestmentsratherthandirectforeigninvestment.
(e) Noneoftheabove.
Answer:
B
19. Directforeigninvestmentmaytakeanyofthefollowingformsexcept
(a) investorsbuyingbondsofanexistingfirmoverseas.
(b) thecreationofawhollyownedbusinessoverseas.
(c) thetakeoverofanexistingcompanyoverseas.
(d) theconstructionofamanufacturingplantoverseas.
(e) Noneoftheabove.
Answer:
A
20. WhichofthefollowingcouldlogicallyexplainwhyforeigndirectinvestmentmightbeattractedtotheUnitedStates?
(a) U.S.wageratesexceedingtheproductivityofU.S.labor
(b) U.S.priceceilingsthatholddownthepriceofenergy
(c) Especiallyhighprice/earningratiosassociatedwiththestockofU.S.firms
(d) AnticipationsoffuturereductionsinU.S.non-tariffbarriers
(e) Noneoftheabove.
Answer:
B
21. Multinationalcorporations
(a) increasethetransferoftechnologybetweennations.
(b) makeitharderfornationstofosteractivitiesofcomparativeadvantage.
(c) alwaysenjoypoliticalharmonyinhostcountriesinwhichtheirsubsidiariesoperate.
(d) requiregovernmentalsubsidiesinordertoconductworldwideoperations.
(e) Noneoftheabove.
Answer:
A
22. AmericanlaborunionshaverecentlymaintainedthatU.S.multinationalcorporationshavebeen
(a) exportingAmericanjobsbyinvestingoverseas.
(b) exportingAmericanjobsbykeepinginvestmentintheUnitedStates.
(c) importingcheapforeignlaborbyshiftingU.S.investmentoverseas.
(d) importingcheapforeignworkersbykeepingU.S.investmentathome.
(e) Noneoftheabove.
Answer:
A
23. Multinationalcorporations
(a) alwaysproduceprimarygoods.
(b) alwaysproducemanufacturedgoods.
(c) alwaysproduceservices.
(d) mayproduceprimaryormanufacturedgoods.
(e) Noneoftheabove.
Answer:
D
24. ___________referstohighlyeducatedandskilledpeoplewhomigratefrompoordevelopingcountriestowealthyindustrialcountries.
(a) Directinvestment
(b) Portfolioinvestment
(c) Transferpricing
(d) Braindrain
(e) Noneoftheabove.
Answer:
D
25. Internationallabormobility
(a) leadstowageconvergencebyraisingwagesindestinationcountryandloweringinsourcecountry.
(b) isinaccordancewiththespecificfactorsmodel
(c) isinaccordancewiththeHeckscher-Ohlinfactorproportionsmodel.
(d) leadstowageconvergencebyraisingwagesinsourceandloweringthemindestinationcountry.
(e) isinaccordancewithscaleeconomymodel.
Answer:
D
26. Intheory,labormobilityis
(a) acompletecomplementtotradeflows.
(b) apartialcomplementtotradeflows.
(c) acompletesubstitutefortradeflows.
(d) apartialsubstitutefortradeflows.
(e) Noneoftheabove.
Answer:
C
27. Inpractice,internationallabormobilityis
(a) acompletecomplementtotradeflows.
(b) apartialcomplementtotradeflows.
(c) acompletesubstitutefortradeflows.
(d) apartialsubstitutefortradeflows.
(e) Noneoftheabove.
Answer:
D
28. IfoneobservesthatJapanwastraditionallyanetforeignlender,onecouldconcludethatrelativetoitsinternationaltradeandfinancialpartners
(a) Japan’sinter-temporalproductionpossibilitiesarebiasedtowardfutureconsumption.
(b) Japan’sinter-temporalproductionpossibilitiesarelargerthanthatoftheothercountries.
(c) Japan’sinter-temporalproductionpossibilitiesarebiasedtowardpresentconsumption.
(d) Japan’sinter-temporalproductionpossibilitiesarenotbiased.
(e) Noneoftheabove.
Answer:
C
29. Rapidlygrowingdevelopingcountriestendtobeborrowersontheinternationalcapitalmarkets.Fromthisinformationwemaysurmisethattheyhaveacomparativeadvantagein
(a) capitalgoods.
(b) futureincome.
(c) disposableincome.
(d) consumergoods.
(e) presentincome.
Answer:
B
30. Itmaybearguedthattheoretically,internationalcapitalmovements
(a) tendtohurtthedonorcountries.
(b) tendtohurttherecipientcountries.
(c) tendtohurtlaborindonorcountries.
(d) tendtohurtlaborinrecipientcountries.
(e) Noneoftheabove.
Answer:
C
31. Transactionsbetweenbranchesofthesamemultinationalcorporationsaccountfor________ofU.S.imports.
(a) onequarter
(b) onethird
(c) onehalf
(d) threequarters
(e) all
Answer:
C
32. Theshiftoflabor-intensiveassemblyoperationsfromtheUnitedState