International Economics智慧树知到答案章节测试2023年安徽财经大学

第一章测试Inmanydevelopingnations,_________provideemploymentopportunitiesand____________topayforthemanyproductsthatcannotbeproducedinthehomecountry.（）

A:imports,outputs

B:exports,earnings

C:imports,earnings

D:exports,outputs

答案:BTheeconomicrelationshipandintegrationamongnationsisdefinedas:（）

A:macroeconomics

B:microeconomics

C:economicinterdependence

D:openeconomies

答案:CTheratiobetweenacountry’simportsandexportsofgoodsorservicestotheirgrossdomesticproduct(GDP)isameasureofthatcountry’s:（）

A:macroeconomics

B:opennessasaneconomy

C:economicinterdependence

D:microeconomics

答案:CThetotalvalueofallgoodsandservicesproducedwithinanation’sbordersiscalled:（）

A:GDP

B:currentaccountbalance

C:GNP

D:netexports

答案:ATheeconomicinterdependenceamongnationshas___________overrecenthistory.（）

A:remainedthesame

B:uncertain

C:decreased

D:increased

答案:DIn2020,undertheCOVID-19VIRUS,wecanguessthattheworldGDP______________,whiletheworldtradelevel____________.()

A:decreased,decreased

B:increased,decreased

C:increased,increased

D:decreased,increased

答案:AWhichofthefollowinganalyzesthebasisforandgainsfromtrade?（）

A:Foreignexchangemarket

B:Internationaltradetheory

C:Internationaltradepolicy

D:Balanceofpayments

答案:BAsummarystatementofalltheinternationaltransactionsoftheresidentsofanationwiththerestoftheworldduringaparticularperiodoftimeiscalled:（）

A:GNP

B:GDP

C:Balanceofpayments

D:Netexports

答案:CWheninterestratesincreaseinamajorlargecountry,capitalflowsfromabroadwillincrease.()

A:对

B:错

答案:A第二章测试Theeconomicforcegivingrisetotheexistenceanddegreeoftradebetweentwonationsisreferredtoas:（）

A:gainsfromtrade

B:basisfortrade

C:patternoftrade

D:lossesfromtrade

答案:BTheincreaseinconsumptionineachnationresultingfromspecializationinproductionandtradingisreferredtoas:（）

A:lossesfromtrade

B:gainsfromtrade

C:basisfortrade

D:patternoftrade

答案:BThecommoditiesexportedandimportedbyeachnationconstitutethe:（）

A:basisfortrade

B:gainsfromtrade

C:patternoftrade

D:lossesfromtrade

答案:CTheschoolofthoughtduringtheseventeenthandeighteenthcenturiesproposingthatthewayforanationtobecomericherwastorestrictimportsandstimulateexportswas:（）

A:Opportunitycost

B:ClassicalSchool

C:Mercantilist

D:LaissezFaire

答案:C_____________explainshowmutuallybeneficialtradecantakeplaceevenwhenonenationislessefficientthananothernationintheproductionofallcommodities.（）

A:Mercantilism

B:Thelawofabsoluteadvantage

C:Thelawofcomparativeadvantage

D:Thelabortheoryofvalue

答案:C____________________statesthatthecostorpriceofacommodityisdeterminedby,orcanbeinferredexclusivelyfrom,itslaborcontent.（）

A:Theopportunitycosttheory

B:Thelawofcomparativeadvantage

C:Thelabortheoryofvalue

D:Mercantilism

答案:C____________________statesthatthetruecostofacommodityistheamountofasecondcommoditythatmustbegivenuptoreleasejustenoughresourcestoproduceonemoreunitofthefirstcommodity:（）

A:Mercantilism

B:Theopportunitycosttheory

C:Thelabortheoryofvalue

D:Thelawofcomparativeadvantage

答案:BTheabilityofonenationtoproduceacommodityusingfewerresourcesthananothernationis:（）

A:absoluteadvantage

B:specialization

C:comparativeadvantage

D:mercantilism

答案:AWhentheamountofacommoditythatmustbegivenuptoproduceeachadditionalunitofanothercommodity,regardlessoftheamountofthecommodityforegone,isthesameateverylevelofproduction,whichofthefollowingexists?（）

A:comparativeadvantage

B:constantopportunitycosts

C:absoluteadvantage

D:increasingopportunitycosts.

答案:BTheratioofonecommoditypricetothepriceofanothercommodityiscalledrelativecommodityprice.（）

A:对

B:错

答案:A第三章测试_______________causeanationtogiveupmoreandmoreofonecommodityinordertoproduceeachadditionalunitofanother.（）

A:Constantopportunitycosts

B:Costsofproduction

C:Decreasingopportunitycosts

D:Increasingopportunitycosts

答案:DIncreasingopportunitycostsresultinaproductionpossibilitiesfrontierthatis___________fromtheorigin.（）

A:horizontal

B:convex

C:concave

D:linear

答案:C____________istheamountofonecommoditythatanationmustgiveuptoproduceeachadditionalunitofanother.（）

A:marginalrateofreturn

B:marginalcost

C:productionfrontier

D:marginalrateoftransformation(MRT)

答案:DThemarginalrateoftransformation(MRT)ofXforYrefersto:（）

A:theamountofXthatanationmustgiveuptoproduceeachadditionalunitofY.

B:theamountofYthatconsumersarewillingtogiveuptoconsumeeachadditionalunitofX.

C:theamountofXthatconsumersarewillingtogiveuptoconsumeeachadditionalunitofY.

D:theamountofYthatanationmustgiveuptoproduceeachadditionalunitofX.

答案:DWhatisanothernamefortheopportunitycostofacommodity?（）

A:marginalrateofsubstitution(MRS)

B:revealedcomparativeadvantage

C:marginalrateoftransformation(MRT)

D:marginalrateofreturn

答案:CWhencountriesengageininternationaltrade,specializationtendstobe:（）

A:incompletewithconstantcostsandcompletewithincreasingcosts

B:incompletewithconstantcostsandincompletewithincreasingcosts

C:completewithconstantcosts,andcompletewithincreasingcosts

D:completewithconstantcostsandincompletewithincreasingcosts

答案:AWhydoincreasingopportunitycostsofproductionoccur?（）

A:Factorsofproductionarenotbeingusedinthesamefixedproportion

B:Factorsofproductionarehomogeneous

C:Factorsofproductionarecompletelyadaptabletoeveryuse

D:Noneoftheabove

答案:ANationswillhavedifferentproductionpossibilitiesfrontiersbecauseofwhichcharacteristic?（）

A:differencesincommunityindifferencecurves

B:differencesinfactorendowments

C:differencesindegreeofindustrialization

D:differencesinmarginalcostsofproduction

答案:BThetastesordemandpreferencesofanationaregivenby:（）

A:marginalrateoftransformation(MRT)

B:communityindifferencecurves

C:productionfrontiers

D:consumptionpossibilitiescurves

答案:BIncreasingopportunitycostsresultinaproductionfrontierthatisconvexfromtheorigin.（）

A:错

B:对

答案:A第四章测试Assumebothlaborandcapitalarecompletelymobile,andanationiscapitalrich/laborscarce.Inordertoincreasewelfare,whatkindoftradepolicyshouldthegovernmentadapt?（）

A:Restrictalltrade,becausethestandardoflivingwilldeclineandpeoplewillbeworseoff

B:Notrestricttrade,becauseanydeclineinrealwageswillbematchedwithanevenlargergainbythosewhoowncapital

C:Notrestricttrade,becausetherealwagewilleventuallycyclebacktothepre-tradevalue,eliminatinganylossesinthestandardofliving

D:Onlyrestricttradethatwillmaketherealwagefall,andallowtradethatwillnotaffectwages

答案:BWhichofthefollowingisapartoftheHeckscher-Ohlinmodelthatstatesinternationaltradewillbringaboutequalizationinthereturnstohomogeneousfactorsacrossnations?（）

A:Factor-priceequalizationtheorem

B:Productcycletheory

C:Factor-proportionstheory

D:Factor-endowmenttheory

答案:ATheHeckscher-Ohlintheoryisoftenreferredtoas:（）

A:Factor-priceequalizationtheorem

B:Factor-proportionstheoryandFactor-endowmenttheory

C:Factor-endowmenttheory

D:Factor-proportionstheory

答案:BWhichofthefollowingisconsideredtobeashort-runversionofthefactorpriceequalizationtheory?（）

A:Economiesofscaletheory

B:Productcycletheory

C:Intra-industrytradetheory

D:Specificfactorstheory

答案:DAccordingtothespecificfactorstradetheory:（）

A:Ownersoffactorsspecifictoexportindustriesgainwhentradetakesplace,butownersoffactorsspecifictoimport-competingindustrieslose

B:Bothownersoffactorsspecifictoexportindustriesandownersoffactorsspecifictoimport-competingindustriesgainfromtrade

C:Bothownersoffactorsspecifictoexportindustriesandownersoffactorsspecifictoimport-competingindustrieslosefromtrade

D:Ownersoffactorsspecifictoexportindustrieslosewhentradetakesplace,butownersoffactorsspecifictoimport-competingindustriesgain

答案:AInhisempiricaltestofHeckscherandOhlin’smodel,Leontieffoundthat（）

A:theUSimportedandexportedmorelaborintensivegoods.

B:theUSimportedmorelaborintensivegoodsandexportedmorecapitalintensivegoods.

C:theUSimportedmorecapitalintensivegoodsandexportedmorelaborintensivegoods.

D:theUSimportedandexportedmorecapitalintensivegoods.

答案:CWhichofthefollowingisnotanexampleofacapitalrichnation?（）

A:Italy

B:India

C:Germany

D:Canada

答案:BNon-tradedgoodsandservicesarethosethatarenottradedbecauseofinternationalbarrierstoentry,suchasexorbitantimporttariffs.（）

A:错

B:对

答案:A第五章测试The______________hypothesizesthataportionofinternationaltradeisbasedontheintroductionofnewproductsorprocesses:（）

A:realbusinesscyclemodel

B:specific-factorsmodel

C:technologicalgapmodel

D:productcyclemodel

答案:CWhichtheorystatesthatanationwilltendtoexportcommoditiesintensiveinitsrelativelyabundantandcheapfactor?（）

A:Productcycletheory

B:Intraindustrytradetheory

C:Heckscher-Ohlintheory

D:Stolper-Samuelsontheory

答案:CWhichofthefollowingwouldleastlikelyapplytotheproductcycletheory?（）

A:Computers

B:Digitalcameras

C:Televisions

D:Coal

答案:DTheproductcyclemodelwasintroducedby:（）

A:WassilyLeontief

B:AlfredMarshall

C:RaymondVernon

D:EliHeckscher

答案:CWhichmodelstatesthatanationcanshiftfrombeinganetexporterofagoodtoanetimporterofthesamegood?（）

A:Productcyclemodel

B:Realbusinesscyclemodel

C:Technologicalgapmodel

D:Specific-factorsmodel

答案:A___________involvesinternationaltradeinthedifferentiatedproductsofthesameindustryorbroadproductgroup.（）

A:Intra-nationaltrade

B:Intra-industrytrade

C:Productcyclemodel

D:Inter-industrytrade

答案:BWith______________,inputsincreaseproportionatelymorethantheincreaseinoutput.（）

A:Constantreturnstoscale

B:Increasingreturnstoscale

C:Internationalreturnstoscale

D:Decreasingreturnstoscale

答案:DWith______________,inputsincreaseindirectproportiontotheincreaseinoutput.（）

A:increasingreturnstoscale

B:internationalreturnstoscale

C:decreasingreturnstoscale

D:constantreturnstoscale

答案:DIncreasingreturnstoscalegenerallyexistbecauseofgreaterdivisionoflaborandlaborspecializationandspecializedandproductivemachinery.（）

A:对

B:错

答案:A第六章测试Ataxof15percentperimporteditemwouldbeanexampleof:()

A:Specifictariff

B:Compoundtariff

C:Advaloremtariff

D:Effectivetariff

答案:CSupposethattheUnitedStateseliminatesitstariffonsteelimports,permittingforeign-producedsteeltoentertheU.S.market.SteelpricestoU.S.consumerswouldbeexpectedto:（）

A:Decrease,andtheforeigndemandforU.S.exportswouldincrease

B:Increase,andtheforeigndemandforU.S.exportswoulddecrease

C:Decrease,andtheforeigndemandforU.S.exportswoulddecrease

D:Increase,andtheforeigndemandforU.S.exportswouldincrease

答案:AWhenagovernmentallowsrawmaterialsandotherintermediateproductstoenteracountrydutyfree,itstariffpolicygenerallyresultsina:（）

A:Nominaltariffratelessthantheeffectivetariffrate

B:Fallinbothnominalandeffectivetariffrates

C:Effectivetariffratelessthanthenominaltariffrate

D:Riseinbothnominalandeffectivetariffrates

答案:ATheprincipalbenefitoftariffprotectiongoesto:（）

A:Domesticproducersofthegoodproduced

B:Foreignproducersofthegoodproduced

C:Domesticconsumersofthegoodproduced

D:Foreignconsumersofthegoodproduced

答案:AWhichofthefollowingpoliciespermitsaspecifiedquantityofgoodstobeimportedatonetariffrateandappliesahighertariffratetoimportsabovethisquantity?（）

A:Tariffquota

B:Specifictariff

C:Importtariff

D:Advaloremtariff

答案:AWhentheproductionofacommoditydoesnotutilizeimportedinputs,theeffectivetariffrateonthecommodity:()

A:Islessthanthenominaltariffrateonthecommodity

B:Exceedsthenominaltariffrateonthecommodity

C:Noneoftheabove

D:Equalsthenominaltariffrateonthecommodity

答案:DShouldCanada（alargenantion）imposeatariffonimports,onewouldexpectCanada’s:（）

A:Termsoftradetoimproveandvolumeoftradetoincrease

B:Termsoftradetoworsenandvolumeoftradetodecrease

C:Termsoftradetoimproveandvolumeoftradetodecrease

D:Termsoftradetoworsenandvolumeoftradetoincrease

答案:CAadvaloremtariffprovidesdomesticproducersadecliningdegreeofprotectionagainstimport-competinggoodsduringperiodsofchangingprices.（）

A:错

B:对

答案:AWhenmaterialinputsenteracountryataverylowdutywhilethefinalimportedproductisprotectedbyahighduty,theresulttendstobeahighrateofprotectionfordomesticproducersofthefinalproduct.（）

A:错

B:对

答案:BAnationwhoseimportsconstituteaverysmallportionoftheworldmarketsupplyisapricetaker,facingaconstantworldpriceforitsimportcommodity.（）

A:对

B:错

答案:A第七章测试Becauseexportsubsidiestendtoresultindomesticexporterscharginglowerpricesontheirgoodssoldoverseas,thehomecountry’s:()

A:Termsoftradewillworsen

B:Termsoftradewillimprove

C:Exportrevenueswilldecrease

D:Exportrevenueswillrise

答案:AComparedtoanimportquota,anequivalenttariffmayprovidealesscertainamountofprotectionforhomeproducerssince:()

A:Foreignfirmsmayabsorbthetariffbyofferingexportsatlowerprices

B:Quotasdonotresultinincreasesinthepriceoftheimportedgood

C:Atariffhasnodeadweightlossintermsofproductionandconsumption

D:Tariffsareeffectiveonlyifhomedemandisperfectlyelastic

答案:AIfatariffandanimportquotaleadtoequivalentincreasesinthedomesticpriceofsteel,then:()

A:Thetariffresultsinefficiencyreductionsbutthequotadoesnot

B:Theyhaveidenticalimpactsonhowincomeisdistributed

C:Theyhaveidenticalimpactsonhowmuchisproducedandconsumed

D:Thequotaresultsinefficiencyreductionsbutthetariffdoesnot

答案:CImportquotastendtoleadtoallofthefollowingexcept:()

A:Domesticproducersoftheimportedgoodbeingharmed

B:Pricesfallingintheexportingcountry

C:Pricesincreasingintheimportingcountry

D:Domesticconsumersoftheimportedgoodbeingharmed

答案:ATomaintainthatSouthKoreansaredumpingtheirVCRsintheUnitedStatesistomaintainthat:()

A:ThecostofmanufacturingVCRsinKoreaishigherinKoreathanintheUnitedStatessincewagesarehigherinKorea

B:KoreansaresellingVCRsintheUnitedStatesbelowtheirproductioncost

C:ThecostofmanufacturingVCRsinKoreaislowerinKoreathanintheUnitedStatessincewagesarelowerinKorea

D:KoreansaresellingVCRsintheUnitedStatesabovetheirproductioncost

答案:BAnimportquotaisaphysicalrestrictiononthequantityofgoodsthatmaybeimportedduringaspecifiedtimeperiod.()

A:对

B:错

答案:ATotheextentthatsubsidiesgrantedtoexportingfirmsreducetheforeignpriceoftheirgoods,thesubsidizingcountry’stermsoftradeimproved.()

A:错

B:对

答案:AInternationaldumpingoccurswhenforeignbuyersarechargedhigherpricesthandomesticbuyersforanidenticalproduct,afterallowingfortransportationcostsandtariffduties.()

A:对

B:错

答案:BPredatorydumpingwouldoccurifToyotaInc.

ofJapansellsautostoU.S.consumersatlowerpricesthantoJapaneseconsumersinordertoputChryslerInc.

outofbusiness.()

A:对

B:错

答案:A第八章测试Formostdevelopingcountries:（）

A:Savingsandinvestmentlevelsarehigh

B:Populationgrowthandilliteracyratesarelow

C:Productivityishighamongdomesticworkers

D:Agriculturalgoodsandrawmaterialtendtomakeupmuchofdomesticoutput

答案:DWhichofthefollowingisoneoftheadvantagesofexport-orientedindustrialization?（）

A:Themarketfortheindustrialproductexistsdomestically,asevidencedbyimportsofthecommodity,sothatrisksarereducedinsettingupanindustrytoreplaceimports

B:Foreignfirmsareinducedtoestablishso-calledtarifffactoriestoovercomethetariffwallofdevelopingnations

C:Itovercomesthesmallnessofthedomesticmarketandallowsadevelopingnationtotakeadvantageofeconomiesofscale

D:Itiseasierfordevelopingnationstoprotecttheirdomesticmarketagainstforeigncompetitionthantoforcedevelopednationstolowertradebarriersagainsttheirmanufacturedexports

答案:CWhichofthefollowingisnotacharacteristicofadevelopingcountry?（）

A:Ahighproportionofthelaborforceinagriculture

B:Lowpopulationgrowthrate

C:Lowlifeexpectancy

D:Ahighilliteracyrate

答案:BWhichofthefollowingwouldbemorelikelytohavecountriesusingtradeprimarilyasaventforagriculturalsurplus?（）

A:EasternEurope

B:NorthKorea

C:NorthAmerica

D:SoutheastAsia

答案:DWhichofthefollowingcountriesorareaisNOTcharacterizedbyrapidgrowthingrossdomesticproductinindustrialproductionandmanufacturedexports?（）

A:Korea

B:HongKong,China

C:Chile

D:Singapore

答案:CWhichofthefollowingisNOToneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?（）

A:Importsubstitutioncanleadtoinefficientindustriesbecauseofthesmallnessofthedomesticmarketinmanydevelopingnations

B:Domesticindustriescangrowaccustomedtoprotectionfromforeigncompetitionandhavenoincentivetobecomemoreefficient

C:Exportvolumecangrowfast.

D:Afterthesimplermanufacturedimportsarereplacedbydomesticproduction,importsubstitutionbecomesmoreandmoredifficultandcostlyasmorecapital-intensiveandtechnologicaladvancedimportshavetobereplacedbydomesticproduction

答案:CWhichofthefollowingisNOToneofthemostseriousproblemsfacingdevelopingcountriestoday?（）

A:Theconditionsofstarkpovertyprevailinginmanycountries

B:Theremainingtradeprotectionismofdevelopedcountriesagainstdevelopingcountriesexports

C:Thegraduallyreducingfertilityrates

D:Theunsustainableforeigndebtofsomeofthepoorestdevelopingcountries

答案:CWhichofthefollowingisoneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?()

A:Developednationsoftenprovideahighlevelofeffectiveprotectionfortheirindustriesproducingsimplelabor-intensivecommoditiesinwhichdevelopingnationsalreadyhaveorcansoonacquireacomparativeadvantage

B:Domesticindustriescangrowaccustomedtoprotectionfromforeigncompetitionandhavenoincentivetobecomemoreefficient

C:Thedomesticfirmscanshareandcorporatewithforeignfirmsinlargeinternationalmarket.

D:Itmaybeverydifficultfordevelopingnationstosetupexportindustriesbecauseofthecompetitionfromthemoreestablishedandefficientindustriesindevelopednations

答案:BTheinfant-industryargumentstatesthattemporarytradeprotectionisneededtoprotectanewindustryagainstcompetitionfrommoreestablishedandefficientforeignfirms.（）

A:错

B:对

答案:B第九章测试Whichofthefollowingrepresentsthestagewhereeconomicintegrationismostcomplete?()

A:Customsunion

B:Commonmarket

C:Economicunion

D:Monetaryunion

答案:DWhichofthefollowingrepresentsthestagewhereeconomicintegrationisleastcomplete?()

A:Customsunion

B:Commonmarket

C:Monetaryunion

D:Freetradearea

答案:DCustomsuniontheoryreasonsthattheformationofacustomsunionwilldecreasemembers’realwelfarewhenthe:()

A:Tradeconsumptioneffectexceedsthetradeproductioneffect

B:Tradeproductioneffectexceedsthetradeconsumptioneffect

C:Tradediversioneffectexceedsthetradecreationeffect

D:Tradecreationeffectexceedsthetradediversioneffect

答案:CWhicheconomicintegrationschemeissolelyintendedtoabolishtraderestrictionsamongmembercountries,whilesettingupcommontariffsagainstnonmembers?()

A:Freetradearea

B:Economicunion

C:Customsunion

D:Commonmarket

答案:CWhenproductsfromhigh-costsupplierswithinacustomsunionreplaceimportsfromalow-costnationthatisnotamemberofthecustomsunion,thereexist(s):()

A:Dynamicwelfarelosses

B:Tradecreation

C:Dynamicwelfaregains

D:Tradediversion

答案:DWhichformofeconomicintegrationoccurswhenparticipatingcountriesabolishtariffsontradeamongthemselves,establishacommontariffonimportsfromnonmembers,andpermitfreemovementofcapitalandlaborwithintheorganization?()

A:Economicunion

B:Commonmarket

C:Freetradearea

D:Monetaryunion

答案:BTradecreationtendstomorethanoffsettradediversionforahomecountryformingacustomsunionwithpartnercountrieswhen:(1)thetariffrateinthehomecountryishighpriortotheformationofthecustomsunion;(2)therearealargenumberofcountriesformingthecustomsunion.()

A:对

B:错

答案:AIfChileandMexicoformafree-tradeagreement,thewelfareofthetwocountrieswillnecessarilyincrease.()

A:对

B:错

答案:BEconomicintegrationistheprocessofeliminatingrestrictionsoninternationaltrade,payments,andfactormobility.()

A:错

B:对

答案:BForcountriesformingacustomsunion,thetrade-creationeffectrepresentsawelfarelossandthetrade-diversioneffectrepresentsawelfaregain.()

A:对

B:错

答案:B第十章测试Thepurchaseofpurelyfinancialassets,suchasbondsandstocks,iscalled:（）

A:indirectinvestment

B:directinvestment

C:corporateinvestment

D:bondinvestment

答案:A__________allowtheinvestortolendcapitaltogetfixedpayoutsorregularreturns,thenreceivethefacevalueatadateinthefuture.（）

A:Stocks

B:Bonds

C:Dividends

D:Mutualfunds

答案:BRealinvestmentinfactories,capitalgoods,land,andinventorieswheretheinvestorretainscontrolovertheuseoftheinvestedcapitalisreferredtoas:（）

A:Corporateinvestment

B:Portfolioinvestment

C:Directinvestment

D:Indirectinvestment

答案:C___________oftentakestheformofstartingasubsidiaryortakingcontrolofanotherfirm.（）

A:Directinvestment

B:Portfolioinvestment

C:Privateinvestment

D:Indirectinvestment

答案:AThebasicmotiveforinternationalportfolioinvestmentsis:（）

A:toearnhigherreturnsdomesticallythanarepossibleabroad

B:toearnreturnsdomesticallyonincomesearnedabroad

C:toearnhigherreturnsabroadthanarepossibledomestically

D:toearnreturnsabroadthatcannotbetaxeddomestically

答案:CTwo-wayinternationalcapitalflowsisoftenexplainedbytheelementof______.（）

A:specialization

B:diminishingmarginalreturns

C:higherreturnsinothercountries

D:risk

答案:DIngeneral,___________________onalltypesofinvestment.（）

A:thelowertherisk,thegreaterthereturn

B:thegreatertherisk,thegreaterthereturn

C:thereisnorelationshipbetweenriskandreturn

D:thelowertheinterestrates,thelowerthereturn

答案:BIthasbeenfoundthatfirmswithastronginternationalorientationtendto______________.（）

A:belessprofitablethanthosethatarewhollydomestic

B:bemoreprofitablethanthosethatarewhollydomestic

C:havegreatervariabilityinprofitsthanpurelydomesticfirms

D:earnonlyaccountingprofit,noteconomicprofit

答案:BWhenamultinationalcorporationcontrolstherawmaterialusedintheproductionofitsfinalgood,whichofthesewilllikelyoccur?（）

A:theMNCwillfaceanti-trustchargesforowningfirmsthatproduceboththerawmaterialandthefinalgood

B:consumerswillpayhigherpricesforthegood

C:theMNCwillobtainanuninterruptedsupplyoftherawmaterialatthelowestpossiblecost

D:consumerswillpaylowerpricesforthegood

答案:CForwardverticalintegrationhasbeenthemostcommonformofdirectforeigninvestmentsindevelopingcountriesandinsomemineral-richdevelopedcountries.（）

A:对

B:错

答案:B第十一章测试Onthebalance-of-paymentsstatements,merchandiseimportsareclassifiedinthe:()

A:Currentaccount

B:Capitalaccount

C:Unilateraltransferaccount

D:Officialsettlementsaccount

答案:AWhichofthefollowingisconsideredacapitalinflow?()

答案:AWhichofthefollowingisclassifiedasacreditintheU.S.balanceofpayments?()

A:AflowofgoldoutoftheU.S.

B:U.S.giftstoothercountries

C:ForeignloansmadebyU.S.companies

D:U.S.exports

答案:DWhenallofthedebitorcredititemsinthebalanceofpaymentsarecombined:()

A:Capitalimportsequalcapitalexports

B:Servicesexportsequalservicesimports

C:Merchandiseimportsequalmerchandiseexports

D:Thetotalsurplusordeficitequalszero

答案:DAllofthefollowingaredebititemsinthebalanceofpayments,except:()

A:Merchandiseexports

B:Privategiftstoforeigners

C:Capitaloutflows

D:Foreignaidgrantedtoothernations

答案:AThebalanceofpaymentsreferstothestockoftradeandinvestmenttransactionsthatexistsataparticularpointintime.()

A:错

B:对

答案:AReferringtothebalance-of-paymentsstatement,aninternationaltransactionreferstotheexchangeofgoods,services,andassetsbetweenresidentsofonecountryandthoseabroad.()

A:错

B:对

答案:BBecausethebalanceofpaymentsutilizesdouble-entryaccounting,merchandiseexportswillalwaysbeinbalancewithmerchandiseimports.()

A:错

B:对

答案:AAnincreaseinimportrestrictionsbytheU.S.governmenttendstopromoteamerchandise-tradesurplus.()

A:对

B:错

答案:ABecausethebalanceofpaymentsisarecordoftheeconomictransactionsofacountryoveraperiodoftime,itisa“flow”concept.()

A:对

B:错

答案:A第十二章测试Whichofthefollowingisnotaspeculativeforeignexchangetransaction（)

A:Bilateralarbitrage

B:Multilateralarbitrage

C:arbitrage

D:Hedging

答案:CTheeconomicmeaningofcoveredinterestrateparityis().

答案:DTheexchangeratesystemthatismostlikelytoincurtheimpactofinternationalhotmoneyis().

A:separatefloating

B:fixed

C:Freefloating

D:Jointfloating

答案:BThemainpurposeofinterventionintheforeignexchangemarketis()

A:Avoidingchaosinforeignexchangemarkets

B:Improvingthebalanceofpayments

C:Promotethecoordinationofdomesticmonetarypoliciesandforeignexchangepolicies

D:adjustthedevelopmenttrendofexchangerates

答案:ABCDInthepositivemarketcase,forcommodityfutures,thefollowingstatementistrue()

A:Whenthemarketrises,therecentcontractrisesmorethantheforwardcontract

B:Recentcontractsfallmorethanforwardcontractswhenthemarketfalls

C:Whenthemarketrises,therecentcontractriseslessthantheforwardcontract

D:Recentcontractsfalllessthanforwardcontractswhenthemarketfalls

答案:ADThemainfactorstobeconsid