中南財(cái)大 國(guó)際經(jīng)濟(jì)學(xué)--雙語(yǔ)期末試卷

1、中南財(cái)經(jīng)政法大學(xué)學(xué)年第-學(xué)期期末考試試卷國(guó)際經(jīng)濟(jì)學(xué)（閉卷）卷學(xué)院 專業(yè) 年級(jí) 班級(jí) 課堂號(hào) 姓名 一二三四五六總 分得分 評(píng)卷人 一、 Multiple Choice Questions（單選，共20題，每題2分）1, Under Ricardian model, If one countrys wage level is very high relative to the others (the relative wage exceeding the relative productivity ratios), then ( )A. it is not possible that produ

2、cers in each will find export markets profitable.B. it is not possible that consumers in both countries will enhance their respective welfares through imports.C. it is not possible that both countries will find gains from trade.D. it is possible that both will enjoy the conventional gains from trade

3、.2, According to Ricardo, a country will have a comparative advantage in the product in which its ( )A. labor productivity is relatively low.B. labor productivity is relatively high.C. labor mobility is relatively low.D. labor mobility is relatively high.3, If Australia has more land per worker, and

4、 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 of each product.D. Trade would not continue since Belgium

5、 is a smaller country.4, Under The Specific Factors model, At the production point the production possibility 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 of manufactures. 5, The Heckscher-Ohlin model predict

6、s 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 / PF were to increase in the international marketplace

7、, 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 relatively more in one direction, we have ( )A. biased

8、 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 of subsidies for its exports, this must ( )A. cause retaliation on the part of its trade partners.B. harm Slovenias real income.C. improve Slove

9、nias 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. workers in the steel industry.10, If the

10、poor AID(aid of international development) recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid will ( )A. worsen the U.S. terms of trade.B. improve the U.S. terms of trade.C. leave the world terms of trade unaffected.D. w

11、orsen the terms of trade of both donor and recipient countries.11, A large country experiencing import-biased economic growth will tend to experience ( )A. no change in terms of trade.B. deteriorating terms of trade.C. improving terms of trade. D. immiserizing terms of trade.12, The most common form

12、 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 price of its imports.B. rais

13、es the relative price of its exports and raises the relative price of its imports.C. lowers the relative price of its exports and raises the relative price of its imports.D. raises the relative price of its exports and lowers the relative price of its imports.14, Under Purchasing Power Parity, ( )A.

14、 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 currency depreciation.B.a rise in the money supply will have no effect on exchange rate.C.a rise in the money s

15、upply will cause immediate currency appreciation.D.a rise in the money supply will cause a proportional long-run currency depreciation. 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 policy ca

16、uses ( )A. a shift of the DD curve to the left, an increase in output, and currency appreciation.B. a shift of the DD curve to the right, an increase in output, and currency appreciation. C. a shift of the DD curve to the right, an increase in output, and currency depreciation.D. a shift of the DD c

17、urve to the left, a decrease in output, and currency depreciation.18, How does a rise in real income affect aggregate demand? ( )A. Y Yd Im CA AD , but Y Yd C AD by more.B. Y Yd Im CA AD , but Y Yd C AD by more.C. Y Yd Im CA AD , and Y Yd C AD .D. Y Yd Im CA AD , but Y Yd C AD by less.19, Under fixe

18、d rates, which 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

19、 rate, which one of the following statements is the most accurate? ( )A. Devaluation causes a rise in output.B. Devaluation causes a decrease in output.C. Devaluation has no effect on output.D. Devaluation causes a rise in output and a decrease in official reserves.得分 評(píng)卷人 二，Simple questions(共5題，每題6分

20、)1,An Economy can produce goods A using labor and capital and goods B using labor and land. Calculate the effects of the fall in the relative price of goods B on the income of the specific factors capital and land.2, suppose that one country subsidizes its exports and the other country imposes a cou

21、ntervailing tariff that offsets its effect, so that in the end relative price in the second country are unchanged. What happens to the terms of trade? What about welfare in the two countries?3, Describe the pattern of trade under H-O model.4, International trade leads to complete equalization of fac

22、tor prices. Discuss.5, What is the Fisher Effect? Provide an example.6,Suppose E is fixed at E0 and that the asset markets are in equilibrium. Suddenly output rises. What monetary measures keep the current exchange rate constant given unchanged expectations about the future rate?得分 評(píng)卷人 三Quantitative

23、/Graphing Problems（共1題，10分）A small country imports peanuts at the price of $10 per bag. The demand curve is D=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 rentsC: The consump

24、tion distortion lossD: The production distortion loss.得分 評(píng)卷人 四Essay Questions（共2題，每題10分）1,Comparing the interindustry trade and intraindustry trade.2, Construct a table that will summarize the effects of money market and output market changes on the long-run nominal dollar/ euro exchange rate.中南財(cái)經(jīng)政法

25、大學(xué)-學(xué)年第-學(xué)期期末考試答案和評(píng)分標(biāo)準(zhǔn)課程名稱：國(guó)際經(jīng)濟(jì)學(xué) （）卷 課程代號(hào)：_02013020_ 考試形式：閉卷使用對(duì)象： 一選擇題（每題2分）題號(hào)1234567891011121314151617181920答案DBADCBADCBCCDCDBB ACA二簡(jiǎn)答題（每題5分）1,Because good B uses land, a fall in its relative price will result in a fall in rental rates on land, and an increase in the return to capital.2,The first cou

26、ntry is worse off by subsidy and a foreign tariff while the second one 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 with which they are abundantly endowed.4,This statement is typically truebut. Under a strict

27、 and limited set of assumptions, such as the original Heckscher-Ohlin model which excludes country specific technologies; non- homothetic tastes; factor intensity reversals; large country differences in (relative) factor abundances, and more factors than goods, then it may be demonstrated that inter

28、nal consistency demands that the above stated sentence is true. However, the minute one relaxes any of the above listed assumptions one may easily identify solutions, which contradict the factor price equalization theorem.5, All else equal, a rise in a countrys expected inflation rate will eventuall

29、y cause an equal rise in the interest rate that deposits of its currency offer. Similarly, a fall in the expected inflation rate will eventually cause a fall in the interest rate. 6, Since output rises, demand for domestic money rises; this increase in money demand normally pushes the domestic interest rate upwards. To prevent appreciation of home currency (given E0 is expected) the central bank buys foreign assets in foreign exchange market. This eliminates excess demand for domestic money because the central bank issues money to pay for the foreign assets it buys.The bank i