国际经济学双语习题Word文档格式.docx

国际经济学双语习题Word文档格式.docx

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C）

eachcountryhasamoreelasticdemandfortheimportedgoods.

D）

eachcountryhasamoreelasticsupplyfortheexportedgoods.

E）

BothCandD.

Answer:

A

QuestionStatus:

PreviousEdition

2）

Inordertoknowwhetheracountryhasacomparativeadvantageintheproductionofoneparticularproductweneedinformationonatleast________unitlaborrequirements

one

two

three

four

five

D

3）

Acountryengagingintradeaccordingtotheprinciplesofcomparativeadvantagegainsfromtradebecauseit

isproducingexportsindirectlymoreefficientlythanitcouldalternatively.

isproducingimportsindirectlymoreefficientlythanitcoulddomestically.

isproducingexportsusingfewerlaborunits.

isproducingimportsindirectlyusingfewerlaborunits.

Noneoftheabove.

B

4）

Giventheinformationinthetableabove,ifitisascertainedthatForeignusesprison-slavelabortoproduceitsexports,thenhomeshould

exportcloth.

exportwidgets.

exportbothandimportnothing.

exportandimportnothing.

Alloftheabove.

PreviousEdition

5）

Giventheinformationinthetableabove,iftheHomeeconomysufferedameltdown,andtheUnitLaborRequirementsdoubledto30forclothand60forwidgetsthenhomeshould

6）

Theearlieststatementoftheprincipleofcomparativeadvantageisassociatedwith

DavidHume.

DavidRicardo.

AdamSmith.

EliHeckscher.

BertilOhlin.

7）

TheGainsfromTradeassociatedwiththeprincipleofComparativeAdvantagedependson

thetradepartnersmustdifferintechnologyortastes.

therecanbenomoregoodstradedthanthenumberoftradepartners.

theremaybenomoretradepartnersthangoodstraded.

8）

TheRicardianmodeldemonstratesthat

tradebetweentwocountrieswillbenefitbothcountries.

tradebetweentwocountriesmaybenefitbothregardlessofwhichgoodeachexports.

tradebetweentwocountriesmaybenefitbothifeachexportstheproductinwhichithasacomparativeadvantage.

tradebetweentwocountriesmaybenefitonebutharmtheother.

C

New

3.2

AOne-FactorEconomy

Giventhefollowinginformation:

（a）Whatisthemarginalcostofatoyineachcountry?

（b）Howmightyoudemonstrate（quantitatively）thatacountrywithabsoluteproductivityadvantageinaproductmayfindthatitsproductionismorecostlythanintheother（unproductive）country?

（c）Demonstratethefactthattradeproducesimports（indirectly）cheaper,evenintherelativelyunproductivecountry.

（a）3unitsofSoyintheU.S.,and1SoyunitinCroatia.

（b）TheU.S.haveabsoluteproductivityadvantageintoys.Nevertheless,toysarethreetimesmorecostlythantheyareinCroatia.

（c）InCroatia,oneunitofsoywillcostonetoy.However,ifthetermsoftradefallbetweenthetwoautarkicpriceratios（aconditionnecessaryforbothcountriestoenjoygainsfromtrade）,sayat2Soyunitspertoy,thenCroatiawillgaineachSoyunitwithlessofasacrificeoftoyproduction.

3.3

TradeinaOne-FactorWorld

Giventheinformationinthetableabove

neithercountryhasacomparativeadvantage.

Homehasacomparativeadvantageincloth.

Foreignhasacomparativeadvantageincloth.

Homehasacomparativeadvantageinwidgets.

Homehasacomparativeadvantageinbothproducts.

Giventheinformationinthetableabove,ifwagesweretodoubleinHome,thenHomeshould

Foreignhasacomparativeadvantageinwidgets.

Giventheinformationinthetableabove,theopportunitycostofclothintermsofwidgetsinForeignisifitisascertainedthatForeignusesprison-slavelabortoproduceitsexports,thenhomeshould

Giventheinformationinthetableabove,iftheworldequilibriumpriceofwidgetswere4Cloths,then

bothcountriescouldbenefitfromtradewitheachother.

neithercountrycouldbenefitfromtradewitheachother.

eachcountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

neithercountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

bothcountrieswillwanttospecializeincloth.

Giventheinformationinthetableabove,iftheworldequilibriumpriceofwidgetswere40cloths,then

Inatwoproducttwocountryworld,internationaltradecanleadtoincreasesin

consumerwelfareonlyifoutputofbothproductsisincreased.

outputofbothproductsandconsumerwelfareinbothcountries.

totalproductionofbothproductsbutnotconsumerwelfareinbothcountries.

consumerwelfareinbothcountriesbutnottotalproductionofbothproducts.

9）

Asaresultoftrade,specializationintheRicardianmodeltendstobe

completewithconstantcostsandwithincreasingcosts.

completewithconstantcostsandincompletewithincreasingcosts.

incompletewithconstantcostsandcompletewithincreasingcosts.

incompletewithconstantcostsandincompletewithincreasingcosts.

10）

Asaresultoftradebetweentwocountrieswhichareofcompletelydifferenteconomicsizes,specializationintheRicardian2X2modeltendstobe

incompleteinbothcountries

completeinbothcountries

completeinthesmallcountrybutincompleteinthelargecountry

completeinthelargecountrybutincompleteinthesmallcountry

11）

AnationengagingintradeaccordingtotheRicardianmodelwillfinditsconsumptionbundle

insideitsproductionpossibilitiesfrontier.

onitsproductionpossibilitiesfrontier.

outsideitsproductionpossibilitiesfrontier.

insideitstrade-partner'

sproductionpossibilitiesfrontier.

onitstrade-partner'

12）

IntheRicardianmodel,ifacountry'

stradeisrestricted,thiswillcauseallexceptwhich?

limitspecializationandthedivisionoflabor

reducethevolumeoftradeandthegainsfromtrade

causenationstoproduceinsidetheirproductionpossibilitiescurves

mayresultinacountryproducingsomeoftheproductofitscomparativedisadvantage

13）

IfaverysmallcountrytradeswithaverylargecountryaccordingtotheRicardianmodel,then

thesmallcountrywillsufferadecreaseineconomicwelfare.

thelargecountrywillsufferadecreaseineconomicwelfare.

thesmallcountryonlywillenjoygainsfromtrade.

thelargecountrywillenjoygainsfromtrade.

14）

IftheworldtermsoftradeforacountryaresomewherebetweenthedomesticcostratioofHandthatofF,then

countryHbutnotcountryFwillgainfromtrade.

countryHandcountryFwillbothgainfromtrade.

neitherco