國際經(jīng)濟學(xué)英文版選擇題匯總版附答案(20210411102411)

1、國際經(jīng)濟學(xué)選擇題匯總版(附答案)Ch1-Ch31. The United States is less dependent on trade than most other countries becauseA) the Un ited States is a relatively large country with diverse resources.B) the United States is a K Superpower. ”C) the military power of the Un ited States makes it less depe ndent on anything

2、.D) the Un ited States in vests in many other coun tries.E) many coun tries in vest in the Un ited States.2. Because the Con stituti on forbids restra ints on in terstate 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 th

3、e $ U.S.C) the U.S. may not put restraints on foreign investments in California if it involves a financial in termediary 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

4、 sub-fieldsA) macro and micro.B) developed and less developed.C) mon etary and barter.D) intern ati on al trade and intern ati onal mon ey.E) static and dyn amic.4. I nternatio nal mon etary an alysis focuses onA) the real side of the international economy.B) the intern ati on al trade side of the i

5、ntern ati onal economy.C) the international investment side of the international economy.D) the issues of intern ati onal cooperati on betwee n Cen tral Ban ks.E) the mon etary side of the in tern ati onal econo my, such as curre ncy excha n ge.5. The gravity model offers a logical explanation for t

6、he fact thatA) trade betwee n Asia and the U.S. has grow n faster tha n NAFTA trade.B) trade in services has grow n faster tha n trade in goods.C) trade in manu factures has grow n faster tha n in agricultural products.D) In traEuropea n Union trade exceeds intern ati onal trade by the Europea n Uni

7、on.E) the U.S. trades more with Wester n Europe tha n it does with Can ada.6. The gravity model expla ins whyA) trade betwee n Swede n and Germa ny exceeds that betwee n Swede n and Spain.B) co un tries with oil reserves tend to export oil.C) capital rich coun tries export capital inten sive product

8、s.D) in tra-i ndustry trade is relatively more imports nt tha n other forms of trade betwee n n eighbori ng coun tries.E) Europea n coun tries rely most ofte n on n atural resources.7. Why does the gravity model work?A) Large econo mies became large because they were en gaged in intern ati onal trad

9、e.B) Large econo mies have relatively large in comes, and hence spe nd more on gover nment promoti on of trade and in vestme nt.C) Large econo mies have relatively larger areas which raises the probability that a productive activity will take place withi n the borders of that coun try.D) Large econo

10、 mies tend to have large in comes and tend to spe nd more on imports.E) Large economies tend to avoid trading with small economies.8. We see that the Netherlands, Belgium, and Ireland trade considerably more with the UnitedStates tha n with many other coun tries.A) This is explained by the gravity m

11、odel, since these are all large countries.B) This is explained by the gravity model, since these are all small countries.C) This fails to be con siste nt with the gravity model, since these are small coun tries.D) This fails to be con sistent with the gravity model, since these are large coun tries.

12、E) This is expla ined by the gravity model, si nee they do not share borders.9. In the prese nt, most of the exports from China areA) manu factured goods.B) services.C) primary products including agricultural.D) tech no logy inten sive products.E) overpriced by world market sta ndards.10. A country

13、engaging in trade according to the principles of comparative advantage gains from trade because itA) is produci ng exports in directly more efficie ntly tha n it could alter natively.B) is produci ng imports in directly more efficie ntly tha n it could domestically.C) is produci ng exports using few

14、er labor un its.D) is produci ng imports in directly using fewer labor un its.E) is produci ng exports while outsourci ng services.11 The Ricardian model attributes the gains from trade associated with the principle of comparative adva ntage result toA) differe nces in tech no logy.B) differe nces i

15、n prefere nces.C) differe nces in labor productivity.D) differe nces in resourcesE) gravity relati on ships among coun tries.12. A nation engaging in trade according to the Ricardian model will find its consumptionbun dieA) in side its product ion possibilities fron tier.B) on its product ion possib

16、ilities fron tier.C) outside its product ion possibilities fron tier.D) in side its trade-part ners product ion possibilities fron tier.E) on its trade-part ners producti on possibilities fron tier.13. Assume that labor is the only factor of product ion and that wages in the Un ited States equal $20

17、 per hour while wages in Japa n are $10 per hour. Producti on costs would be lower in the United States as compared to Japan ifA) U.S. labor productivity equaled 40 un its per hour and Japa ns 15 un its per hour.B) U.S. labor productivity equaled 30 un its per hour and Japa ns 20 un itsper hour.C) U

18、.S. labor productivity equaled 20 units per hour and Japanfs 30 units per hour.D) U.S. labor productivity equaled 15 units per hour and Japanfs 25 unitsper hour.E) U.S. labor productivity equaled 15 un its per hour and Japa ns 40 un itsper hour.14. In a two-co un try, two-product world, the state me

19、 ntK Germa ny enjoys a comparativeadva ntage over France in autos relative to ships” is equivale nt toA) France havi ng a comparative adva ntage over Germa ny in ships.B) France havi ng a comparative disadva ntage compared to Germa ny in autos and ships.C) Germa ny havi ng a comparative adva ntage o

20、ver France in autos and ships.D) France havi ng no comparative adva ntage over Germa ny.E) France should produce autos.15. If the United States1 production possibility frontier was flatter to the widget axis, whereas Germa nys was flatter to the butter axis, we know thatA) the Un ited States has no

21、comparative adva ntageB) Germa ny has a comparative adva ntage in butter.C) the U.S. has a comparative advantage in butter.D) Germa ny has comparative adva ntages in both products.E) the U.S. has a comparative disadvantage in widgets.Ch4-Ch51. The Ricardia n model of intern ati on al trade dem on st

22、rates that trade can be mutually ben eficial. Why, the n, do gover nments restrict imports of some goods?A) Trade can have substa ntial effects on a coun tr/s distributi on of in come.B) The Ricardia n model is ofte n in correct in its predictio n that trade can be mutually ben eficial.C) Import res

23、trict ions are the result of trade wars betwee n hostile coun tries.D) Imports are on ly restricted whe n foreig made goods do n ot meet domestic sta ndards of quality.E) Restrict ions on imports are inten ded to ben efit domestic con sumers.2. Japa ns trade policies with regard to rice reflect the

24、fact thatA) japa nese rice farmers have sig ni fica nt political power.B) Japa n has a comparative adva ntage in rice product ion and therefore exports most of its ricecrop.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

25、 Japa n captures by en gagi ng in free trade in rice.E) Japa n imports most of the rice con sumed in the coun try.3. In the specific factors model, which of the follow ing is treated as a specific factor?A) LaborB) LandC) ClothD) FoodE) Tech no logy4. The specific factors model assumes that there ar

26、egoods andfactor(s)of product ion.A) two; threeB) two; twoC) two; oneD) three; twoE) four; three5. The slope of a coun trys product ion possibility fron tier with cloth measured on thehorizontal and food measured on the vertical axis in the specific factors model is equal to and it as more cloth is

27、produced.A) -MPLF/MPLC; becomes steeperB) -MPLF/MPLC; becomes flatterC) -MPLF/MPLC; is con sta ntD) -MPLC/MPLF; becomes steeperE) -MPLC/MPLF; is con sta nt6. Under perfect competition, the equilibrium price of labor used to produce cloth will beequal toA) the slope of the product ion possibility fro

28、n tier.B) the average product of labor in the production of cloth times the price of cloth.C) the ratio of the marginal product of labor in the producti on of cloth to the marginal product of labor in the product ion of food times the ratio of the price of cloth, to the price of food.D) the marginal

29、 product of labor in the product ion of cloth times the price of cloth.E) the price of cloth divided by the marginal product of labor in the product ion of cloth.7. I n the specific factors model, which of the followi ng will in crease the qua ntity of labor usedin cloth product ion?A) an in crease

30、in the price of cloth relative to that of foodB) an in crease in the price of food relative to that of clothC) a decrease in the price of laborD) an equal perce ntage decrease in the price of food and clothE) an equal perce ntage in crease in the price of food and cloth8. A country that does not en

31、gage in trade can ben efit from trade only ifA) it has an absolute adva ntage in at least one good.B) it employs a unique tech no logy.C) pretrade and free-trade relative prices are not ide ntical.D) its wage rate is below the world average.E) pre-trade and free-trade relative prices are ide ntical.

32、9. In the specific factors model, the effects of trade on welfare arefor mobilefactors,for fixed factors used to produce the exported good, andforfixed factors used to produce the imported good.A) ambiguous; positive; n egativeB) ambiguous; n egative; positiveC) positive; ambiguous; ambiguousD) n eg

33、ative; ambiguous; ambiguousE) positive; positive; positive10. The effect of trade on specialized employees of import-competi ng in dustries will bejobs andpay because they are relatively.A) fewer; lower; mobileB) fewer; lower; immobileC) more; lower; immobileD) more; higher; mobileE) more; higher; i

34、mmobile11 There is a bias in the political process aga inst free trade becauseA) there is a high correlati on betwee n the volume of imports and the un employme nt rate.B) the gains from free trade cannot be measured.C) those who gain from free trade cant compe nsate those who lose.D) fore ign gover

35、 nments make large donatio ns to U.S. political campaig ns.E) those who lose from free trade are better orga ni zed tha n those who gain 12n the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ inA) tastes and pref ere n ces.B) military capabilities.C) the size of their econo mies.D)

36、 relative abundance of factors of product ion.E) labor productivities.13. If a country produces good Y (measured on the vertical axis) and good X (measured on the horiz on tai axis), the n the absolute value of the slope of its product ion possibility fron tier is equal toA) the opport unity cost of

37、 good X.B) the price of good X divided by the price of good YC) the price of good X divided by the price of good YD) the opport unity cost of good Y .E) the cost of capital (assu ming that good Y is capital inter) sive) divided by the cost of labor.14. In the 2-factor, 2 good Heckscher-Ohli n model,

38、 trade willthe owners of acoun trysfactor and willthe good that uses that factor inten sively.A) be nefit; abundant; exportB) harm; abundant; importC) ben efit; scarce; exportD) ben efit; scarce; importE) harm; scarce; export15. The assumpti on of diminishing retur ns in the Heckscher-Ohli n model m

39、eans that, un like in the Ricardian model, it is likely thatA) coun tries will con sume outside their product ion possibility fron tier.B) coun tries will ben efit from free intern ati onal trade.C) coun tries will not be fully specialized in one product.D) comparative adva ntage will not determ ine

40、 the direct ion of trade.E) global producti on will decrease un der trade.16f Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land inten sive the n trade betwee n these two, formerly autarkic coun tries will result inA) a n in crease in the r

41、elative price of food in the U.S.B) an in crease in the relative price of food in Japa n.C) a global in crease in the relative price of foodD) a decrease in the relative price of food in both coun tries.E) an in crease in the relative price of food in both coun tries.17. Starting from an autarky (no

42、trade) situation with Heckscher-Ohlin model, if Country H is relatively labor abundant, the n once trade begi nsA) rent will be un cha nged 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

43、 rise and rents should fall in H.18. The Leo ntieff ParadoxA) failed to support the validity of the Heckscher-Ohlin model.B) supported the validity of the Ricardia n theory of comparative adva ntage.C) supported the validity of the Heckscher-Ohlin model.D) failed to support the validity of the Ricar

44、dia n theory.E) proved that the U.S. economy is differe nt from all others.19. Which of the following is an assertion of the Heckscher-Ohlin model?A) Factor price equalization will occur only if there is costless mobility of all factors across borders.B) An in crease in a coun trys labor supply will

45、 in crease product ion of both the capital-inten sive and the labor- inten sive good.C) In the long-run, labor is mobile and capital is not.D) The wage-rental ratio determines the capital-labor ratio in a countrys industries.E) Factor en dowme nts determ ine the tech no logy that is available to a c

46、oun try, which determ ines the good in which the country will have a comparative adva ntage.20. Which of the following is an assertion of the Heckscher-Ohlin model?A) An in crease in a coun trys labor supply will in crease product ion of the labor- inten sive good and decrease product ion of the cap

47、ital-inten sive goodB) An in crease in a coun trys labor supply will in crease product ion of both the capital-inten sive and the labor- inten sive good.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 ac

48、ross borders.E) Factor en dowme nts determ ine the tech no logy that is available to a coun try, which determ ines the good in which the country will have a comparative adva ntage.Ch6-Ch101f the ratio of price of cloth (PC) divided by the price of food (PF) in creases in the international marketplac

49、e, thenA) the terms of trade of cloth exporters will improveB) all coun tries would be better off.C) the terms of trade of food exporters will improve.D) the terms of trade of all coun tries will improve.E) the terms of trade of cloth exporters will worse n.2f the ratio of price of cloth (PC) divide

50、d by the price of food (PF) in creases in the international marketplace, thenA) world relative qua ntity of cloth supplied will in crease.B) world relative qua ntity of cloth supplied and dema nded will in crease.C) world relative quantity of cloth supplied and demanded will decrease.D) world relati

51、ve quantity of cloth demanded will decrease.E) world relative qua ntity of food will in crease.3.lf the U.S. (a large coun try) imposes a tariff on its imported good, this will tend toA) have no effect on terms of trade.B) improve the terms of trade of the Un ited States.C) improve the terms of trad

52、e of all coun tries.D) because a deterioration of U.S. terms of trade.E) raise the world price of the good imported by the Un ited States.4.lf Slovenia were a large country in world trade, the n if it i nstituted a large set of subsidies for its exports, this mustA) decrease its marginal prope nsity

53、 to con sume.B) have no effect on its terms of trade.C) improve its terms of trade.D) harm its terms of trade.E) harm world terms of trade.5nternal econo mies of scale arise whe n the cost per un itA) falls as the average firm grows larger.B) rises as the in dustry grows larger.C) falls as the in du

54、stry grows larger.D) rises as the average firm grows larger.E) rema ins con sta nt over a broad range of output.6. Exter nal econo mies of scale willaverage cost whe n output isbyA) reduce; in creased; the in dustryB) reduce; in creased; a firmC) in crease; in creased; a firmD) in crease; in creased

55、; the in dustryE) reduce; reduce; the in dustry7. If some in dustries exhibit internal in creas ing retur ns to scale in each coun try, we should not expect to seeA) perfect competiti on in these in dustries.B) in tra-i ndustry trade betwee n coun tries.C) inter-in dustry trade betwee n coun tries.D

56、) high levels of specialization in both countries.E) in creased productivity in both coun tries.8. A lear ning curve relatestoand is a case ofreturns.A) un it cost; cumulative product ion; dyn amic decreas ing retur nsB) output per time period; I on g-run marginal cost; dyn amic in creasi ng returns

57、C) unit cost; cumulative product ion; dyn amic in creas ing retur nsD) output per time period; long-run marginal cost; dynamic decreasing returnsE) labor productivity; educati on; in creas ing marg inal retur ns9. Patter ns of in terregi onal trade are primarily determ ined byrather tha nbecause factors of producti on are gen erally.A) exter nal econo mies; n atural resources; mobileB) internal econo mies; exter nal econo mies; mobileC) exter nal econo mies; populati on; immobileD) internal economies; population; immobileE) populati on; exter nal econo mies; immobile1