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(完整word版)《国际经济学(英文版)》选择题汇总版(附答案).doc

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(完整word版)《国际经济学(英文版)》选择题汇总版(附答案).doc

1、国际经济学选择题汇总版(附答案)Ch1-Ch31.The United States is less dependent on trade than most other countries because A) the United States is a relatively large country with diverse resources. B) the United States is a “Superpower.” C)the military power of the United States makes it less dependent on anything. D)

2、 the United States invests in many other countries. E) many countries invest in the United States. 2. Because the Constitution forbids restraints on interstate trade, A) the U.S. may not impose tariffs on imports from NAFTA countries. B) the U.S. may not affect the international value of the $ U.S.

3、C) the U.S. may not put restraints on foreign investments in California if it involves a financial intermediary in New York State. D) the U.S. may not impose export duties. E) the U.S. may not disrupt commerce between Florida and Hawaii. 3. International economics can be divided into two broad sub-f

4、ields A) macro and micro. B) developed and less developed. C) monetary and barter. D) international trade and international money. E) static and dynamic. 4. International monetary analysis focuses on A) the real side of the international economy. B) the international trade side of the international

5、economy. C) the international investment side of the international economy. D) the issues of international cooperation between Central Banks. E) the monetary side of the international economy, such as currency exchange. 5. The gravity model offers a logical explanation for the fact that A)trade betw

6、een Asia and the U.S. has grown faster than NAFTA trade. B) trade in services has grown faster than trade in goods. C) trade in manufactures has grown faster than in agricultural products. D) Intra-European Union trade exceeds international trade by the European Union. E) the U.S. trades more with W

7、estern Europe than it does with Canada. 6. The gravity model explains why A)trade between Sweden and Germany exceeds that between Sweden and Spain. B)countries with oil reserves tend to export oil. C)capital rich countries export capital intensive products. D) intra-industry trade is relatively more

8、 important than other forms of trade between neighboring countries. E) European countries rely most often on natural resources. 7. Why does the gravity model work? A) Large economies became large because they were engaged in international trade. B) Large economies have relatively large incomes, and

9、hence spend more on government promotion of trade and investment. C) Large economies have relatively larger areas which raises the probability that a productive activity will take place within the borders of that country. D) Large economies tend to have large incomes and tend to spend more on import

10、s.E) Large economies tend to avoid trading with small economies. 8. We see that the Netherlands, Belgium, and Ireland trade considerably more with the United States than with many other countries.A) This is explained by the gravity model, since these are all large countries. B) This is explained by

11、the gravity model, since these are all small countries. C) This fails to be consistent with the gravity model, since these are small countries.D)This fails to be consistent with the gravity model, since these are large countries. E)This is explained by the gravity model, since they do not share bord

12、ers. 9. In the present, most of the exports from China areA) manufactured goods. B) services. C)primary products including agricultural. D) technology intensive products. E) overpriced by world market standards. 10. A country engaging in trade according to the principles of comparative advantage gai

13、ns from trade because it A) is producing exports indirectly more efficiently than it could alternatively. B) is producing imports indirectly more efficiently than it could domestically. C) is producing exports using fewer labor units. D) is producing imports indirectly using fewer labor units. E) is

14、 producing exports while outsourcing services. 11. The Ricardian model attributes the gains from trade associated with the principle of comparative advantage result to A) differences in technology. B) differences in preferences. C)differences in labor productivity. D) differences in resources. E) gr

15、avity relationships among countries. 12. A nation engaging in trade according to the Ricardian model will find its consumption bundle A) inside its production possibilities frontier. B)on its production possibilities frontier. C)outside its production possibilities frontier. D) inside its trade-part

16、ners production possibilities frontier. E)on its trade-partners production possibilities frontier. 13. Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would be lower in the United States

17、 as compared to Japan if A) U.S. labor productivity equaled 40 units per hour and Japans 15 units per hour. B) U.S. labor productivity equaled 30 units per hour and Japans 20 units per hour. C) U.S. labor productivity equaled 20 units per hour and Japans 30 units per hour. D) U.S. labor productivity

18、 equaled 15 units per hour and Japans 25 units per hour. E) U.S. labor productivity equaled 15 units per hour and Japans 40 units per hour. 14. In a two-country, two-product world, the statement “Germany enjoys a comparative advantage over France in autos relative to ships” is equivalent to A) Franc

19、e having a comparative advantage over Germany in ships. B) France having a comparative disadvantage compared to Germany in autos and ships. C) Germany having a comparative advantage over France in autos and ships. D) France having no comparative advantage over Germany. E) France should produce autos

20、. 15. If the United States production possibility frontier was flatter to the widget axis, whereas Germanys was flatter to the butter axis, we know that A) the United States has no comparative advantage B) Germany has a comparative advantage in butter. C) the U.S. has a comparative advantage in butt

21、er. D) Germany has comparative advantages in both products. E) the U.S. has a comparative disadvantage in widgets. Ch4-Ch51.The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods? A)Trade can have substa

22、ntial effects on a countrys distribution of income. B) The Ricardian model is often incorrect in its prediction that trade can be mutually beneficial. C) Import restrictions are the result of trade wars between hostile countries. D) Imports are only restricted when foreign-made goods do not meet dom

23、estic standards of quality. E) Restrictions on imports are intended to benefit domestic consumers. 2. Japans trade policies with regard to rice reflect the fact that A) japanese rice farmers have significant political power. B) Japan has a comparative advantage in rice production and therefore expor

24、ts most of its rice crop. C) there would be no gains from trade available to Japan if it engaged in free trade in rice. D) there are gains from trade that Japan captures by engaging in free trade in rice. E) Japan imports most of the rice consumed in the country. 3. In the specific factors model, wh

25、ich of the following is treated as a specific factor? A)LaborB) LandC) Cloth D) Food E) Technology 4. The specific factors model assumes that there are _ goods and _ factor(s) of production. A) two; three B) two; two C) two; one D) three; two E) four; three 5. The slope of a countrys production poss

26、ibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to _ and it _ as more cloth is produced. A) -MPLF/MPLC; becomes steeper B) -MPLF/MPLC; becomes flatter C) -MPLF/MPLC; is constant D) -MPLC/MPLF; becomes steeper E) -MP

27、LC/MPLF; is constant 6. Under perfect competition, the equilibrium price of labor used to produce cloth will be equal to A)the slope of the production possibility frontier. B) the average product of labor in the production of cloth times the price of cloth. C) the ratio of the marginal product of la

28、bor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth. to the price of food. D) the marginal product of labor in the production of cloth times the price of cloth. E) the price of cloth divided by the marginal product of labor

29、in the production of cloth. 7. In the specific factors model, which of the following will increase the quantity of labor used in cloth production? A)an increase in the price of cloth relative to that of food B) an increase in the price of food relative to that of cloth C) a decrease in the price of

30、labor D) an equal percentage decrease in the price of food and cloth E) an equal percentage increase in the price of food and cloth 8. A country that does not engage in trade can benefit from trade only if A)it has an absolute advantage in at least one good.B) it employs a unique technology. C) pre-

31、trade and free-trade relative prices are not identical. D) its wage rate is below the world average. E) pre-trade and free-trade relative prices are identical. 9. In the specific factors model, the effects of trade on welfare are _ for mobile factors, _ for fixed factors used to produce the exported

32、 good, and _ for fixed factors used to produce the imported good. A)ambiguous; positive; negative B) ambiguous; negative; positive C) positive; ambiguous; ambiguous D) negative; ambiguous; ambiguous E) positive; positive; positive 10.The effect of trade on specialized employees of import-competing i

33、ndustries will be _ jobs and _ pay because they are relatively _. A)fewer; lower; mobile B) fewer; lower; immobile C) more; lower; immobile D) more; higher; mobile E) more; higher; immobile 11. There is a bias in the political process against free trade because A)there is a high correlation between

34、the volume of imports and the unemployment rate. B) the gains from free trade cannot be measured. C) those who gain from free trade cant compensate those who lose. D) foreign governments make large donations to U.S. political campaigns. E) those who lose from free trade are better organized than tho

35、se who gain. 12.In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in A)tastes and preferences. B) military capabilities. C) the size of their economies. D) relative abundance of factors of production. E) labor productivities. 13. If a country produces good Y (measured on the ve

36、rtical axis) and good X (measured on the horizontal axis), then the absolute value of the slope of its production possibility frontier is equal to A)the opportunity cost of good X. B) the price of good X divided by the price of good Y. C) the price of good X divided by the price of good Y. D) the op

37、portunity cost of good Y. E) the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor. 14. In the 2-factor, 2 good Heckscher-Ohlin model, trade will _ the owners of a countrys _ factor and will _ the good that uses that factor intensively. A)benefit; abundant; exp

38、ort B)harm; abundant; import C) benefit; scarce; export D) benefit; scarce; import E) harm; scarce; export 15. The assumption of diminishing returns in the Heckscher-Ohlin model means that, unlike in the Ricardian model, it is likely that A) countries will consume outside their production possibilit

39、y frontier. B) countries will benefit from free international trade. C) countries will not be fully specialized in one product. D) comparative advantage will not determine the direction of trade. E) global production will decrease under trade. 16.If Japan is relatively capital rich and the United St

40、ates is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic countries will result in A)an increase in the relative price of food in the U.S. B) an increase in the relative price of food in Japan. C) a global increase in the relative price of

41、 food. D) a decrease in the relative price of food in both countries. E) an increase in the relative price of food in both countries. 17. Starting from an autarky (no-trade) situation with Heckscher-Ohlin model, if Country H is relatively labor abundant, then once trade begins A) rent will be unchan

42、ged but wages will rise in H. B) wages and rents should rise in H. C) wages and rents should fall in H. D) wages should fall and rents should rise in H. E) wages should rise and rents should fall in H. 18.The Leontieff Paradox A) failed to support the validity of the Heckscher-Ohlin model. B) suppor

43、ted the validity of the Ricardian theory of comparative advantage. C) supported the validity of the Heckscher-Ohlin model. D) failed to support the validity of the Ricardian theory. E) proved that the U.S. economy is different from all others. 19. Which of the following is an assertion of the Hecksc

44、her-Ohlin model? A) Factor price equalization will occur only if there is costless mobility of all factors across borders. B) An increase in a countrys labor supply will increase production of both the capital-intensive and the labor-intensive good. C) In the long-run, labor is mobile and capital is

45、 not. D) The wage-rental ratio determines the capital-labor ratio in a countrys industries. E) Factor endowments determine the technology that is available to a country, which determines the good in which the country will have a comparative advantage. 20. Which of the following is an assertion of th

46、e Heckscher-Ohlin model? A) An increase in a countrys labor supply will increase production of the labor-intensive good and decrease production of the capital-intensive good. B) An increase in a countrys labor supply will increase production of both the capital-intensive and the labor-intensive good

47、. C) In the long-run, labor is mobile and capital is not. D) Factor price equalization will occur only if there is costless mobility of all factors across borders. E) Factor endowments determine the technology that is available to a country, which determines the good in which the country will have a comparative advantage. Ch6-Ch10 1.If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then A) the terms of trade of cloth exporters will improve. B) all co


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