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InternationalEconomics智慧树知到期末考试答案+章节答案2024年安徽财经大学Factorendowmentisarelativeconcept,havingnothingtodowiththeabsolutequantityoffactorsofproductionpossessedbyacountry.()
答案:对MFNtreatmentistogivethetradepartnerthemostfavorabletermsoftrade.()
答案:错Internationaltradeoccurswhenmanufacturersineachcountrypursuearepresentativedemandfortheircountry.()
答案:错TheHeckscher-Ohlintheoryisoftenreferredtoasthefactor-endowmenttheory.()
答案:对Freetradereducesthelevelofincomeofspecializedfactorsofproductioninimport-competingsectors,butdoesnotaffectthelevelofincomeofcommonfactorsofproduction.()
答案:错Theelasticanalysisofthebalanceofpaymentsisageneralequilibriumanalysis.()
答案:错Londonishometothelargestforeignexchangemarketintheworld.()
答案:对Theforeignexchangemarketistheframeworkfortheexchangeofonenationalcurrencyforanother.()
答案:对Onthebalance-of-paymentsstatement,acapitalinflowcanbelikenedtotheimportofgoodsandservices.()
答案:错Thepotentialfortradediversionissmallerwhenacustomunion'sexternaltariffislowerratherthanhigher.()
答案:对Ifanation’stermsoftradeincreasesfrom½to1,andconsumptionincreasesfromalowerindifferencecurvetoahigherone,thisnationisexperiencingimmiserizinggrowth.()
答案:错Riskdiversificationcanexplaintwo-wayinternationalportfolioinvestments.()
答案:对Becausealargenumberofinternationaltransactionsfailtogetrecorded,statisticiansinsertaresidual,knownasstatisticaldiscrepancy,toensurethattotaldebitsequaltotalcredits.()
答案:对Withaspecifictariff,thedegreeofprotectionaffordeddomesticproducersvariesdirectlywithchangesinimportprices.()
答案:错Policyinstrumentsthatcanaffectinternationalcompetitivenessareknownasspending-changepolicies.()
答案:错Increasingreturnstoscalerefertotheproductionsituationwhereinputsorfactorsofproductiongrowproportionatelymorethanoutput.()
答案:错Concerningthebalanceofpayments,acurrent-accountsurplusmeansanexcessofexportsoverimportsofgoods,services,investmentincome,andunilateraltransfers.()
答案:对Factorpriceequalizationwillequalizethefactorintensityofthesameproductproducedinthetwocountries.()
答案:对Adamsmithadvocatedapolicyinwhichthegovernmentkeepsregulationofeconomicactivitytoaminimum。()
答案:对Tradecreationoccurswhenimportsfromalow-costsupplieroutsideofacustomsunionarereplacedbypurchasesfromahigher-costsupplierwithintheunion.()
答案:错Theestablishmentofacustomsunionmayfacilitatetheformationofnewmonopolies.()
答案:对OPECisacartelofmonopolies.()
答案:错ServicestransactionsonCanada'sbalance-of-paymentsstatementwouldincludeCanadianshipstransportinglumbertoJapan,foreigntouristsspendingmoneyinCanada,andCanadianengineersdesigningbridgesinChina.()
答案:对Pointsonlowercommunityindifferencecurvesarepossible,butwouldnotmaximizethenation’swelfare.()
答案:对Internationaltradeactsasasubstitutefortheinternationalmobilityoffactorsofproductioninitseffectonfactorprices.()
答案:对Inacountry'sbalanceofpayments,whichofthefollowingtransactionsaredebits?()
答案:DomesticbankbalancesownedbyforeignersaredecreasedFromtheperspectiveoftheinfluenceofinternationaltradeonthedistributionoffactorsofproduction,internationaltradeisfavorableto().
答案:AnincreaseinincomefromtheintensivelyusedfactorsofproductionintheproductionofexportsThereplacementofhighcostproductionprocesseswithlowercostimportsfromamembernation,asaresultoftheformationofaregionaltradearrangement,iscalled:()
答案:tradecreationMeasuresthatarenon-tariffbarriersare()
答案:DomesticminimumpriceThecurveforthelevelofdegreeorutilityis()
答案:IndifferencecurveWhenwillaresidentofonecountrypurchasebondsofanothercountry?()
答案:ifthereturnsonbondsarehigherintheothercountryThebalanceofpaymentstheorybasedonKeynes'snationalincomeequationis()
答案:TheoryofabsorptionanalysisAfter1992,thepercapitaGDPcalculatedbytheWorldBankwasconvertedaccordingtowhichcriteria()
答案:PurchasingpowerparityInanopeneconomy,ifthegovernment'smonetarypolicyremainsunchangedandonlytheexpansionaryfiscalpolicyisadopted,fromtheperspectiveofinternaldemand,theincreaseofgovernmentspendingwillleadto()
答案:ReducedunemploymentThestaticeffectsoftheestablishmentofinternationaleconomicintegrationorganizationsonmemberStatesinclude()
答案:TradecreationandtradediversionWhichofthefollowingcountriesaremembersoftheNorthAmericantradingbloc?()
答案:UnitedStates,Canada,andMexicoAlowertariffonimportedaluminumwouldmostlikelybenefit:()
答案:DomesticconsumersofaluminumWhichdevicehastheInternationalcopperAgreementutilizedasawayofstabilizingtinprices?()
答案:BufferstocksTheopen-economymacroeconomicprocessesforcorrectingbalance-of-paymentsdisequilibriaarecollectivelycalled:()
答案:adjustmentinthebalanceofpaymentsAninflowofcapitalfundstotheUnitedStatestendstoincreasetheinternationalvalueofthedollar,stimulating__________anddiscouraging_____________.()
答案:USimports,USexports____________istheutilizationofallofatradingnation’sresourcesintheproductionofonlyonecommodity.()
答案:CompletespecializationWhichofthefollowingistrueconcerningaspecifictariff?()
答案:Itaffordslessprotectiontohomeproducersduringerasofrisingprices.Inthelongrun,whatdeterminesthetrendofAcountry'scurrencyexchangerateis()
答案:RelativeeconomicgrowthrateandgrowthrateofmoneysupplyTheconditionsfora"miserablegrowth"ininternationaltradeare()
答案:TheelasticityofdemandforproductBisverylowTraderestrictionsusuallybenefitalargemajorityofthe___________inthenationattheexpenseofasilentmajorityof_________________.()
答案:producers,consumersAmongalltypesoftransactionsintheforeignexchangemarket,thelargestvolumeis()
答案:spottransactionSupposethattheUnitedKingdomandItalyabolishalltariffsoneachother'sgoodsandallrestrictionsonmovementsoffactorsofproductionbetweenthem.Theyalsoimplementacommonprotectionistpolicytowardothercountries.Thisisanexampleofa(an):()
答案:CommonmarketIngeneral,thereisawidevarietyofparticipantsinforeignexchangemarkets.Thefollowing,whicharenotmajorparticipantsinforeignexchangemarkets,are()
答案:IndividualResidentsThemercantilistswouldhaveobjectedto:()
答案:internationaltradebasedonopenmarketsA____________________istheformofeconomicintegrationwhereinallbarriersareremovedontradeamongmembers,buteachnationretainsitsownbarrierstotradewithnonmembers.()
答案:freetradeareaTheaggregatedemandcurveshowsthatwhenpricesgoup,aggregatedemandgoesup.()
答案:错Thepolicytoolsthatcanaffectinternationalcompetitivenessarecalledexpenditure-changingpolicies.()
答案:错Inthefollowingcases,themaximumelasticityoftheaggregatedemandcurveoccurswhen()
答案:OpeneconomyandfloatingexchangerateWhatiswrongwiththefollowingstatement()
答案:BPcurvewithlimitedcapitalflowisahorizontalline.;Fiscalpolicyismoreeffectivethanmonetarypolicyinachievingexternalequilibrium.AcountrysimultaneouslyachievesinternalandexternalequilibriumattheintersectionofIS,LMandBPcurves.()
答案:对Theobjectivesinvolvedinmacroeconomicequilibriumgenerallyinclude()
答案:balanceofpayments;Fullemployment;Economicgrowth;PricestabilityTheMarshall-Lernerconditioncanbeusedtodetermine().
答案:ImpactdegreeofcurrencydepreciationoninternationalbalanceofpaymentsAslongastheincomeeffectsofdepreciationarepositive,thebalanceofpaymentspositioncanbeimproved.()
答案:错TheMarshall-Lernerconditionshowsthatundertheconditionthatthedemandelasticityofimportandexportcommoditiestendstoinfinity,ifthesumofsupplyelasticityofimportandexportcommoditiesisgreaterthan1,thencurrencydepreciationcanimprovetheinternationalbalanceofpayments.()
答案:错WhatiswrongwiththeJ-curveeffectisthat()
答案:themoreelasticthedemandforimportsis,thelongertheJcurvelastsAccordingtotheabsorptionanalysismethodofinternationalbalanceofpayments,depreciationmusthave()inordertoimprovethetradebalance
答案:Themarginalpropensitytoabsorbislessthan1Theincomeredistributioneffectonabsorptioneffect,thefollowingaboveiscorrect()
答案:Risingpricesshiftabiggershareofrealincomesintogovernmenttaxes;Pricesrisebeforewages,whichtranslatesintoprofitsforentrepreneurs;Risingpricestransferincomefromthefixed-moneyincomegrouptotherestofsocietyBoththeelasticityanalysisandabsorptionanalysisofthebalanceofpaymentsdonotconsiderthecapitalandfinancialaccountsofthebalanceofpayments.()
答案:对WhichofthefollowingdoesnotmaketheJ-curveeffectmorepronounced?()
答案:Informationisfast;Highelasticityofdemandintheshortrun;FirmscanrapidlyexpandtheirproductioncapacityGenerallyspeaking,theimpactofexchangerateinstabilityontheinternationaleconomyisshownasfollows()
答案:increasethechanceofspeculation;exacerbatetheturmoilintheinternationalfinancialmarketsAccordingtotheinterestrateparitytheory,whentheforwardforeignexchangerateispremium,itmeansthatthedomesticinterestrate()
答案:higherthanforeignexchangeratesThetheoreticalbasisofPPPtheoryisthelawofoneprice.()
答案:对Underthefixedexchangeratesystem,themonetaryauthoritiesofvariouscountriestakemeasurestomaintaintheupperandlowerlimitsofexchangeratefluctuations()
答案:useforeignexchangereservestointerveneintheforeignexchangemarket;DiscountpolicyInthetheoryofpurchasingpowerparity,absolutepurchasingpowerparityisusedtopredictrealexchangerate.()
答案:错Thefounderofpurchasingpowerparitytheoryis().
答案:KasselTheconditionsthatenableacountrytoreduceitsexposuretoexchangeratefluctuationsare()
答案:Lowdegreeofeconomicopeningtotheoutsideworld;DiversityofcommodityproductionAccordingtothenarrowsenseofstaticforeignexchangeconcept,foreigncurrencynotesareforeignexchange.()
答案:错Themainfactorstobeconsideredintheselectionofacountry'sexchangerateregimeareasfollows()
答案:Restrictionsofinternationalanddomesticeconomicconditions;Structuralcharacteristicsofthenationaleconomy;specificpolicypurposes;RegionaleconomiccooperationInthepositivemarketcase,forcommodityfutures,thefollowingstatementistrue()
答案:Recentcontractsfalllessthanforwardcontractswhenthemarketfalls;Whenthemarketrises,therecentcontractrisesmorethantheforwardcontractThemainpurposeofinterventionintheforeignexchangemarketis()
答案:adjustthedevelopmenttrendofexchangerates;Improvingthebalanceofpayments;Promotethecoordinationofdomesticmonetarypoliciesandforeignexchangepolicies;AvoidingchaosinforeignexchangemarketsTheeconomicmeaningofcoveredinterestrateparityis().
答案:TheforwardpremiumrateisequaltothedifferencebetweentheinterestratesoftwocountriesTheexchangeratesystemthatismostlikelytoincurtheimpactofinternationalhotmoneyis().
答案:fixedWhichofthefollowingisnotaspeculativeforeignexchangetransaction()
答案:arbitrageWhenthecustomerpurchasesforeignexchangeattheforeignexchangebank,thetransactionpriceshallbethebuyingpriceofforeignexchange.()
答案:错Forwardexchangeratereferstotheexchangerateusedbythebuyerandthesellerforfuturetransactionanddelivery.()
答案:错Whichofthefollowingisconsideredacapitalinflow?()
答案:AsaleofU.S.financialassetstoaforeignbuyerThebalanceofpaymentsreferstothestockoftradeandinvestmenttransactionsthatexistsataparticularpointintime.()
答案:错Onthebalance-of-paymentsstatements,merchandiseimportsareclassifiedinthe:()
答案:CurrentaccountAllofthefollowingaredebititemsinthebalanceofpayments,except:()
答案:MerchandiseexportsAnincreaseinimportrestrictionsbytheU.S.governmenttendstopromoteamerchandise-tradesurplus.()
答案:对Whenallofthedebitorcredititemsinthebalanceofpaymentsarecombined:()
答案:ThetotalsurplusordeficitequalszeroBecausethebalanceofpaymentsutilizesdouble-entryaccounting,merchandiseexportswillalwaysbeinbalancewithmerchandiseimports.()
答案:错Becausethebalanceofpaymentsisarecordoftheeconomictransactionsofacountryoveraperiodoftime,itisa"flow"concept.()
答案:对Referringtothebalance-of-paymentsstatement,aninternationaltransactionreferstotheexchangeofgoods,services,andassetsbetweenresidentsofonecountryandthoseabroad.()
答案:对WhichofthefollowingisclassifiedasacreditintheU.S.balanceofpayments?()
答案:U.S.exports__________allowtheinvestortolendcapitaltogetfixedpayoutsorregularreturns,thenreceivethefacevalueatadateinthefuture.()
答案:BondsThepurchaseofpurelyfinancialassets,suchasbondsandstocks,iscalled:()
答案:indirectinvestmentTwo-wayinternationalcapitalflowsisoftenexplainedbytheelementof______.()
答案:riskIngeneral,___________________onalltypesofinvestment.()
答案:thegreatertherisk,thegreaterthereturnThebasicmotiveforinternationalportfolioinvestmentsis:()
答案:toearnhigherreturnsabroadthanarepossibledomesticallyIthasbeenfoundthatfirmswithastronginternationalorientationtendto______________.()
答案:bemoreprofitablethanthosethatarewhollydomesticForwardverticalintegrationhasbeenthemostcommonformofdirectforeigninvestmentsindevelopingcountriesandinsomemineral-richdevelopedcountries.()
答案:错Whenamultinationalcorporationcontrolstherawmaterialusedintheproductionofitsfinalgood,whichofthesewilllikelyoccur?()
答案:theMNCwillobtainanuninterruptedsupplyoftherawmaterialatthelowestpossiblecostRealinvestmentinfactories,capitalgoods,land,andinventorieswheretheinvestorretainscontrolovertheuseoftheinvestedcapitalisreferredtoas:()
答案:Directinvestment___________oftentakestheformofstartingasubsidiaryortakingcontrolofanotherfirm.()
答案:DirectinvestmentTradecreationtendstomorethanoffsettradediversionforahomecountryformingacustomsunionwithpartnercountrieswhen:(1)thetariffrateinthehomecountryishighpriortotheformationofthecustomsunion;(2)therearealargenumberofcountriesformingthecustomsunion.()
答案:对Whenproductsfromhigh-costsupplierswithinacustomsunionreplaceimportsfromalow-costnationthatisnotamemberofthecustomsunion,thereexist(s):()
答案:TradediversionWhichformofeconomicintegrationoccurswhenparticipatingcountriesabolishtariffsontradeamongthemselves,establishacommontariffonimportsfromnonmembers,andpermitfreemovementofcapitalandlaborwithintheorganization?()
答案:CommonmarketIfChileandMexicoformafree-tradeagreement,thewelfareofthetwocountrieswillnecessarilyincrease.()
答案:错Whichofthefollowingrepresentsthestagewhereeconomicintegrationismostcomplete?()
答案:MonetaryunionWhicheconomicintegrationschemeissolelyintendedtoabolishtraderestrictionsamongmembercountries,whilesettingupcommontariffsagainstnonmembers?()
答案:CustomsunionEconomicintegrationistheprocessofeliminatingrestrictionsoninternationaltrade,payments,andfactormobility.()
答案:对Whichofthefollowingrepresentsthestagewhereeconomicintegrationisleastcomplete?()
答案:FreetradeareaForcountriesformingacustomsunion,thetrade-creationeffectrepresentsawelfarelossandthetrade-diversioneffectrepresentsawelfaregain.()
答案:错Customsuniontheoryreasonsthattheformationofacustomsunionwilldecreasemembers'realwelfarewhenthe:()
答案:TradediversioneffectexceedsthetradecreationeffectWhichofthefollowingisNOToneofthemostseriousproblemsfacingdevelopingcountriestoday?()
答案:ThegraduallyreducingfertilityratesWhichofthefollowingisNOToneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?()
答案:Exportvolumecangrowfast.Theinfant-industryargumentstatesthattemporarytradeprotectionisneededtoprotectanewindustryagainstcompetitionfrommoreestablishedandefficientforeignfirms.()
答案:对Whichofthefollowingwouldbemorelikelytohavecountriesusingtradeprimarilyasaventforagriculturalsurplus?()
答案:SoutheastAsiaWhichofthefollowingisoneoftheadvantagesofexport-orientedindustrialization?()
答案:ItovercomesthesmallnessofthedomesticmarketandallowsadevelopingnationtotakeadvantageofeconomiesofscaleFormostdevelopingcountries:()
答案:AgriculturalgoodsandrawmaterialtendtomakeupmuchofdomesticoutputWhichofthefollowingisoneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?()
答案:DomesticindustriescangrowaccustomedtoprotectionfromforeigncompetitionandhavenoincentivetobecomemoreefficientWhichofthefollowingcountriesorareaisNOTcharacterizedbyrapidgrowthingrossdomesticproductinindustrialproductionandmanufacturedexports?()
答案:ChileWhichofthefollowingisnotacharacteristicofadevelopingcountry?()
答案:LowpopulationgrowthrateTotheextentthatsubsidiesgrantedtoexportingfirmsreducetheforeignpriceoftheirgoods,thesubsidizingcountry'stermsoftradeimproved.()
答案:错Animportquotaisaphysicalrestrictiononthequantityofgoodsthatmaybeimportedduringaspecifiedtimeperiod.()
答案:对Comparedtoanimportquota,anequivalenttariffmayprovidealesscertainamountofprotectionforhomeproducerssince:()
答案:ForeignfirmsmayabsorbthetariffbyofferingexportsatlowerpricesIfatariffandanimportquotaleadtoequivalentincreasesinthedomesticpriceofsteel,then:()
答案:TheyhaveidenticalimpactsonhowmuchisproducedandconsumedPredatorydumpingwouldoccurifToyotaInc.ofJapansellsautostoU.S.consumersatlowerpricesthantoJapaneseconsumersinordertoputChryslerInc.outofbusiness.()
答案:对TomaintainthatSouthKoreansaredumpingtheirVCRsintheUnitedStatesistomaintainthat:()
答案:KoreansaresellingVCRsintheUnitedStatesbelowtheirproductioncostBecauseexportsubsidiestendtoresultindomesticexporterscharginglowerpricesontheirgoodssoldoverseas,thehomecountry's:()
答案:TermsoftradewillworsenInternationaldumpingoccurswhenforeignbuyersarechargedhigherpricesthandomesticbuyersforanidenticalproduct,afterallowingfortransportationcostsandtariffduties.()
答案:错Importquotastendtoleadtoallofthefollowingexcept:()
答案:DomesticproducersoftheimportedgoodbeingharmedWhenmaterialinputsenteracountryataverylowdutywhilethefinalimportedproductisprotectedbyahighduty,theresulttendstobeahighrateofprotectionfordomesticproducersofthefinalproduct.()
答案:对Whenagovernmentallowsrawmaterialsandotherintermediateproductstoenteracountrydutyfree,itstariffpolicygenerallyresultsina:()
答案:NominaltariffratelessthantheeffectivetariffrateShouldCanada(alargenantion)imposeatariffonimports,onewouldexpectCanada's:()
答案:TermsoftradetoimproveandvolumeoftradetodecreaseSupposethattheUnitedStateseliminatesitstariffonsteelimports,permittingforeign-producedsteeltoentertheU.S.market.SteelpricestoU.S.consumerswouldbeexpectedto:()
答案:Decrease,andtheforeigndemandforU.S.exportswouldincreaseAnationwhoseimportsconstituteaverysmallportionoftheworldmarketsupplyisapricetaker,facingaconstantworldpriceforitsimportcommodity.()
答案:对Whentheproductionofacommoditydoesnotutilizeimportedinputs,theeffectivetariffrateonthecommodity:()
答案:EqualsthenominaltariffrateonthecommodityTheprincipalbenefitoftariffprotectiongoesto:()
答案:DomesticproducersofthegoodproducedAadvaloremtariffprovidesdomesticproducersadecliningdegreeofprotectionagainstimport-competinggoodsduringperiodsofchangingprices.()
答案:错Ataxof15percentperimporteditemwouldbeanexampleof:()
答案:AdvaloremtariffWhichofthefollowingpoliciespermitsaspecifiedquantityofgoodstobeimportedatonetariffrateandappliesahighertariffratetoimportsabovethisquantity?()
答案:TariffquotaWhichtheorystatesthatanationwilltendtoexportcommoditiesintensiveinitsrelativelyabundantandcheapfactor?()
答案:Heckscher-OhlintheoryWhichmodelstatesthatanationcanshiftfrombeinganetexporterofagoodtoanetimporterofthesamegood?()
答案:ProductcyclemodelIncreasingreturnstoscalegenerallyexistbecauseofgreaterdivisionoflaborandlaborspecializationandspecializedandproductivemachinery.()
答案:对___________involvesinternationaltradeinthedifferentiatedproductsofthesameindustryorbroadproductgroup.()
答案:Intra-industrytradeWith______________,inputsincreaseproportionatelymorethantheincreaseinoutput.()
答案:DecreasingreturnstoscaleWhichofthefollowingwouldleastlikelyapplytotheproductcycletheory?()
答案:CoalThe______________hypothesizesthataportionofinternationaltradeisbasedontheintroductionofnewproductsorprocesses:()
答案:technologicalgapmodelTheproductcyclemodelwasintroducedby:()
答案:RaymondVernonWith______________,inputsincreaseindirectproportiontotheincreaseinoutput.()
答案:constantreturnstoscaleWhichofthefollowingisnotanexampleofacapitalrichnation?()
答案:IndiaInhisempiricaltestofHeckscherandOhlin’smodel,Leontieffoundthat()
答案:theUSimportedmorecapitalintensivegoodsandexportedmorelaborintensivegoods.TheHeckscher-Ohlintheoryisoftenreferredtoas:()
答案:Factor-proportionstheoryandFactor-endowmenttheoryNon-tradedgoodsandservicesarethosethatarenottradedbecauseofinternationalbarrierstoentry,suchasexorbitantimporttariffs.()
答案:错Whichofthefollowingisconsideredtobeashort-runversionofthefactorpriceequalizationtheory?()
答案:SpecificfactorstheoryWhichofthefollowingisapartoftheHeckscher-Ohlinmodelthatstatesinternationaltradewillbringaboutequalizationinthereturnstohomogeneousfactorsacrossnations?()
答案:Factor-priceequalizationtheoremAccordingtothespecificfactorstradetheory:()
答案:Ownersoffactorsspecifictoexportindustriesgainwhentradetakesplace,butownersoffactorsspecifictoimport-competingindustriesloseAssumebothlaborandcapitalarecompletelymobile,andanationiscapitalrich/laborscarce.Inordertoincreasewelfare,whatkindoftradepolicyshouldthegovernmentadapt?()
答案:Notrestricttrade,becauseanydeclineinrealwageswillbematchedwithanevenlargergainbythosewhoowncapitalWhydoincreasingopportunitycostsofproductionoccur?()
答案:FactorsofproductionarenotbeingusedinthesamefixedproportionThetastesordemandpreferencesofanationaregivenby:()
答案:communityindifferencecurvesNationswillhavedifferentproductionpossibilitiesfrontiersbecauseofwhichcharacteristic?()
答案:differencesinfactorendowmentsWhencountriesengageininternationaltrade,specializationtendstobe:()
答案:incompletewithconstantcostsandcompletewithincreasingcostsThemarginalrateoftransformation(MRT)ofXforYrefersto:()
答案:theamountofYthatanationmustgiveuptoproduceeachadditionalunitofX.Increasingopportunitycostsresultinaproductionfrontierthatisconvexfromtheorigin.()
答案:错____________istheamountofonecommoditythatanationmustgiveuptoproduceeachadditionalunitofanother.()
答案:marginalrateoftransformation(MRT)Increasingopportunitycostsresultinaproductionpossibilitiesfrontierthatis___________fromtheorigin.()
答案:concave_______________causeanationtogiveupmoreandmoreofonecommodityinordertoproduceeachadditionalunitofanother.()
答案:IncreasingopportunitycostsWhatisanothernamefortheopportunitycostofacommodity?()
答案:marginalrateoftransformation(MRT)Theratioofonecommoditypricetothepriceofanothercommodityiscal
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