中南財大 國際經(jīng)濟學--雙語期末試卷

1、中南財經(jīng)政法大學學年第中南財經(jīng)政法大學學年第- -學期期末考試試卷學期期末考試試卷國際經(jīng)濟學（閉卷）國際經(jīng)濟學（閉卷）卷卷學院專業(yè)年級班級課堂號姓名一二三四五六總 分得分評卷人一、一、multiple choice questionsmultiple choice questions（單選，共（單選，共 2020題，每題題，每題 2 2分）分）1, under ricardian model, if one countrys wage level is very high relative to theothers (the relative wage exceeding the relati

2、ve productivity ratios), then ()a. it is not possible that producers in each will find export markets profitable.b. it is not possible that consumers in both countries will enhance their respectivewelfares through imports.c. it is not possible that both countries will find gains from trade.d. it is

3、possible that both will enjoy the conventional gains from trade.2, according to ricardo, a country will have a comparative advantage in the productin which its()a. labor productivity is relatively low.b. labor productivity is relatively high.c. labor mobility is relatively low.d. labor mobility is r

4、elatively high.3, if australia has more land per worker, and belgium has more capital per worker,then if trade were to open up between these two countries,()a. australia would export the land-intensive product.b. belgium would import the capital-intensive product.c. both countries would export some

5、of each product.d. trade would not continue since belgium is a smaller country.4, under the specific factors model, at the production point the productionpossibility frontier is tangent to a line whose slope is()a. the price of manufactures.b. the relative wage.c. the real wage.d. the relative price

6、 of manufactures.5, the heckscher-ohlin model predicts all of the following except:a. which country will export which product.()b. which factor of production within each country will gain from trade.c. the volume of trade.d. that wages will tend to become equal in both trading countries.6, if pc / p

7、fwere to increase in the international marketplace, then()a. all countries would be better off.b. the terms of trade of cloth exporters improve.c. the terms of trade of food exporters improve.d. the terms of trade of all countries improve.7, when the production possibility frontier shifts out relati

8、vely more in one direction,we have()a. biased growth.b. unbiased growth.c. immiserizing growth.d. balanced growth.8, if slovenia were a large country in world trade, then if it instituted a large set ofsubsidies for its exports, this must()a. cause retaliation on the part of its trade partners.b. ha

9、rm slovenias real income.c. improve slovenias real income.d. improve the real income of its trade partners.9, a lower tariff on imported steel would most likely benefit()a. foreign producers at the expense of domestic consumers.b. domestic manufacturers of steel.c. domestic consumers of steel.d. wor

10、kers in the steel industry.10, if the poor aid(aid of international development) recipient countries have ahigher marginal propensity to consume each and every product than does the unitedstates, then such aid will()a. worsen the u.s. terms of trade.b. improve the u.s. terms of trade.c. leave the wo

11、rld terms of trade unaffected.d. worsen the terms of trade of both donor and recipient countries.11, a large country experiencing import-biased economic growth will tend toexperience()a. no change in terms of trade.b. deteriorating terms of trade.c. improving terms of trade.d. immiserizing terms of

12、trade.12, the most common form of price discrimination in international trade is()a. non-tariff barriers.b. voluntary export restraints.c. dumping.d. preferential trade arrangements.13, an appreciation of a countrys currency()a.decreases the relative price of its exports and lowers the relative pric

13、e ofits imports.b.raises the relative price of its exports and raises the relative price of itsimports.c.lowers the relative price of its exports and raises the relative price of itsimports.d.raises the relative price of its exports and lowers the relative price of itsimports.14, under purchasing po

14、wer parity,()a. e$/e = pius/ pie.b. e$/e = pie / pius.c. e$/e = pus / pe.d. e$/e = pe / pus.15, under the monetary approach to the exchange rate,()a.a reduction in the money supply will cause immediate currencydepreciation.b.a rise in the money supply will have no effect on exchange rate.c.a rise in

15、 the money supply will cause immediate currency appreciation.d.a rise in the money supply will cause a proportional long-run currencydepreciation.16, when ep*/p rises,()a. im will rise.b. im may rise or fall.c. im will fall.d. im is not affected.17, in the short run, a temporary increase in fiscal p

16、olicy causes()a. a shift of the dd curve to the left, an increase in output, andcurrency appreciation.b. a shift of the dd curve to the right, an increase in output, andcurrency appreciation.c. a shift of the dd curve to the right, an increase in output, andcurrency depreciation.d. a shift of the dd

17、 curve to the left, a decrease in output, andcurrency depreciation.18, how does a rise in real income affect aggregate demand?()a. y ydim caad, but y yd c ad by more.b. y ydim caad, but y yd c ad by more.c. y ydim caad, and y yd c ad.d. y ydim caad, but y yd c ad by less.19, under fixed rates, which

18、 one of the following statements is the most accurate? ()a.monetary policy can affect only output.b.monetary policy can affect only employment.c.monetary policy can affect only international reserves.d.monetary policy can not affect international reserves.20, under fixed exchange rate, which one of

19、the following statements is the mostaccurate?()a.devaluation causes a rise in output.devaluation causes a decrease in output.devaluation has no effect on output.devaluation causes a rise in output and a decrease in official reserves.得分評卷人二，simple questions(共共 5 5 題，每題題，每題 6 6分分)1,an economy can prod

20、uce goods a using labor and capital and goods b using laborand land. calculate the effects of the fall in the relative price of goods b on theincome of the specific factors capital and land.2, suppose that one country subsidizes its exports and the other country imposesa countervailing tariff that o

21、ffsets its effect, so that in the end relative price in thesecond country are unchanged. what happens to the terms of trade? what aboutwelfare in the two countries?3, describe the pattern of trade under h-o model.4, international trade leads to complete equalization of factor prices. discuss.b.c.d.5

22、, 5, what is the fisher effect? provide an example.6,suppose e is fixed ate0 and that the asset markets are in equilibrium.suddenly output rises. what monetary measures keep the current exchange rateconstant given unchanged expectations about the future rate?得分評卷人三三quantitative/graphing problemsquan

23、titative/graphing problems（共（共 1 1題，題，1010分）分）a small country imports peanuts at the price of $10 per bag. the demand curve isd=400-10p. the supply curve is s=50+5pdetermine the free trade equilibrium. then calculate and graph the following effects:a: the increase in the domestic priceb: the quota r

24、entsc: the consumption distortion lossd: the production distortion loss.得分評卷人四四essay questionsessay questions（共共 2 2題，題，每題每題 1010 分）分）1,comparing the interindustry trade and intraindustry trade.2, construct a table that will summarize the effects of money market and outputmarket changes on the long-

25、run nominal dollar/ euro exchange rate.中南財經(jīng)政法大學中南財經(jīng)政法大學-學年第學年第-學期期末學期期末考試答案和評分標準考試答案和評分標準課程名稱： 國際經(jīng)濟學 （）卷）卷課程代號：_02013020_考試形式：閉卷使用對象：一選擇題（每題一選擇題（每題 2 2分）分）題1234567891011121314151617181920號答dbadcbadcb案ccdcdbbaca二簡答題（每題二簡答題（每題 5 5分）分）1,because good b uses land, a fall in its relative price will result

26、 in a fall in rentalrates on land, and an increase in the return to capital.2,the first country is worse off by subsidy and a foreign tariff while the secondone is better off by subsidy in the first one and its own tariff.3, countries tend to export goods whose production is intensive in factors wit

27、hwhich they are abundantly endowed.4,this statement is typically truebut.under a strict and limited set ofassumptions, such as the original heckscher-ohlin model which excludes countryspecific technologies; non- homothetic tastes; factor intensity reversals; large countrydifferences in (relative) fa

28、ctor abundances, and more factors than goods, then it maybe demonstrated that internal consistency demands that the above stated sentence istrue.however, the minute one relaxes any of the above listed assumptions onemay easily identify solutions, which contradict the factor price equalization theore

29、m.5, all else equal, a rise in a countrys expected inflation rate will eventuallycause an equal rise in the interest rate that deposits of its currency offer.similarly, afall in the expected inflation rate will eventually cause a fall in the interest rate.6, since output rises, demand for domestic m

30、oney rises; this increase in moneydemand normally pushes the domestic interest rate upwards. to prevent appreciationof home currency (given e0is expected) the central bank buys foreign assets inforeign exchange market.this eliminates excess demand for domestic money because the central bank issuesmoney to pay for the foreign assets it buys.the bank inc