国际贸易(第六版英文)练习题

1、.Chapter 1:1、Over the past 40 years,A)Growth rates of global exports have been negative in most decades.B)global production has grown more rapidly than global exports.C)the growth rate of manufacturing exports has been more than that of mining or of agriculture in most periods.D)the U.S. has steadil

2、y decreased its dependence on international trade.2、The European Union's share in world trade is around A)10%B)30%C)40%D)50%3As of 2005, the share of primary (that is, agricultural and mining) products in global merchandise exports is about _; this share has _ since 1980.A)50%; risenB)50%; falle

3、nC)25%; risenD)25%; fallen4As of 2005, the top three merchandise exporters wereA)Germany, China, and the U.S.B)the U.S., Switzerland, and Canada.C)Singapore, Germany, and Japan.D)Japan, Germany, and the U.S.5The largest share of U.S. imports come fromA)Africa.B)Asia.C)NAFTA countries (Canada and Mex

4、ico).D)the European Union.6The leading exporters of commercial services areA)Asian countriesB)Non-Asian developing countriesC)Industrialized countriesD)The former Soviet Republics (the Newly Independent States)7Over the past 30 years, most countriesA)have come to rely more heavily on international t

5、rade.B)have come to rely less heavily on international trade.C)Export less than 10% of their GDP.D)a and c are both correct.8Considering the 10 countries that had the largest shares in global exports and imports,A)industrialized countries dominate the list of both leading exporters and leading impor

6、ters.B)industrialized countries dominate the list of leading exporters, but most of the leading importers are developing countries.C)developing countries dominate the list of leading exporters, but most of the leading importers are industrialized countries.D)developing countries dominate the list of

7、 both leading exporters and leading importers.9The smallest proportion of U.S. imports is made up of _ and a comparatively large proportion of U.S. exports is made up of _.A)foods, feeds, and beverages; consumer productsB)foods, feeds, and beverages; non-automotive capital goodsC)consumer products;

8、foods, feeds, and beveragesD)consumer products; automotive vehicles and parts10International tradeA)was practically unheard of in the ancient world.B)is an increasingly rare phenomenon in today's insular world.C)was important in the ancient world, and is more important than ever today.D)became c

9、ommon in the twentieth century.Chapter 2: 答案：CCBDBADCAC1Mercantilism refers toA)a collection of economic philosophies prevalent in the nineteenth century.B)an economic philosophy favoring minimalist government.C)an economic philosophy that encouraged colonialism.D)all of the above.2Mercantilists bel

10、ievedA)that trade is a positive-sum game.B)in the labor theory of value.C)countries should maintain a trade surplus.D)all of the aboveE)b and c.3To a mercantilist, the government shouldA)stay out of the management of the economy.B)engage in bullionism.C)encourage importation, as this is a sign of na

11、tional wealth.D)avoid having colonies, as this is a draw on national resources.4The British Navigation Acts of the eighteenth centuryA)were examples of mercantilist policies.B)excluded, for example, Spanish ships, from trading with the coastal American colonies.C)were intended to maximize the flow o

12、f specie into Britain.D)all of the above.5The observation that over time a trade surplus leads to a net gain in a country's holdings of precious metalsA)is the inconsistent with mercantilism.B)is consistent with Hume's price-specie-flow mechanism.C)is inconsistent with Hume's price-speci

13、e-flow mechanism.D)none of the above.6The notion of absolute advantageA)was an important early critique of mercantilism.B)was original to mercantilist thinking.C)is central to the price-specie flow mechanism.D)was originally conceptualized by David Hume.7A "laissez faire" philosophy implie

14、sA)a substantial amount of government intervention in the economy.B)government holdings of gold and silver are the ultimate measures of the size of the economy.C)that self-interest is the path to economic ruin.D)governments should maintain law and order and protect property rights, but not much else

15、.8The labor theory of value isA)the notion that trade can be a positive-sum gameB)the idea that laborers in a mercantilist society should be paid as little as possibleC)the idea that goods and services can be valued according to their relative labor contentD)the essence of the quantity theory of mon

16、ey.9Consider the following table showing labor requirements per unit of production:CountryElectronicsPlumsGeorgia4 hrs/unit15 hrs/unitAzerbaijan5 hrs/ unit10 hrs/unitAccording to Adam Smith's way of thinking, electronics should be exported by_; plums should be exported by _.A)Georgia; Azerbaijan

17、B)Georgia; GeorgiaC)Azerbaijan; GeorgiaD)Azerbaijan; Azerbaijan10Consider the following table showing labor requirements per unit of production:CountrySteelRiceMongolia16 hrs/unit8 hrs/unitKorea15 hrs/ unit4 hrs/unitAccording to Adam Smith,A)Mongolia has the absolute advantage in steel production.B)

18、Korea has the absolute advantage in neither steel nor rice production.C)trade would not be mutually advantageous.D)rice will not be produced, since productivity levels in steel production are substantially higher.Chapter3:1The autarky price ratioA)is the price ratio when there is mutually advantageo

19、us international tradeB)must be the same in both countries for trade to be mutually advantageousC)is the price ratio when there is no international tradeD)is the ratio of the price of government-produced products in one country to government-produced products in the other country.2A production possi

20、bilities frontierA)represents combinations of production points that a country is capable of producing, given today's resources and technology, and assuming all resources are fully employed.B)represents combinations of products that a country is capable of consuming if it participates in interna

21、tional trade, given today's resources and technology, and assuming all resources are fully employed.C)is the single production point at which a country will be in autarky.D)all of the aboveE)a and c only3By following the principle of comparative advantage, nations canA)avoid the fundamental econ

22、omic problem of scarcityB)reach consumption points outside their production possibilities frontiersC)avoid being forced into international tradeD)none of the above4David RicardoA)was a poor but brilliant Italian philosopher.B)originated the concept of comparative advantage in the early 19th centuryC

23、)originated the concept of comparative advantage in the early 17th centuryD)was a band director on the television show I Love Lucy.E)a and c are correct.The following table shows the hours of labor required to produce one unit of each commodity in each country. Use it to answer the next three questi

24、ons.(10.0K)5_ has an absolute advantage in the production of radiators; _ has an absolute advantage in the production of mood rings.A)Trinidad and Tobago; MadagascarB)Madagascar; Trinidad and TobagoC)Trinidad and Tobago; Trinidad and TobagoD)Madagascar; Madagascar6In this situationA)Trinidad and Tob

25、ago will export radiators once trade beginsB)Trinidad and Tobago will export mood rings once trade beginsC)Trinidad and Tobago has a comparative advantage in neither commodityD)Trade will not occur since pre-trade (autarky) price ratios are identical7According to the information in the table,A)Trinidad and Tobago's pre-trade (autarky) radiators price is 1 radiators = 0.83 mood ringsB)Madagascar will export radiators once trade beginsC)Trinidad and Tobago will not wish to trade because it is absolutely more efficient at the production of both goodsD)Madagascar's pre