國際經(jīng)濟學(xué)選擇題題庫(有答案)

Multiple-ChoiceQuestionsCh.2

1.TheMercantilistsdidnotadvocate:3

a.freetrade

b.stimulatingthenation'sexports

c.restrictingthenations'imports

d.theaccumulationofgoldbythenation

2.AccordingtoAdamSmith,internationaltradewasbasedon:3

a.absoluteadvantage

b.comparativeadvantage

c.bothabsoluteandcomparativeadvantage

d.neitherabsolutenorcomparativeadvantage

3.Whatproportionofinternationaltradeisbasedonabsoluteadvantage?C.

a.All

b.most

c.some

d.none

4.Thecommodityinwhichthenationhasthesmallestabsolutedisadvantageisthe

commodityofits:d

a.absolutedisadvantage

b.absoluteadvantage

c.comparativedisadvantage

d.comparativeadvantage

5.Ifinatwo-nation(AandB),two-commodity(XandY)world,itisestablishedthat

nationd

AhasacomparativeadvantageincommodityX,thennationBmusthave:

a.anabsoluteadvantageincommodityY

b.anabsolutedisadvantageincommodityY

c.acomparativedisadvantageincommodityY

d.acomparativeadvantageincommodityY

6.IfwithonehouroflabortimenationAcanproduceeither3Xor3YwhilenationB

canproduceeitherIXor3Y(andlaboristheonlyinput):C

a.nationAhasacomparativedisadvantageincommodityX

b.nationBhasacomparativedisadvantageincommodityY

c.nationAhasacomparativeadvantageincommodityX

d.nationAhasacomparativeadvantageinneithercommodity

7.WithreferencetothestatementinQuestion6:Cl

a.Px/Py=linnationA

b.Px/Py=3innationB

c.Py/Px=l/3innationB

d.alloftheabove

8.WithreferencetothestatementinQuestion6,if3Xisexchangedfor3Y:上

a.nationAgains2X

b.nationBgains6Y

c.nationAgains3Y

d.nationBgains3Y

9.WithreferencetothestatementofQuestion6,therangeofmutuallybeneficialtrade

betweennationAandBis:.C

a.3Y<3X<5Y

b.5Y<3X<9Y

c.3Y<3X<9Y

d.1Y<3X<3Y

10.Ifdomestically3X=3YinnationA,while1X=1YdomesticallyinnationB:d..

a.therewillbenotradebetweenthetwonations

b.therelativepriceofXisthesameinbothnations

c.therelativepriceofYisthesameinbothnations

d.alloftheabove

11.Ricardoexplainedthelawofcomparativeadvantageonthebasisof:a.

a.thelabortheoryofvalue

b.theopportunitycosttheory

c.thelawofdiminishingreturns

d.alloftheabove

12.Whichofthefollowingstatementsistrue?d.

a.Thecombineddemandforeachcommoditybythetwonationsisnegatively

sloped

b.thecombinedsupplyforeachcommoditybythetwonationsisrising

stepwise

c.theequilibriumrelativecommoditypriceforeachcommoditywithtradeisgiven

bythe

intersectionofthedemandandsupplyofeachcommoditybythetwonations

d.alloftheabove

13.Adifferenceinrelativecommoditypricesbetweentwonationscanbebasedupon

a

differencein:d.

a.factorendowments

b.technology

c.tastes

d.alloftheabove

14.Inthetradebetweenasmallandalargenation:1)

a.thelargenationislikelytoreceiveallofthegainsfromtrade

b.thesmallnationislikelytoreceiveallofthegainsfromtrade

c.thegainsfromtradearelikelytobeequallyshared

d.wecannotsay

15.TheRicardiantrademodelhasbeenempiricallyH.

a.verified

b.rejected

c.nottested

d.testedbuttheresultswereinconclusive

Multiple-ChoiceQuestionsCh.3

1.Aproductionfrontierthatisconcavefromtheoriginindicatesthatthenationincurs

increasingopportunitycostsintheproductionof:

a.commodityXonly

b.commodityYonly

c.bothcommodities

d.neithercommodity

2.Themarginalrateoftransformation(MRT)ofXforYrefersto:

a.theamountofYthatanationmustgiveuptoproduceeachadditionalunitof

X

b.theopportunitycostofX

c.theabsoluteslopeoftheproductionfrontieratthepointofproduction

d.alloftheabove

3.Whichofthefollowingisnotareasonforincreasingopportunitycosts:

a.technologydiffersamongnations

b.factorsofproductionarenothomogeneous

c.factorsofproductionarenotusedinthesamefixedproportionintheproduction

ofall

commodities

d.forthenationtoproducemoreofacommodity,itmustuseresourcesthatare

lessand

lesssuitedintheproductionofthecommodity

4.Communityindifferencecurves:

a.arenegativelysloped

b.areconvextotheorigin

c.shouldnotcross

d.alloftheabove

5.Themarginalrateofsubstitution(MRS)ofXforYinconsumptionreferstothe:

a.amountofXthatanationmustgiveupforoneextraunitofYandstillremainon

the

sameindifferencecurve

b.amountofYthatanationmustgiveupforoneextraunitofXandstillremain

onthe

sameindifferencecurve

c.amountofXthatanationmustgiveupforoneextraunitofYtoreachahigher

indifferencecurve

d.amountofYthatanationmustgiveupforoneextraunitofXtoreachahigher

indifferencecurve

6.WhichofthefollowingstatementsistruewithrespecttotheMRSofXforY?

a.Itisgivenbytheabsoluteslopeoftheindifferencecurve

b.declinesasthenationmovesdownanindifferencecurve

c.risesasthenationmovesupanindifferencecurve

d.alloftheabove

7.Whichofthefollowingstatementsaboutcommunityindifferencecurvesistrue?

a.Theyareentirelyunrelatedtoindividuals'communityindifferencecurves

b.theycross,theycannotbeusedintheanalysis

c.theproblemsarisingfromintersectingcommunityindifferencecurvescanbe

overcomebytheapplicationofthecompensationprinciple

d.alloftheabove.

8.Whichofthefollowingisnottrueforanationthatisinequilibriuminisolation?

a.Itconsumesinsideitsproductionfrontier

b.itreachesthehighestindifferencecurvepossiblewithitsproductionfrontier

c.theindifferencecurveistangenttothenation'sproductionfrontier

d.MRTofXforYequalsMRSofXforY,andtheyareequaltoPx/Py

9.IftheinternalPx/Pyislowerinnation1thaninnation2withouttrade:

a.nation1hasacomparativeadvantageincommodityY

b.nation2hasacomparativeadvantageincommodityX

c.nation2hasacomparativeadvantageincommodityY

d.noneoftheabove

10.Nationl'sshareofthegainsfromtradewillbegreater:

a.thegreaterisnationl'sdemandfornation2'sexports

b.thecloserPx/Pywithtradesettlestonation2'spretradePx/Py

c.theweakerisnation2'sdemandfornationl'sexports

d.thecloserPx/Pywithtradesettlestonationl'spretradePx/Py

11.IfPx/PyexceedstheequilibriumrelativePx/Pywithtrade

a.thenationexportingcommodityXwillwanttoexportmoreofXthanat

equilibrium

b.thenationimportingcommodityXwillwanttoimportlessofXthanat

equilibrium

c.Px/PywillfalltowardtheequilibriumPx/Py

d.alloftheabove

12.Withfreetradeunderincreasingcosts:

a.neithernationwillspecializecompletelyinproduction

b.atleastonenationwillconsumeaboveitsproductionfrontier

c.asmallnationwillalwaysgainfromtrade

d.alloftheabove

13.Whichofthefollowingstatementsisfalse?

a.Thegainsfromtradecanbebrokendownintothegainsfromexchangeandthe

gains

fromspecialization

b.gainsfromexchangeresultevenwithoutspecialization

c.gainsfromspecializationresultevenwithoutexchange

d.noneoftheabove

14.Thegainsfromexchangewithrespecttothegainsfromspecializationarealways:

a.greater

b.smaller

c.equal

d.wecannotsaywithoutadditionalinformation

15.Mutuallybeneficialtradecannotoccurifproductionfrontiersare:

a.equalbuttastesarenot

b.differentbuttastesarethesame

c.differentandtastesarealsodifferent

d.thesameandtastesarealsothesame.

MultipleChoiceQuestionsCh.4

1.Whichofthefollowingstatementsiscorrect?

a.Thedemandforimportsisgivenbytheexcessdemandforthecommodity

b.thesupplyofexportsisgivenbytheexcesssupplyofthecommodity

c.thesupplycurveofexportsisflatterthanthetotalsupplycurveofthe

commodity

d.alloftheabove

2.Atarelativecommoditypriceaboveequilibrium

a.theexcessdemandforacommodityexceedstheexcesssupplyofthe

commodity

b.thequantitydemandedofimportsexceedsthequantitysuppliedofexports

c.thecommoditypricewillfall

d.alloftheabove

3.Theoffercurveofanationshows:

a.thesupplyofanation'simports

b.thedemandforanation'sexports

c.thetradepartner'sdemandforimportsandsupplyofexports

d.thenation'sdemandforimportsandsupplyofexports

4.Theoffercurveofanationbulgestowardtheaxismeasuringthenation's

a.importcommodity

b.exportcommodity

c.exportorimportcommodity

d.nontradedcommodity

5.Exportpricesmustriseforanationtoincreaseitsexportsbecausethenation:

a.incursincreasingopportunitycostsinexportproduction

b.facesdecreasingopportunitycostsinproducingimportsubstitutes

c.facesdecreasingmarginalrateofsubstitutioninconsumption

d.alloftheabove

6.Whichofthefollowingstatementsregardingpartialequilibriumanalysisisfalse?

a.Itreliesontraditionaldemandandsupplycurves

b.itisolatesforstudyonemarket

c.itcanbeusedtodeterminetheequilibriumrelativecommoditypricebutnotthe

equilibriumquantitywithtrade

d.noneoftheabove

7.Whichofthefollowingstatementsregardingpartialequilibriumanalysisistrue?

a.Thedemandandsupplycurvesarederivedfromthenation'sproductionfrontier

and

indifferencemap

b.Itshowsthesamebasicinformationasoffercurves

c.Itshowsthesameequilibriumrelativecommoditypricesaswithoffercurves

d.alloftheabove

8.Inwhatwaydoespartialequilibriumanalysisdifferfromgeneralequilibrium

analysis?

a.Theformerbutnotthelattercanbeusedtodeterminetheequilibriumprice

withtrade

b.theformerbutnotthelattercanbeusedtodeterminetheequilibriumquantity

withtrade

c.theformerbutnotthelattertakesintoconsiderationtheinteractionamongall

markets

intheeconomy

d.theformergivesonlyanapproximationtotheanswersought.

9.Ifthetermsoftradeofanationare1.5inatwo-nationworld,thoseofthetrade

partnerare:

a.3/4

b.2/3

c.3/2

d.4/3

10.Ifthetermsoftradeincreaseinatwo-nationworld,thoseofthetradepartner:

a.deteriorate

b.improve

c.remainunchanged

d.anyoftheabove

11.Ifanationdoesnotaffectworldpricesbyitstrading,itsoffercurve:

a.isastraightline

b.bulgestowardtheaxismeasuringtheimportcommodity

c.intersectsthestraight-linesegmentoftheworld'soffercurve

d.intersectsthepositively-slopedportionoftheworld'soffercurve

12.Ifthenation'stastesforitsimportcommodityincreases:

a.thenation'soffercurverotatestowardtheaxismeasuringitsimport

commodity

b.thepartner'soffercurverotatestowardtheaxismeasuringitsimport

commodity

c.thepartner'soffercurverotatestowardtheaxismeasuringitsexport

commodity

d.thenation'soffercurverotatestowardtheaxismeasuringitsexportcommodity

13.Ifthenation'stastesforitsimportcommodityincreases:

a.thenation'stermsoftraderemainunchanged

b.thenation'stermsoftradedeteriorate

c.thepartner'stermsoftradedeteriorate

d.anyoftheabove

14.Ifthetastesforanationimportcommodityincreases,tradevolume:

a.increases

b.declines

c.remainsunchanged

d.anyoftheabove

15.Adeteriorationofanation'stermsoftradecausesthenation'swelfareto:

a.deteriorate

b.improve

c.remainunchanged

d.anyoftheabove

Multiple-ChoiceQuestionsch.5

1.TheH-0modelextendstheclassicaltrademodelby:

a.explainingthebasisforcomparativeadvantage

b.examiningtheeffectoftradeonfactorprices

c.bothaandb

d.neitheranorb

2.WhichisnotanassumptionoftheH-0model

a.thesametechnologyinbothnations

b.constantreturnstoscale

c.completespecialization

d.equaltastesinbothnations

3.WithequaltechnologynationswillhaveequalK/Linproductionif:

a.factorpricesarethesame

b.tastesarethesame

c.productionfunctionsarethesame

d.alloftheabove

4.WesaythatcommodityYisK-intensivewithrespecttoXwhen:

a.moreKisusedintheproductionofYthanX

b.lessLisusedintheproductionofYthanX

c.alowerL/KratioisusedintheproductionofYthanX

d.ahigherK/LisusedintheproductionofXthanY

5.Whenw/rfalls,L/K

a.fallsintheproductionofbothcommodities

b.risesintheproductionofbothcommodities

c.canriseorfall

d.isnotaffected

6.AnationissaidtohavearelativeabundanceofKifithasa:

a.greaterabsoluteamountofK

b.smallerabsoluteamountofL

c.higherL/Kratio

d.lowerr/w

7.Adifferenceinrelativecommoditypricesbetweennationscanbebasedona

differencein:

a.technology

b.factorendowments

c.tastes

d.alloftheabove

8.IntheH-0model,internationaltradeisbasedmostlyonadifferencein:

a.technology

b.factorendowments

c.economiesofscale

d.tastes

9.AccordingtotheH-O-Smodel,tradereducesinternationaldifferencesin:

a.relativebutnotabsolutefactorprices

b.absolutebutnotrelativefactorprices

c.bothrelativeandabsolutefactorprices

d.neitherrelativenorabsolutefactorprices

10.AccordingtotheH-O-Smodel,internationaltradewill:

a.reduceinternationaldifferencesinpercapitaincomes

b.increasesinternationaldifferencesinpercapitaincomes

c.mayincreaseorreduceinternationaldifferencesinpercapitaincomes

d.leadtocompletespecialization

11.TheH-0modelisageneralequilibriummodelbecauseitdealswith:

a.productioninbothnations

b.consumptioninbothnations

c.tradebetweenthetwonations

d.alloftheabove

12.TheH-0modelisasimplificationoftheatrulygeneralequilibriummodel

becauseitdealswith:

a.twonations

b.twocommodities

c.twofactorsofproduction

d.alloftheabove

13.TheLeontiefparadoxreferstotheempiricalfindingthatU.S.

a.importsubstitutesaremoreK-intensivethanexports

b.importsaremoreK-intensivethanexports

c.exportsaremoreL-intensivethanimports

d.exportsaremoreK-intensivethanimportsubstitutes

14.Fromempiricalstudies,weconcludethattheH-0theory:

a.mustberejected

b.mustbeacceptedwithoutreservations

c.canbeacceptedwhileawaitingfurthertesting

d.explainsallinternationaltrade

15.Forfactorreversaltooccur,twocommoditiesmustbeproducedwith:

a.sufficientlydifferentelasticityofsubstitutionoffactors

b.thesameK/Lratio

c.technologically-fixedfactorproportions

d.equalelasticityofsubstitutionoffactors

Multiple-Choice(QuestionsCh.6:

1.RelaxingtheassumptionsonwhichtheHeckscher-Ohlintheoryrests:

a.leadstorejectionofthetheory

b.leavesthetheoryunaffected

c.requirescomplementarytradetheories

d.anyoftheabove.

1.WhichofthefollowingassumptionsoftheHeckscher-Ohlintheory,whenrelaxed,

leave

thetheoryunaffected?

a.Twonations,twocommodities,andtwofactors

b.bothnationsusethesametechnology

c.thesamecommodityisL-intensiveinbothnations

d.alloftheabove

2.WhichofthefollowingassumptionsoftheHeckscher-Ohlintheory,whenrelaxed,

requirenewtradetheories?

a.Economiesofscale

b.incompletespecialization

c.similartastesinbothnations

d.theexistenceoftransportationcosts

3.Internationaltradecanbebasedoneconomiesofscaleevenifbothnationshave

identical:

a.factorendowments

b.tastes

c.technology

d.alloftheabove

5.Agreatdealofinternationaltrade:

a.isintra-industrytrade

b.involvesdifferentiatedproducts

c.isbasedonmonopolisticcompetition

d.alloftheabove

6.TheHeckscher-Ohlinandnewtradetheoriesexplainsmostofthetrade:

a.amongindustrialcountries

b.betweendevelopedanddevelopingcountries

c.inindustrialgoods

d.alloftheabove

4.Thetheorythatanationexportsthoseproductsforwhichalargedomesticmarket

exists

wasadvancedby:

a.Linder

b.Vernon

c.Leontief

d.Ohlin

8.Intra-industrytradetakesplace:

a.becauseproductsarehomogeneous

b.inordertotakeadvantageofeconomiesofscale

c.becauseperfectcompetitionistheprevalentformofmarketorganization

d.alloftheabove

1.Ifanationexportstwiceasmuchofadifferentiatedproductthatitimports,itsintra-

industry(T)indexisequalto:

a.1.00

b.0.75

c.0.666

d.0.25

10.Tradebasedontechnologicalgapsiscloselyrelatedto:

a.theH-0theory

b.theproduct-cycletheory

c.Linder'stheory

d.alloftheabove

11.Whichofthefollowingstatementsistruewithregardtotheproduct-cycletheory?

a.Itdependsondifferencesintechnologicalchangesovertimeamong

countries

b.itdependsontheopeningandtheclosingoftechnologicalgapsamong

countries

c.itpostulatesthatindustrialcountriesexportmoreadvancedproductstoless

advancedcountries

d.alloftheabove

12.Transportcosts:

a.increasethepriceintheimportingcountry

b.reducesthepriceintheexportingcountry

c.bothoftheabove

d.neitheranorb.

13.Transportcostscanbeanalyzed:

a.withdemandandsupplycurves

b.productionfrontiers

c.offercurves

d.alloftheabove

14.Theshareoftransportcostswillfalllessheavilyonthenation:

a.withthemoreelasticdemandandsupplyofthetradedcommodity

b.withthelesselasticdemandandsupplyofthetradedcommodity

c.exportingagriculturalproducts

d.withthelargestdomesticmarket

15.Afootlooseindustryisoneinwhichtheproduct:

a.gainsweightinprocessing

b.losesweightinprocessing

c.bothoftheabove

d.neitheranorb.

Multiple-choiceQuestionsCh.8

1.Whichofthefollowingstatementsisincorrect?

a.Anadvaloremtariffisexpressedasapercentageofthevalueofthetraded

commodity

b.aspecifictariffisexpressedasafixedsumofthevalueofthetraded

commodity.

c.exporttariffsareprohibitedbytheU.S.Constitution

d.TheU.S.usesexclusivelythespecifictariff

2.Asmallnationisone:

a.whichdoesnotaffectworldpricebyitstrading

b.whichfacesaninfinitelyelasticworldsupplycurveforitsimport

commodity

b.whoseconsumerswillpayapricethatexceedstheworldpricebytheamountof

the

tariff

d.alloftheabove

3.Ifasmallnationincreasesthetariffonitsimportcommodity,its:

a.consumptionofthecommodityincreases

b.productionofthecommoditydecreases

c.importsofthecommodityincrease

d.noneoftheabove

4.Theincreaseinproducersurpluswhenasmallnationimposesatariffismeasured

bythe

area:

a.totheleftofthesupplycurvebetweenthecommoditypricewithandwithoutthe

tariff

b.underthesupplycurvebetweenthequantityproducedwithandwithoutthe

tariff

c.underthedemandcurvebetweenthecommoditypricewithandwithoutthe

tariff

d.noneoftheabove.

5.Ifasmallnationincreasesthetariffonitsimportcommodity:

a.therentofdomesticproducersofthecommodityincreases

b.theprotectioncostofthetariffdecreases

c.thedeadweightlossdecreases

d.alloftheabove

6.Whichofthefollowingstatementsisincorrectwithrespecttotherateofeffective

protection?

a.forgivenvaluesofaiandti,gislargerthegreaterist

b.foragivenvalueoftandti,gislargerthegreaterisai

c.gexceeds,isequaltoorissmallerthant,asLissmallerthan,isequaltooris

largerthant

d.whena?exceedst,therateofeffectiveprotectionispositive

7.Withai=50%,ti=O,andt=20%,gis:

a.40%-

b.20%

c.80%

d.0

8.Theimpositionofanimporttariffbyasmallnation:

a.increasestherelativepriceoftheimportcommodityfordomesticproducersand

consumers

b.reducestherelativepriceoftheimportcommodityfordomesticproducersand

consumers

c.increasestherelativepriceoftheimportcommodityforthenationasa

whole

d.anyoftheaboveispossible

9.Theimpositionofanimporttariffbyasmallnation:

a.increasesthenation'swelfare

b.reducesthenation'swelfare

c.leavesthenation'swelfareunchanged

d.anyoftheaboveispossible

10.AccordingtotheStolper-Samuelsontheorem,theimpositionofatariffbya

nation:

a.increasestherealreturnofthenation'sabundantfactor

b.increasestherealreturnofthenation'sscarcefactor

c.reducestherealreturnofthenation'sscarcefactor

d.anyoftheaboveispossible

11.Theimpositionofanimporttariffbyanationresultsin:

a.anincreaseinrelativepriceofthenation'simportcommodity

b.anincreaseinthenation'sproductionofitsimportablecommodity

c.reducestherealreturnofthenation'sabundantfactor

d.alloftheabove

12.Theimpositionofanimporttariffbyanationcanberepresentedbyarotationof

the:

a.nation'soffercurveawayfromtheaxismeasuringthecommodityofits

comparative

advantage

b.thenation'soffercurvetowardtheaxismeasuringthecommodityofits

comparative

advantage

c.theothernation'soffercurvetowardtheaxismeasuringthecommodityofits

comparativeadvantage

d.theothernation'soffercurveawayfromtheaxismeasuringthecommodityof

its

comparativeadvantage

13.Theimpositionofanimporttariffbyalargenation:

a.increasesthenation'stermsoftrade

b.reducesthevolumeoftrade

c.mayincreaseorreducethenation'swelfare

d.alloftheabove

14.Theimpositionofanoptimumtariffbyalargenation:

a.improvesitstermsoftrade

b.reducesthevolumeoftrade

c.increasesthenation'swelfare

d.alloftheabove

15.Theoptimumtariffforasmallnationis:

a.100%

b.50%

c.0

d.dependsonelasticities

Multiple-choiceQuestionsCh.9:

1.Animportquota:

a.increasesthedomesticpriceoftheimportedcommodity

b.reducesdomesticconsumption

c.increasesdomesticproduction

d.alloftheabove

2.Anincreaseinthedemandoftheimportedcommoditysubjecttoagivenimport

quota:

a.reducesthedomesticquantitydemandedofthecommodity

b.increasesthedomesticproductionofthecommodity

c.reducesthedomesticpriceofthecommodity

d.reducestheproducers'surplus

3.Adjustmenttoanyshiftinthedomesticdemandorsupplyofanimportable

commodity

occurs:

a.indomesticpricewithanimportquota

b.inthequantityofimportswithatariff

c.throughthemarketmechanismwithanimporttariffbutnotwithanimport

quota

d.alloftheabove

4.Aninternationalcartelrefersto:

a.dumping

b.anorganizationofexporters

c.aninternationalcommodityagreement

d.voluntaryexportrestraints

5.Thetemporarysaleofacommodityatbelowcostoratalowerpriceabroadin

orderto

driveforeignproducersoutofbusinessiscalled:

a.predatorydumping

b.sporadicdumping

c.continuousdumping

d.voluntaryexportrestraints

6.Thetypeofdumpingwhichwouldjustifyantidumpingmeasuresbythecountry

subject

tothedumpingis:

a.predatorydumping

b.sporadicdumping

c.continuousdumping

d.alloftheabove

7.Afallaciousargumentforprotectionis:

a.theinfantindustryargument

b.protectionfornationaldefense

c.thescientifictariff

d.tocorrectdomesticdistortions

8.Whichofthefollowingistruewithrespecttotheinfant-industryargumentfor

protection:

a.itreferstotemporaryprotectiontoestablishadomesticindustry

b.tobevalid,thereturntothegrown-upindustrymustbesufficientlyhighalsoto

repay

forthehigherpricespaidbydomesticconsumersofthecommodityduring

theinfancy

period

c.isinferiortoanequivalentproductionsubsidytotheinfantindustry

d.alloftheabove

9.Whichofthefollowingisfalsewithrespecttostrategictradepolicy?

a.itpostulatesthatanationcangainbyanactivisttradepolicy

b.itispracticedtosomeextentbymostindustrialnations

c.itcaneasilybecarriedout

d.alloftheabove

10.Industrialpolicyrefersto:

a.anactivistpolicybythegovernmentofanindustrialcountrytostimulatethe

developmentofanindustry

b.thegrantingofasubsidytoadomesticindustrytostimulatethedevelopmentof

an

industry

c.thegrantingofasubsidytoadomesticindustrytocounteraforeign

subsidy

d.alloftheabove

11.Gametheoryrefersto:

a.amethodofchoosingtheoptimalstrategyinconflictsituations

b.thegrantingofasubsidytocorrectadomesticdistortion

c.thetheoryoftariffprotection

d.noneoftheabove

12.TradeprotectionintheUnitedStatesisusuallyprovidedto:

a.low-wageworkers

b.well-organizedindustrieswithlargeemployment

c.industriesproducingconsumerproducts

d.alloftheabove

13.Themost-favored-nationprinciplerefersto:

a.extensiontoalltradepartnersofanyreciprocalt