最新国际贸易学 quiz1ppt课件.ppt

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1、2 Historians of economic thought often describe _ written by _ and published in _ as the first real exposition of an economic model.A) Of the Balance of Trade, David Hume, 1776B) Wealth of Nations, David Hume, 1758C) Wealth of Nations, Adam Smith, 1758D) Wealth of Nations, Adam Smith, 1776E) Of the

2、Balance of Trade, David Hume, 17589 Answer: B Page Ref: 17 Difficulty: Easy10Trade between two countries can benefit both countries ifA) each country exports that good in which it has a comparative advantage.B) each country enjoys superior terms of trade.C) each country has a more elastic demand for

3、 the imported goods.D) each country has a more elastic supply for the exported goods.E) each country produces a wide range of goods for export.11 Answer: A Page Ref: 24 Difficulty: Easy12 Given the information in the table aboveA) neither country has a comparative advantage in cloth.B) Home has a co

4、mparative advantage in cloth.C) Foreign has a comparative advantage in cloth.D) Home has a comparative advantage in both cloth and widgets.E) neither country has a comparative advantage in widgets.Unit Labor RequirementsClothWidgetsHome1020Foreign603013 Answer: B Page Ref: 29 Difficulty: Moderate No

5、te: CA AA14If a production possibilities frontier is bowed out (concave to the origin), then production occurs under conditions ofA) constant opportunity costs.B) increasing opportunity costs.C) decreasing opportunity costs.D) infinite opportunity costs.E) uncertain opportunity costs.15 Answer: B Pa

6、ge Ref: 34 Difficulty: Easy16The 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 substantial effects on a countrys distribution of income.B) The Ricardian model is often incorrect in

7、 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 domestic standards of quality.E) Restrictions on imports are intended to benefit domestic consumers.1

8、7 Answer: A Page Ref: 50 Difficulty: Easy18In the specific factors model, the effects of trade on welfare are _ for mobile factors, _ for fixed factors used to produce the exported good, and _ for fixed factors used to produce the imported good.A) ambiguous; positive; negativeB) ambiguous; negative;

9、 positiveC) positive; ambiguous; ambiguousD) negative; ambiguous; ambiguousE) positive; positive; positive19 Answer: A Page Ref: 63-65 Difficulty: Easy20 Those who will lose from free trade are _ factors in sectors that produce goods that are _. A) mobile; untraded B) mobile; also imported C) immobi

10、le; exported D) mobile; exported E) immobile; also imported21 Answer: E Page Ref: 65-68 Difficulty: Easy22In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border wouldA) move the point of production along the production possibility curve.B) shift the production pos

11、sibility curve outward, and increase the production of both goods.C) shift the production possibility curve outward and decrease the production of the labor-intensive product.D) shift the production possibility curve outward and decrease the production of the capital-intensive product.E) shift the p

12、ossibility curve outward and displace preexisting labor.23 Answer: D Page Ref: 89 Difficulty: Moderate24In 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; exportB) harm; abundant; i

13、mportC) benefit; scarce; exportD) benefit; scarce; importE) harm; scarce; export25 Answer: A Page Ref: 91 Difficulty: Easy26The Leontieff ParadoxA) failed to support the validity of the Heckscher-Ohlin model.B) supported the validity of the Ricardian theory of comparative advantage.C) supported the

14、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.27 Answer: A Page Ref: 98-99 Difficulty: Easy Note: One would expect the US to be an exporter of capital-intensive goods and an importer of lab

15、or-intensive goods. Surprisingly, however, this was not the case in the 25 years after WWII. This result is known as the Leontief paradox.28The meaning of terms of trade isA) the quantities of imports received in free trade.B) the amount of exports sold by a country.C) the price conditions bargained

16、 for in international markets.D) the price of a countrys exports divided by the price of its imports. E) the tariffs in place between two trading countries.29 Answer: D Page Ref: 112 Difficulty: Easy30If the U.S. (a large country) imposes a tariff on its imported good, this will tend toA) improve th

17、e terms of trade of the United States.B) have no effect on terms of trade.C) improve the terms of trade of all countries.D) cause a deterioration of U.S. terms of trade.E) raise the world price of the good imported by the United States.31 Answer: A Page Ref: 125 Difficulty: Easy32International borrowing and lending may be interpreted as one form ofA) intertemporal trade.B) intermediate trade.C) trade in services.D) unrequited international transfers.E) aid to offset trade advantages.33 Answer: A Page Ref: 127 Difficulty: Easy34 结束语结束语