国际贸易学 quiz3ppt课件

1、1-1Quiz International Economics1-2Where there are internal economies of scale, the scale of production possible in a country is constrained byA) the size of the domestic plus the foreign market.B) the size of the country.C) the size of the trading partners country.D) the size of the domestic market.

2、E) the size of the foreign market.1-3 Answer: A Page Ref: Difficulty: Easy1-4Modeling trade in imperfectly competitive industries is problematic becauseA) there is no single generally accepted model of behavior by imperfectly competitive firms.B) there are no models of imperfectly competitive behavi

3、or.C) it is difficult to find an imperfectly competitive firm in the real world.D) collusion among imperfectly competitive firms makes usable data rare.E) there is only a single model of imperfect competition (monopoly) but imperfect competition can take many forms in the real world.1-5 Answer: A Pa

4、ge Ref: 155-163 Difficulty: Easy1-6International trade based on external scale economies in both countries is likely to be carried out byA) a relatively small number of price competing firms.B) a relatively large number of price competing firms.C) a relatively small number of imperfect competitors.D

5、) monopolists in each country.E) a large number of oligopolists in each country.1-7 Answer: B Page Ref: 164-171 Difficulty: Easy1-8The excess supply curve of a product we (H) import from foreign countries (F) increases asA) excess demand of country H increases.B) excess demand of country F increases

6、.C) excess supply of country H increases.D) excess supply of country F increases.E) excess supply of country F decreases.1-9 Answer: D Page Ref: 192-198 Difficulty: Easy1-10 If a good is imported into (large) country H from country F, then the imposition of a tariff in country H in the presence of t

7、he Metzler Paradox, A) raises the price of the good in both countries (the Law of One Price). B) raises the price in country H and cannot affect its price in country F. C) lowers the price of the good in both countries. D) lowers the price of the good in H and could raise it in F. E) raises the pric

8、e of the good in H and lowers it in F.1-11 Answer: C Page Ref: 198-202 Difficulty: Easy1-12The opportunity to exploit economies of scale is one of the gains to be made from removing tariffs and other trade distortions. These gains will be found by a decrease inA) world prices of imports.B) the consu

9、mption distortion loss triangle.C) the production distortion loss triangle.D) international labor mobility.E) excessive entry and inefficient business practices.1-13 Answer: E Page Ref: 219-224 Difficulty: Easy1-14The optimum tariff is most likely to apply toA) a small tariff imposed by a small coun

10、try.B) a small tariff imposed by a large country.C) a large tariff imposed by a small country.D) a large tariff imposed by a large country.E) an ad valorem tariff on a small country.1-15 Answer: B Page Ref: 224-229 Difficulty: Easy1-16The authors of the text believe thatA) second-best policy is wors

11、e than optimal policy.B) special interest groups generally enhance national welfare.C) national welfare is likely to be enhanced by the imposition of an optimal tariff.D) market Failure arguments tend to support free-trade policy.E) there is no such thing as national welfare.1-17 Answer: E Page Ref:

12、 229-234 Difficulty: Easy1-18The General Agreement on Tariffs and Trade and the World Trade Organization have resulted inA) termination of export subsidies applied to manufactured goods.B) termination of import tariffs applied to manufactures.C) termination of import tariffs applied to agricultural

13、commodities.D) termination of international theft of copyrights.E) a number of rounds of multilateral trade agreements.1-19 Answer: E Page Ref: 234-243 Difficulty: Easy1-20The infant industry argument was an important theoretical basis forA) neo-colonialist theory of international exploitation.B) im

14、port-substituting industrialization.C) historiography of the industrial revolution in Western Europe.D) the East-Asian miracle.E) the reduction of tariffs on Western Europe.1-21 Answer: B Page Ref: 256-261 Difficulty: Easy1-22The high correlation between rapid growth in exports and rapid economic gr

15、owth observed in several East Asia countries in recent decadesA) proves that export promoting trade policy leads to relatively rapid economic growth.B) proves that a free-trade orientation of trade policy results in rapid economic growth.C) proves that exports help growth, whereas imports impede gro

16、wth.D) proves that trade policy is the most important policy area for promotion of economic development.E) does not prove that trade liberalization always leads to rapid economic growth.1-23 Answer: E Page Ref: 263-265 Difficulty: Easy1-24 Historically those few developing countries which have succe

17、eded in significantly raising their per-capita income levels A) did not accomplish this with import-substituting industrialization. B) did accomplish this with import-substituting industrialization. C) tended to provide heavy protection to domestic industrial sectors. D) favored industrial to agricu

18、ltural or service sectors. E) did so to the detriment of their nearest neighbors.1-25 Answer: A Page Ref: 265-268 Difficulty: Easy1-26The existence of positive externalities due to the impossibility of full appropriabilityA) supports the conclusions of the Heckscher-Ohlin model.B) rejects the useful

19、ness of government protectionism.C) supports the concept that the government should support only high-tech industries.D) provides support for government protectionism.E) supports arguments for free trade.1-27 Answer: D Page Ref: 271-279 Difficulty: Easy1-28In todays world markets, poor developing co

20、untries tend to rely primarily on exports ofA) agricultural products.B) primary products.C) mineral products.D) manufactured products.E) high-tech products.1-29 Answer: D Page Ref: 279-285 Difficulty: Easy1-30Benefits of international trade areA) limited to tangible goods.B) limited to intangible go

21、ods.C) limited to all goods but not services.D) limited to services.E) not limited to any of the above categories.1-31 Answer: E Page Ref: 4 Difficulty: Easy1-32 The international debt crisis of early 1982 was precipitated when _ could not pay its international debts. A) Russia B) Mexico C) Brazil D

22、) Malaysia E) China1-33 Answer: B Page Ref: 7 Difficulty: Easy1-34The gravity model explains whyA) trade between Sweden and Germany exceeds that between Sweden and Spain.B) countries with oil reserves tend to export oil.C) capital rich countries export capital intensive products.D) intra-industry tr

23、ade is relatively more important than other forms of trade between neighboring countries.E) European countries rely most often on natural resources.1-35 Answer: A Page Ref: 11 Difficulty: Moderate1-36 Since World War II, the likelihood that the job of a new college graduate will be directly or indir

24、ectly affected by world trade A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.1-37 Answer: B Page Ref: 17 Difficulty: Easy1-38 Given the information in the table above, if it is ascertained that Foreign uses prison

25、-slave labor to produce its exports, then home shouldA) export cloth.B) export widgets.C) export both and import nothing.D) export and import nothing.E) export widgets and import cloth.Unit Labor RequirementsClothWidgetsHome1020Foreign60301-39 Answer: A Page Ref: 29 Difficulty: Moderate1-40In a two

26、product two country world, international trade can lead to increases inA) consumer welfare only if output of both products is increased.B) output of both products and consumer welfare in both countries.C) total production of both products but not consumer welfare in both countries.D) consumer welfar

27、e in both countries but not total production of both products.E) prices of both goods in both countries.1-41 Answer: B Page Ref: 31 Difficulty: Moderate1-42If the United States production possibility frontier was flatter to the widget axis, whereas Germanys was flatter to the butter axis, we know th

28、atA) the United States has no comparative advantageB) Germany has a comparative advantage in butter.C) the U.S. has a comparative advantage in butter.D) Germany has comparative advantages in both products.E) the U.S. has a comparative disadvantage in widgets.1-43 Answer: B Page Ref: 37 Difficulty: M

29、oderate1-44The specific factors model assumes that there are _ goods and _ factor(s) of production.A) two; threeB) two; twoC) two; oneD) three; twoE) four; three1-45 Answer: A Page Ref: 52 Difficulty: Easy1-46The overall welfare effects of trade are _ if _.A) positive; those who gain can compensate

30、those who lose and still be better offB) positive; more people gain from trade than lose from itC) negative; some people are made worse off by tradeD) negative; those who lose can compel those who gain to compensate them for their lossesE) positive; the domestic economy grows faster than do foreign

31、economies1-47 Answer: A Page Ref: 63-65 Difficulty: Easy1-48The effect of trade on specialized employees of exporting industries will be _ jobs and _ pay because they are relatively _.A) fewer; lower; mobileB) fewer; lower; immobileC) more; higher; immobileD) more; lower; immobileE) more; higher; mo

32、bile1-49 Answer: C Page Ref: 65-68 Difficulty: Moderate1-50If a country produces good Y (measured on the vertical axis) and good X (measured on the horizontal axis), then the absolute value of the slope of its production possibility frontier is equal toA) the opportunity cost of good X.B) the price

33、of good X divided by the price of good Y.C) the price of good X divided by the price of good Y.D) the opportunity cost of good Y.E) the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor.1-51 Answer: A Page Ref: 82 Difficulty: Easy1-52 Refer to the table above.

34、If good S is capital intensive, and you are told that Country B is very much larger than country A. The correct answer isA) country B will export good S.B) country A will export good S.C) both countries will export good S.D) trade will not occur between these two countries.E) both countries will imp

35、ort good S.Factor EndowmentCountry ACountry BLabor4520Capital15101-53 Answer: A Page Ref: 90 Difficulty: Moderate1-54Empirical observations on actual North-South trade patterns tend toA) support the validity of the Rybczynski Theorem.B) support the validity of the Leontieff Paradox.C) support the validity of the Heckscher-Ohlin model. D) support the validity of the wage equalization theorem.E) support the validity of the neo-imperialism exploitation theory.1-55 Answer: C Page Ref: 92 Difficulty: Mode