中南财大国际经济学双语期末试卷
国际经济学试卷试题包括答案.docx
《国际经济学》选择题汇总版（附答案）Ch1-Ch31.The United States is less dependent on trade than most other countries becauseA)the United States is a relatively large country with diverse resources.B)the United States is a“ Superpower. ”C)the military power of the United States makes it less dependent on anything.D)the United States invests in many other countries.E)many countries invest in the United States.2. Because the Constitution forbids restraints on interstate trade,A)the U.S. may not impose tariffs on imports from NAFTA countries.B)the U.S. may not affect the international value of the $ U.S.C)the U.S. may not put restraints on foreign investments in California if it involves a financial intermediary in New York State.D)the U.S. may not impose export duties.E)the U.S. may not disrupt commerce between Florida and Hawaii.3.International economics can be divided into two broad sub-fields A) macro and micro.B) developed and less developed.C) monetary and barter.D) international trade and international money.E) static and dynamic.4.International monetary analysis focuses onA)the real side of the international economy.B)the international trade side of the international economy.C)the international investment side of the international economy.D)the issues of international cooperation between Central Banks.E)the monetary side of the international economy, such as currency exchange.5.The gravity model offers a logical explanation for the fact thatA)trade between Asia and the U.S. has grown faster than NAFTA trade.B) trade in services has grown faster than trade in goods.C) trade in manufactures has grown faster than in agricultural products.D) Intra-European Union trade exceeds international trade by the EuropeanUni on.E) the U.S. trades more with Western Europe than it does with Canada.6.The 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 trade is relatively more important than other forms of tradebetween neighboringcountries.E)European countries rely most often on natural resources.7. Why does the gravity model work?A)Large economies became large because they were engaged in international trade.B)Large economies have relatively large incomes, and hence spend more on governm ent promotion of trade and investment.C)Large economies have relatively larger areas which raises the probability that a pro ductive activity will take place within the borders of that country.D)Large economies tend to have large incomes and tend to spend more on impor ts.E) Large economies tend to avoid trading with small economies.8.We see that the Netherlands, Belgium, and Ireland trade considerably more with the United States than with many other countries.A)This is explained by the gravity model, since these are all large countries.B)This is explained by the gravity model, since these are all small countries.C)This fails to be consistent with the gravity model, since these are smallcountri es.D)This fails to be consistent with the gravity model, since these are large countries.E)This is explained by the gravity model, since they do not share borders.9.In the present, most of the exports from Chinaare A) manufactured goods.B) services.C)primary products including agricultural.D) technology intensive products.E) overpriced by world market standards.10.A country engaging in trade according to the principles of comparative advantage gains from trade because itA) is producing exports indirectly more efficiently than it could alternatively.B) is producing imports indirectly more efficiently than it could domestically.C) is producing exports using fewer labor units.D) is producing imports indirectly using fewer labor units.E) is producing exports while outsourcing services.11.The Ricardian model attributes the gains from trade associated with the principle o f comparative advantage result toA) differences in technology.B)differences in preferences.C)differences in labor productivity.D)differences in resources.E)gravity relationships among countries.12. A nation engaging in trade according to the Ricardian model will find itsconsump tion bundleA)inside its production possibilities frontier.B)on its production possibilities frontier.C)outside its production possibilities frontier.D)inside its trade-partner's production possibilities frontier.E)on its trade-partner's production possibilities frontier.13.Assume that labor is the only factor of production and that wages in the United Sta tes equal $20 per hour while wages in Japan are $10 per hour. Production costs would be lower in the United States as compared to Japan ifA)U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour.B)U.S. labor productivity equaled 30 units per hour and Japan's 20 units per hour.C)U.S. labor productivity equaled 20 units per hour and Japan's 30 units per hour.D)U.S. labor productivity equaled 15 units per hour and Japan's 25 units per hour.E)U.S. labor productivity equaled 15 units per hour and Japan's 40 units per hour.14.In a two-country, two-product world, the statement“ Germanyenjoys acomparativ e advantage over France in autos relative toships ”is equivalent toA) France having a comparative advantage over Germany in ships.B) France having a comparative disadvantage compared to Germany in autos and ship s.C) Germany having a comparative advantage over France in autos and ships.D) France having no comparative advantage over Germany.E) France should produce autos.15.If the United States' production possibility frontier was flatter to the widget axis, whereas Germany's was flatter to the butter axis, we know thatA)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.Ch4-Ch51.The Ricardian model of international trade demonstrates that trade can bemutually beneficial. Why, then, do governments restrict imports of some goods?A)Trade can have substantial effects on a country's distribution of income.B)The Ricardian model is often incorrect in its prediction that trade can bemutually 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 standar ds of qualityE) Restrictions on imports are intended to benefit domestic consumers.2.Japan's trade policies with regard to rice reflect the fact thatA) japanese rice farmers have significant political power.B) Japan has a comparative advantage in rice production and therefore exports most o f its rice crop.C) there would be no gains from trade available to Japan if it engaged in free trade in r ice.D) there are gains from trade that Japan captures by engaging in free trade in rice.E) Japan imports most of the rice consumed in the country.3.In the specific factors model, which of the following is treated as a specific factor?A)LaborB)LandC)ClothD)FoodE)Technology4.The specific factors model assumes that there are ________ goods and ________ fa ctor(s) of production.A) two; threeB) two; two C)two; one D)three; two E)four; three5.The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equa l to ________ and it ________ as more cloth is produced.A)-MPLF/MPLC; becomes steeperB)-MPLF/MPLC; becomes flatterC)-MPLF/MPLC; is constantD)-MPLC/MPLF; becomes steeperE)-MPLC/MPLF; is constant6.Under perfect competition, the equilibrium price of labor used to produce clothwill be equal toA)the slope of the production possibility frontier.B)the average product of labor in the production of cloth times the price of cloth.C)the ratio of the marginal product of labor in the production of cloth to the marginal product of labor in the production of food times the ratio of the price of cloth. to the price of food.D)the marginal product of labor in the production of cloth times the price of cloth.E)the price of cloth divided by the marginal product of labor in the production of clot h.7.In the specific factors model, which of the following will increase the quantity ofla bor used in cloth production?A)an increase in the price of cloth relative to that of foodB) an increase in the price of food relative to that ofcloth C) a decrease in the price of laborD) an equal percentage decrease in the price of food and clothE) an equal percentage increase in the price of food and cloth8.A country that does not engage in trade can benefit from trade only ifA)it has an absolute advantage in at least one good.B)it employs a unique technology.C)pre-trade and free-trade relative prices are not identical.D)its wage rate is below the world average.E)pre-trade and free-trade relative prices are identical.9.In the specific factors model, the effects of trade on welfare are ________ for mobil e 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; positive C)positive; ambiguous; ambiguous D)negative; ambiguous; ambiguous E)positive; positive; positive10.The effect of trade on specialized employees of import-competing industries willb e ________ jobs and ________ pay because they are relatively ________.A)fewer; lower; mobileB)fewer; lower; immobileC)more; lower; immobileD)more; higher; mobileE)more; higher; immobile11. There is a bias in the political process against free trade becauseA)there is a high correlation between the volume of imports and the unemployment ra te.B)the gains from free trade cannot be measured.C)those who gain from free trade can't compensate those who lose.D)foreign governments make large donations to U.S. political campaigns.E) those who lose from free trade are better organized than those who gain.12.In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differin A)tastes and preferences.B)military capabilities.C)the size of their economies.D)relative abundance of factors of production.E)labor productivities.13.If a country produces good Y (measured on the vertical axis) and good X (measure d on the horizontal axis), then the absolute value of the slope of its production possibil ity frontier is equal toA)the opportunity cost of good X.B) the price of good X divided by the price of good Y.C) the price of good X divided by the price of goodY. D) the opportunity cost of good Y.E)the cost of capital (assuming that good Y is capital intensive) divided by the costof labor.14.In the 2-factor, 2 good Heckscher-Ohlin model, trade will ________ the owners ofa country's ________ factor and will ________ the good that uses that factor intensiv ely.A)benefit; abundant; exportB)harm; abundant; importC)benefit; scarce; exportD)benefit; scarce; importE)harm; scarce; export15.The assumption of diminishing returns in the Heckscher-Ohlin model means that, unlike in the Ricardian model, it is likely thatA) countries will consume outside their production possibility frontier.B) countries will benefit from free international trade.C) countries will not be fully specialized in one product.D)comparative advantage will not determine the direction of trade.E)global production will decrease under trade.16.If Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic coun tries will result inA)an increase in the relative price of food in the U.S.B)an increase in the relative price of food in Japan.C)a global increase in the relative price of food.D)a decrease in the relative price of food in both countries.E)an increase in the relative price of food in both countries.17.Starting from an autarky (no-trade) situation with Heckscher-Ohlin model, if Coun try H is relatively labor abundant, then once trade beginsA) rent will be unchanged but wages will rise in H.B) wages and rents should rise in H.C) wages and rents should fall in H.D) wages should fall and rents should rise in H.E) wages should rise and rents should fall in H.18.The 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 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.19. Which of the following is an assertion of the Heckscher-Ohlin model?A)Factor price equalization will occur only if there is costless mobility of all factors a cross borders.B)An increase in a country's labor supply will increase production of both the capital-intensive and the labor-intensive good.C)In the long-run, labor is mobile and capital is not.D)The wage-rental ratio determines the capital-labor ratio in a country's industr ies.E)Factor endowments determine the technology that is available to a country, which determines the good in which the country will have a comparative advantage.20. Which of the following is an assertion of the Heckscher-Ohlin model?A)An increase in a country's labor supply will increase production of the labor-i ntensive good and decrease production of the capital-intensive good.B)An increase in a country's labor supply will increase production of both the capital-intensive and the labor-intensive good.C)In the long-run, labor is mobile and capital is not.D)Factor price equalization will occur only if there is costless mobility of all factors a cross borders.E)Factor endowments determine the technology that is available to a country, which determines the good in which the country will have a comparative advantage.Ch6-Ch101.If the ratio of price of cloth (PC) divided by the price of food (PF) increases in thei nternational marketplace, thenA)the terms of trade of cloth exporters will improve.B)all countries would be better off.C)the terms of trade of food exporters will improve.D)the terms of trade of all countries will improve.E) the terms of trade of cloth exporters will worsen.2.If the ratio of price of cloth (PC) divided by the price of food (PF) increases in thei nternational marketplace, thenA)world relative quantity of cloth supplied will increase.B)world relative quantity of cloth supplied and demanded will increase.C)world relative quantity of cloth supplied and demanded will decrease.D)world relative quantity of cloth demanded will decrease.E)world relative quantity of food will increase.3.If the U.S. (a large country) imposes a tariff on its imported good, this will tend toA)have no effect on terms of trade.B)improve the terms of trade of the United States.C)improve the terms of trade of all countries.D)because a deterioration of U.S. terms of trade.E)raise the world price of the good imported by the United States.4.If Slovenia were a large country in world trade, then if it instituted a large set of sub sidies for its exports, this mustA)decrease its marginal propensity to consume.B)have no effect on its terms of trade.C)improve its terms of trade.D)harm its terms of trade.E)harm world terms of trade.5.Internal economies of scale arise when the cost per unitA)falls as the average firm grows larger.B)rises as the industry grows larger.C)falls as the industry grows larger.D)rises as the average firm grows larger.E)remains constant over a broad range of output.6. External economies of scale will ________ average cost when output is ________ by _______.A)reduce; increased; the industryB)reduce; increased; a firmC)increase; increased; a firmD)increase; increased; the industryE)reduce; reduce; the industry7.If some industries exhibit internal increasing returns to scale in each country, we sh ould not expect to seeA) perfect competition in these industries.B) intra-industry trade between countries.C)inter-industry trade between countries.D)high levels of specialization in both countries.E)increased productivity in both countries.8.A learning curve relates ________ to ________ and is a case of ________ returns.A) unit cost; cumulative production; dynamic decreasing returnsB)output per time period; long-run marginal cost; dynamic increasing returnsC)unit cost; cumulative production; dynamic increasing returnsD)output per time period; long-run marginal cost; dynamic decreasing returnsE)labor productivity; education; increasing marginal returns9.Patterns of interregional trade are primarily determined by ________ rather than __ ______ because factors of production are generally ________.A)external economies; natural resources; mobileB)internal economies; external economies; mobileC)external economies; population; immobileD)internal economies; population; immobileE)population; external economies; immobile10.Monopolistic competition is associatedwith A) product differentiation.B) price-taking behavior.C) explicit consideration at the firm level of the strategic impact of other firms' pricing decisions. D) high profit margins in the long run.E) increasing returns to scale.11.A firm in long-run equilibrium under monopolistic competition will earnA)positive monopoly profits because each sells a differentiated product.B)zero economic profits because of free entryC)positive oligopoly profits because each firm sells a differentiated product.D)negative economic profits because it has economies of scale.E)positive economic profit if it engages in international trade.12.The most common form of price discrimination in international tradeis A) dumping.B) non-tariff barriers.C) Voluntary Export Restraints.D) preferential trade arrangements.E) product boycotts.13.Consider the following two cases. In the first, a U.S. firm purchases 18% of a forei gn firm. In the second, a U.S. firm builds a new production facility in a foreign countr y. Both are ________, with the first referred to as ________ and the second as ______ __.A)foreign direct investment (FDI) outflows; brownfield; greenfieldB)foreign direct investment (FDI) inflows; greenfield; brownfieldC)foreign direct investment (FDI) outflows; greenfield; brownfieldD)foreign direct investment (FDI) inflows; brownfield; greenfieldE)foreign direct investment (FDI); inflows; outflows14. Specific tariffs areA)import taxes stated in specific legal statutes.B)import taxes calculated as a fixed charge for each unit of imported goods.C)import taxes calculated as a fraction of the value of the imported goods.D)the same as import quotas.E)import taxes calculated based solely on the origin country.15.A problem encountered when implementing an "infant industry" tariff isthat A) domestic consumers will purchase the foreign good regardless of thetariff. B) the industry may never "mature."C)most industries require tariff protection when they are mature.D)the tariff may hurt the industry's domestic sales.E)the tariffs fail to protect the domestic producers.16.In the country levying the tariff, the tariff will A)increase both consumer and producer surplus.B) decrease both the consumer and producer surplus.C) decrease consumer surplus and increase producer surplus.D) increase consumer surplus and decrease producer surplus.E) decrease consumer surplus but leave producers surplus unchanged.17.If the tariff on computers is not changed, but domestic computer producers shift fr om domestically produced semiconductors to imported components, then the effective rate of protection in the computer industry willA) increase.B) decreaseC) remain the same.D)depend on whether computers are PCs or "Supercomputers."E)no longer apply.18.When a government allows raw materials and other intermediate products to enter a country duty free, this generally results in a(an)A) effective tariff rate less than the nominal tariff rate.B) nominal tariff rate less than the effective tariff rate.C) rise in both nominal and effective tariff rates.D) fall in both nominal and effective tariff rates. E) rise in only the effective tariff rat e.19.Should the home country be "large" relative to its trade partners, its imposition ofa tariff on imports would lead to an increase in domestic welfare if the terms of thetra de rectangle exceed the sum of theA) revenue effect plus redistribution effect.B) protective effect plus revenue effect.C) consumption effect plus redistribution effect.D)production distortion effect plus consumption distortion effect.E)terms of trade gain.20.The efficiency case made for free trade is that as trade distortions such as tariffs ar e dismantledand removed,A) government tariff revenue will decrease, and therefore national economic welfare will decreaseB) government tariff revenue will decrease, and therefore national econo mic welfare will increase.C) deadweight losses for producers and consumers will decrease, henceincreasin g national economic welfare.D)deadweight losses for producers and consumers will decrease, hence decreasing na tional economic welfare.E)government tariff revenue will increase, hence increasing national economic welfar e.21.Which organization determines procedures for the settlement of international trade disputes?A)World BankB)World Trade OrganizationC)International Monetary OrganizationD)International Bank for Reconstruction and DevelopmentE)The League of Nations22.Today U.S. protectionism is concentratedin A) high-tech industries.B) labor-intensive industries.C) industries in which Japan has a comparative advantage.D)computer intensive industries.E)capital-intensive industries.23.The quantitative importance of U.S. protection of the domestic clothing industryis best explained by the fact thatA)this industry is an important employer of highly skilled labor.B)this industry is an important employer of low skilled labor.C)most of the exporters of clothing into the U.S. are poor countries.D)this industry is a politically well organized sector in the U.S.E)the technology involved is very advanced.欢迎下载1124.The optimum tariff is most likely to applyto A) a small tariff imposed by a small country.B) a small tariff imposed by a large country. C)a large tariff imposed by a small country. D) alarge tariff imposed by a large country. E) anad valorem tariff on a small country.25.The median voter modelA)works well in the area of trade policy.B)is not intuitively reasonable.C)tends to result in biased tariff rates.D)does not work well in the area of trade policy.E)is not widely practiced in the United States.欢迎下载12。
国际经济学英文期末考试模拟试题含答案
国际经济学英文期末考试模拟试题含答案一、True or False (10*1’=10’)1. Trade is a zero-sum activity; if one country gains, the other must lose.2. A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production possibilities schedule is tangent to an indifference curve.3. The factor endowments model predicts that international tradewill tend to equalize the prices of trade-able goods among nations, but to increase the wage gap between capital-abundant and labor-abundant nations.4. A tax of 10 percent on imports of shoes would be an example of a specific tariff.5. An import quota will not raise the domestic price of the product as would a tariff, because it is not a tax on imports.6. In balance-of-payments account, a transaction resulting in receipt of a payment is recorded as a credit, whereas a transaction resulting in a payment to other nations is recorded as a debit.7. Because they do not include an exchange of goods or services, unilateral transfers do not appear on a nation's balance of payments account.8. David Hume was one of the first economists to provide analytical support for mercantilist trade policies. 9. A nation would be mostlikely to find its trade balance improving after a currency depreciation if that nation’s demandfor imports and foreign demand for its exports was very inelastic.10. A nation with neither a balance of payments surplus nor a balance of payments deficit is said to be in internal balance. 二、choices(15*3’=45’)1. The law of comparative advantagea). was ratified by the World Trade Organization b). explains howall countries can benefit when each specializes in producing items in which it has the greatest relative efficiencyc). explains how only the most efficient nations can benefit from traded). is used to evaluate a country’s military strength2. The theory of absolute advantage was developed by a. the Mercantilistsb. David Humec. Adam Smithd. David Ricardo3. David Ricardo developed the principle of comparative advantage showing thata. a nation must be the least-cost producer of a good in order to export that itemb. no nation could have an absolute advantage in all goodsc. in a two-country example, only one nation can have a comparative advantaged. even a nation that has lower productivity in all goods canbenefit by exporting the item in which it is relatively less inefficient4. An indifference curvea. shows that most people really are indifferent about international tradeb. shows the demand preferences of consumersc. reflects the relative costs of production within a nationd. indicates how much labor a country has5. To maximize its satisfaction, a nation will ensure that itsterms-of-trade linea. is tangent to its production possibilities frontier at one point (production point) and also to the highest attainable indifference curve at another point (consumption point)b. is tangent to its production possibilities frontier andintersects an indifference curvec. intersects its production possibilities frontier and is tangentto an indifference curved. intersects its production possibilities frontier at one point and an indifference curve at another point 6. Factor-price equalization predicts that with international tradea. the price of a nation’s abundant factor will rise and that ofits scarce factor will fallb. the price of a nation’s abundant factor will fall and that ofits scarce factor will risec. the prices of a nation’s abundant and scarce factors bothwill rised. the prices of a nation’s abundant and scarce factors bothwill fall7. The effective rate of protectiona. distinguishes between tariffs that are effective and those that are ineffectiveb. is the minimum level at which a tariff becomes effective in limiting importsc. shows the increase in value-added for domestic productionthat a particular tariff structure makes possible, in percentage termsd. shows how effective a tariff is in raising revenue 8. The institutional framework developed in 1947 to promote tradeliberalization is known asa. the GATTb. the WTOc. the IMFd. The World Bank9. Developing nationsa. have very limited involvement in international tradeb. trade mostly with each otherc. rely heavily on exports of primary products to industrial nationsd. rely heavily on exports of manufactured products 10. A customs union is unique in that ita. has no tariffs on trade among member nationsb. has no tariffs on trade among member nations and a common set of tariffs on imports from non-membersc. has no tariffs on trade among member nations, a common set of tariffs on imports from non-members, and free mobility of factors of production such as labor and capital among membersd. allows unrestricted labor immigration from non-member nations11. A nation's balance of payments statementa. is a record of that nation's assets abroad and its liabilities to those from other nationsb. is an accounting adjustment process ensuring that a nation's exports will be equal to its importsc. does not include transactions of foreign citizens or companies living or operating within that nationd. is a record of the economic transactions between residents of that nation and the rest of the world, usually for a period of one year.12. Since balance-of-payments accounting is a double-entry accounting system, an export of U.S. wheat to Mexico paid for by a deposit to the U.S. exporters account in a Mexican bank would be recorded on the U.S. balance of payments as a. a credit for merchandise exports and a credit to short-term financial flowsb. a credit for merchandise exports and a debit to short-term financial flows.c. a credit for merchandise exports and a debit to unilateral transfersd. a credit for merchandise exports and a debit to officialsettlements13. The foreign-exchange marketa. is located in New Yorkb. is a market in Chicago for the international trading of commodities such as wheat or copper.c. is a mechanism for individuals and institutions to exchange one national or regional currency or debt instrument for those of other nations or regions.d. is open from 9:00 a.m. to 3:00 p.m. New York time, Monday through Friday.14. Market fundamentals that might be expected to influence exchange rate movements include all of the following factors excepta. differences in real income growth rates between countriesb. differences in real interest rates between countriesc. speculative opinion about future exchange ratesd. changes in perceivedprofitability of economic investments between two countries15. If inflation is higher in Mexico than in the United States, the law of one price would predict thata. trade between Mexico and the United States would declineb. the dollar price of autos purchased in Mexico would be higherthan the dollar price of comparable autos purchased in the United Statesc. the peso would appreciate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation ratesd. the peso would depreciate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation rates三、Questions(45’, answer these questions in Chinese)1. Assume that labor is the only factor used in production, and that the costs of producing butter and cloth are given by the tablebelow.(8’)Cost in labor-hours toHome Foreignproduce1 unit of butter 1/8 11 unit of cloth 1/4 1/2(1) Express the price of butter relative to the price of cloth in terms of labor content for Home and Foreign in the absence of trade.(2) What do these relative prices reveal about each country’scomparative advantage?(3) What do these relative prices suggest about the world priceof butter relative to cloth that will exist once these countries trade with each other?(4) If the world price stabilizes at 1 with trade, what are the gains by the Home country achieved through trade with the Foreign country?2. Explain the immiserizing growth and list the case for immiserizing growth to be occur. (8’)3. Ex plain the exchange rate overshooting theory (8’)4. Suppose that the nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the United Kingdom, and the rate of inflation is 10 percent in the United States and 4 percent in the United Kingdom.(9’)(1) What is the real interest rate in each nation? (2) In which direction would international investment flow in response to these real interest rates?(3) What impact would these investment flows have on the dollar’s exchange value?5. What effects does labor migration have on the country of immigration? The country of emigration? The world as a whole?(12’) 国际经济学模拟习题(3)参考答案一、判断题(每题1分，共10分) ?? ? ? ? ? ? ? ? ?二、选择题(每题3分，共45分) bcdba acacb dbccd三、简答题(共45分)1、(1) 封闭条件下，本国可以用一半的生产一单位布的劳动时间生产一单位黄油。
中南财大国际经济学双语期末试卷
中南财经政法大学——学年第—-学期期末考试试卷国际经济学（闭卷）卷学院专业年级班级课堂号姓名一二三四五六总分得分评卷人（单选，共20题，每题2分）1, Under Ricardian model, If one country's wage level is very high relative to the other's (the relative wage exceeding the relative productivity ratios), then ( )A.it is not possible that producers in each will find export markets profitable.B.it is not possible that consumers in both countries will enhance their respectivewelfares through imports.C.it is not possible that both countries will find gains from trade.D.it is possible that both will enjoy the conventional gains from trade.2, According to Ricardo, a country will have a comparative advantage in the product in which its ( )bor productivity is relatively low.bor productivity is relatively high.bor mobility is relatively low.bor mobility is relatively high.3, If Australia has more land per worker, and Belgium has more capital per worker, then if trade were to open up between these two countries, ( )A.Australia would export the land-intensive product.B.Belgium would import the capital-intensive product.C.Both countries would export some of each product.D.Trade would not continue since Belgium is a smaller country.4, Under The Specific Factors model, At the production point the production possibility frontier is tangent to a line whose slope is ( )A.the price of manufactures.B.the relative wage.C.the real wage.D.the relative price of manufactures.5, The Heckscher-Ohlin model predicts all of the following except:A.which country will export which product. ( )B.which factor of production within each country will gain from trade.C.the volume of trade.D.that wages will tend to become equal in both trading countries.6, If P C / P F were to increase in the international marketplace, then ( )A.all countries would be better off.B.the terms of trade of cloth exporters improve.C.the terms of trade of food exporters improve.D.the terms of trade of all countries improve.7, When the production possibility frontier shifts out relatively more in one direction, we have ( )A.biased growth.B.unbiased growth.C.immiserizing growth.D.balanced growth.8, If Slovenia were a large country in world trade, then if it instituted a large set of subsidies for its exports, this must ( )A.cause retaliation on the part of its trade partners.B.harm Slovenia's real income.C.improve Slovenia's real income.D.improve the real income of its trade partners.9, A lower tariff on imported steel would most likely benefit ( )A.foreign producers at the expense of domestic consumers.B.domestic manufacturers of steel.C.domestic consumers of steel.D.workers in the steel industry.10, If the poor AID(aid of international development) recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid will ( )A.worsen the . terms of trade.B.improve the . terms of trade.C.leave the world terms of trade unaffected.D.worsen the terms of trade of both donor and recipient countries.11, A large country experiencing import-biased economic growth will tend to experience ( )A.no change in terms of trade.B.deteriorating terms of trade.C.improving terms of trade.D.immiserizing terms of trade.12, The most common form of price discrimination in international trade is ( )A.non-tariff barriers.B.V oluntary Export Restraints.C.dumping.D.preferential trade arrangements.13, An appreciation of a country’s currency ( )A.decreases the relative price of its exports and lowers the relative price ofits imports.B.raises the relative price of its exports and raises the relative price of itsimports.C.lowers the relative price of its exports and raises the relative price of itsimports.D.raises the relative price of its exports and lowers the relative price of itsimports.14, Under Purchasing Power Parity, ( )A.E$/E = P i US/ P i E.B.E$/E = P i E / P i US.C.E$/E = P US / P E.D.E$/E = P E / P US.15, Under the monetary approach to the exchange rate, ( )A. a reduction in the money supply will cause immediate currencydepreciation.B. a rise in the money supply will have no effect on exchange rate.C. a rise in the money supply will cause immediate currency appreciation.D. a rise in the money supply will cause a proportional long-run currencydepreciation.16, When EP*/P rises, ( )A.IM will rise.B.IM may rise or fall.C.IM will fall.D.IM is not affected.17, In the short run, a temporary increase in fiscal policy causes ( )A.a shift of the DD curve to the left, an increase in output, andcurrency appreciation.B. a shift of the DD curve to the right, an increase in output, andcurrency appreciation.C. a shift of the DD curve to the right, an increase in output, andcurrency depreciation.D.a shift of the DD curve to the left, a decrease in output, andcurrency depreciation.18, How does a rise in real income affect aggregate demand? ( )A.Y ↑→ Yd ↑→Im ↑→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by more.B.Y ↑→ Yd ↑→Im ↓→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by more.C.Y ↑→ Yd ↑→Im ↑→CA ↑→AD ↑, and Y ↑→ Yd ↑→ C ↑→ AD ↑.D.Y ↑→ Yd ↑→Im ↑→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by less. 19, Under fixed rates, which one of the following statements is the most accurate? ( )A.Monetary policy can affect only output.B.Monetary policy can affect only employment.C.Monetary policy can affect only international reserves.D.Monetary policy can not affect international reserves.20, Under fixed exchange rate, which one of the following statements is the most accurate? ( )A.Devaluation causes a rise in output.B.Devaluation causes a decrease in output.C.Devaluation has no effect on output.得分评卷人共5题，每题6分)1,An Economy can produce goods A using labor and capital and goods B using labor and land. Calculate the effects of the fall in the relative price of goods B on the income of the specific factors capital and land.2, suppose that one country subsidizes its exports and the other country imposes a countervailing tariff that offsets its effect, so that in the end relative price in the second country are unchanged. What happens to the terms of trade? What about welfare in the two countries?3, Describe the pattern of trade under H-O model.4, International trade leads to complete equalization of factor prices. Discuss.5,What is the Fisher Effect? Provide an example.6,Suppose E is fixed at E0 and that the asset markets are in equilibrium.Suddenly output rises. What monetary measures keep the current exchange rate constant given unchanged expectations about the future rate?得分评卷人（共1题，10分）A small country imports peanuts at the price of $10 per bag. The demand curve is D=400-10P. The supply curve is S=50+5PDetermine the free trade equilibrium. Then calculate and graph the following effects: A: The increase in the domestic priceB: The quota rentsC: The consumption distortion lossD: The production distortion loss.得分评卷人四．Essay Questions（共2题，每题10分）1,Comparing the interindustry trade and intraindustry trade.2, Construct a table that will summarize the effects of money market and output market changes on the long-run nominal dollar/ euro exchange rate.中南财经政法大学---------学年第----学期期末考试答案和评分标准课程名称：《国际经济学》（）卷课程代号：_02013020_考试形式：闭卷使用对象：1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 题号答D B A D C B A D C B C C D C D B B A C A 案1,Because good B uses land, a fall in its relative price will result in a fall in rental rates on land, and an increase in the return to capital.2,The first country is worse off by subsidy and a foreign tariff while the second one is better off by subsidy in the first one and its own tariff.3, Countries tend to export goods whose production is intensive in factors with which they are abundantly endowed.4,This statement is typically "true…but". Under a stri ct and limited set of assumptions, such as the original Heckscher-Ohlin model which excludes country specific technologies; non- homothetic tastes; factor intensity reversals; large country differences in (relative) factor abundances, and more factors than goods, then it may be demonstrated that internal consistency demands that the above stated sentence is "true". However, the minute one relaxes any of the above listed assumptions one may easily identify solutions, which contradict the factor price equalization theorem.5, All else equal, a rise in a country’s expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer. Similarly, a fall in the expected inflation rate will eventually cause a fall in the interest rate.6, •Since output rises, demand for domestic money rises; this increase in money demand normally pushes the domestic interest rate upwards. To prevent appreciation of home currency (given E0is expected) the central bank buys foreign assets in foreign exchange market.•This eliminates excess demand for domestic money because the central bank issues money to pay for the foreign assets it buys.•The bank increases the money supply in this way until asset markets clear with E = E0 and R = R*.三．计算题A: D-S=50,P=20（3分）B: (20-10)*50=500（3分）C: 100*10*=500（2分）D:50*10*=250（2分）四．论述题1, Interindustry trade reflect comparative advantage while intraindustry trade doesnot reflect comparative advantage.（4分）The pattern of intraindustry trade itself is unpredictable while interindustry trade is predictable.（3分）The relative importance of intraindustry and interindustry trade depends on how similar countries are.（3分）change Effect on the long-run nominaldollar/euro exchange ratmoney marketincrease in money supply level Proportional increaseincrease in European money supply level Proportional decreaseincrease in money supply growth rate increaseincrease in European money supplydecreasegrowth rateOutput marketIncrease in demand for output DecreaseIncrease in demand for European output increaseOutput supply increase in . AmbiguousOutput supply increase in Europe. Ambiguous。
国际经济学期末考试卷及答案
国际经济学半期考试题及答案1、假设中美两国都生产大米和小麦，且劳动是唯一的生产要素，两国有相同的劳动力资源，都是100人。
由于生产技术的不同，产出是不同的。
如果两国所有的劳动都用来生产大米，假设中国可以生产100吨，美国只能生产150吨。
如果两国的劳动都用来生产小麦，假设中国能生产50吨，而美国能生产100吨。
（1）请判断中国和美国分别在生产那种产品上有优势（2）如果发生自由贸易，中美两国会分别出口哪种产品，请确定大米的世界市场相对价格的范围？（3）画图说明自由贸易发生前后中美两国的福利变化。
2、作图说明什么是“悲惨增长”，并说明悲惨增长实现的条件。
3．如果假定法国生产葡萄和汽车，资本是特定要素（生产葡萄所用的资本不能流动到汽车生产行业）。
工人可以在这两个部门之间自由流动。
在特定要素模型的框架内，如果世界市场上葡萄的价格上升5％，讨论国内要素的报酬怎样变化。
4、叙述罗伯津斯基定理的内容，并作图分别说明在大国和小国的情况下，出口部门所密集使用的要素增长对贸易条件的影响。
5、A 、B 两国在封闭条件下的状态如下图所示，请继续作图，画出自由贸易发生以后A 、B 两国的福利变化和贸易三角。
6、画图说明关税和出口补贴所引起的进口国福利的变化。
7、画图说明什么是持续性倾销并说明持续性倾销存在的条件。
8、假设某一国拥有20000单位的劳动，X 、Y 的单位产出所要求的劳动投入分别为5个单CIC 0 钢铁 大米 B 国 S A =C A S B =C B钢铁 大米 A 国位和4个单位，试画出生产可能性边界；如果X 的国际市场相对价格为2，进口量为2000个单位，试确定该国的出口量。
1、解：依题意可知，两国劳动生产率为：中 美大米劳动生产率 1 1．5小麦劳动生产率 0．5 1以下均用A 表示中国，B 表示美国，X 表示大米，Y 表示小麦，a 、b 分别表示中美两国生产率。
（1）美国在大米与小麦生产上均占绝对优势因为1 1.52> 1.50.51x x y y a b a b ====1 1.52> 1.50.51x x y y a b a b ====所以中国在生产大米上具有比较优势，美国在生产小麦上占有比较优势。
《国际经济学》期末考试试卷附答案
《国际经济学》期末考试试卷附答案一、判断正（√）、误（×）题（2’×10）（）1．若大学教师用大部分时间来搞研究，可能会出更多的成果，但机会成本是备课时间减少，从而会影响课堂教学的质量。
（）2．“个税起征点提高至3000元，将促进内需增加”是实证经济学命题。
（）3．需求量的变动是引起均衡价格波动的直接原因。
（）4．因随消费量增加总效用会增加，所以商品需求曲线应呈正斜率。
（）5．无差异曲线与预算线相切时，消费者实现了效用最大化。
（）6．AP曲线一定经过MP曲线的最高点，并与X轴相交。
（）7．变动成本VC就是总成本TC曲线的斜率。
（）8．完全竞争厂商实现长期均衡的条件为：MR=MC=AR=AC。
（）9．GDP即国内生产总值，是一个流量指标。
（）10．从总供给看，四部门的国民收入应为：Y=C+S+T+X。
二、单项选择题（2’×15）1．经济学可定义为（）。
A．研究政府对市场制度的调节问题Ｂ．研究稀缺资源的配置效率问题C．研究企业如何赚取利润的问题D．研究如何使人变得更无私，以缓解资源稀缺性问题2．海南离岛免税政策的正式实施，使海南旅游市场（）迅速增加。
A．供给B．供给量C．需求D．需求量3．消费者剩余是指消费者（）。
Ａ．实际支付的金额Ｂ．愿意支付的金额C．获得额外的满意程度D．愿意支付金额与实际支付金额之差4．当某消费者由商品X的消费获得的边际效用MU X = 0时，（）。
Ａ．TU X = 0 Ｂ．TU X达最大Ｃ．TU X上升D．TU X下降5．如果某商品的价格下跌10%，引起需求量增加20%，则该商品（）。
A．需求富有弹性B．需求单一弹性C．需求缺乏弹性D．需求完全弹性6．当其他条件不变时，农民收入的增加会使其（）向右移动。
Ａ．预算线Ｂ．无差异曲线Ｃ．供给曲线D．边际收益曲线7．当单个可变要素的投入量处于合理区域时，必然有（）。
Ａ．TP开始下降Ｂ．MP开始上升Ｃ．AP≥MP D．AP≤MP8．在短期内，AC与AVC之间的垂直距离（）。
(完整)《国际经济学》期末复习试卷5份和试题库(含答案)解析,推荐文档
《国际经济学》模拟试题及参考答案（一）一、名词解释（每小题5 分，共20 分）1.要素禀赋2.倾销3.黄金输送点4.三元悖论二、单项选择题：从下列每小题的四个选项中，选出一项正确的，将其标号填在题后的括号内。
（每小题2 分，共20 分）2.根据相互需求原理，两国均衡的交换比例取决于（）A 两国的绝对优势B 两国的比较优势C 两国的相对需求强度D 两国的要素禀赋3.在当今的国际贸易格局中，产业内贸易更容易发生于（）A 发展中国家与发达国家B 发达国家与发达国家C 发展中国家与发展中国家D 发展中国家和最不发达国家4.课征关税会增加生产者剩余，减少消费者剩余，社会总福利的变化将（）A 上升B 降低C 不变D 不确定5.以下选项中，哪个选项不属于国际收支统计中居民的概念？（）A 外国企业B 非盈利机构C 国际经济组织D 政府7.布雷顿森林体系创立了（）A 以英镑为中心的固定汇率制度B 以美元为中心的固定汇率制度C 以英镑为中心的有管理的浮动汇率制度D 以美元为中心的有管理的浮动汇率制度8.在下列投资方式中，属于国际间接投资的是（）A 在国外设立分公司B 在国外设立独资企业C 在国外设立合资企业D 购买国外企业债券9.经济非均衡的无形传导方式不包括（）A 技术转让B 信息交流C 信息回授D 示范效应10.在斯图旺表中第三象限表示（）A 通货膨胀与国际收支顺差并存B 衰退与国际收支顺差并存C 衰退与国际收支逆差并存D 通货膨胀与国际收支逆差并存三、判断正误题：正确的命题在括号里划"√"，错误的命题在括号里划"×"。
（每小题2 分，共20 分）1.亚当。
斯密的绝对利益学说和大卫•李嘉图的比较利益学说都是从劳动生产率差异的角度来解释国际贸易的起因。
（）2.出口的贫困化增长现象是一种普遍存在的现象，几乎所有国家都曾出现过，并且很难避免。
（）3.国际贸易与国内贸易有相同的起因和特征，彼此之间不存在本质上的差别。
大学国际经济学期末考试复习试卷以及试题库(含答案)
国际经济学期末考试复习题库一、名词解释：1、绝对优势：如果一国在某种产品生产上的劳动生产率高于另一国，或在劳动成本上低于另一国，则认为该国在该产品生产上具有绝对优势。
绝对优势主张以各国生产成本的绝对差异为基础进行国际专业化分工，并通过国际贸易获得利益的一种国际贸易理论。
2、比较优势：所谓比较优势是指一国在绝对优势基础上的相对较大的优势，在绝对劣势基础上的相对较少的劣势。
比较优势主张以各国生产成本或相对差异为基础进行专业化分工，并通过国家贸易获得利益的一种国际贸易理论。
3、完全专业化：各国根据比较优势原理进行专业化分工，在机会成本不变的情况下，每一国只生产其具有比较优势的产品，即全世界对某种产品的需求完全由具有比较优势的国家来生产。
4、贸易三角：贸易三角是衡量贸易利益的重要工具，主要由均衡时的国家贸易条件、一国的出口量和进口量三条线围成，反映一国的出口在均衡的国际贸易条件下，能够换回多少进口。
5、不完全专业化：各国根据比较优势原理进行专业化分工，在机会成本递增的情况下，各国将只部分生产其具有比较优势的产品并出口，同时也要生产其不具有比较优势的商品，这是因为随着某种产量的增加，机会成本呈现递增态势，因此原来在该产量上具有比较优势的国家会因为专业化生产而导致比较优势的逐渐丧失。
6、重商主义：重商主义主要兴盛于15世纪到18世纪中叶，认为货币是财富的唯一形式，因此主张采取奖出罚入的政策，主张取消进口以避免本国贵金属的流失，鼓励出口以增加贵金属的流入。
重商主义反映了资本原始积累时期，商业资本家对货币或贵金属的认识。
7、机会成本：机会成本是指在一国资源达到充分利用时，要增加某一产品的生产，必须放弃另一种产品生产的数量。
一般情况下，生产中的机会成本包括：机会成本递增，机会成本不变和机会成本递减三种情况。
当生产可能性边界向外凸/凹向原点时，机会成本递增；当生产可能性边界为直线时，机会成本不变，根据前面的假设，机会成本用-△Y/△X来表示。
2020-2021某大学《西方经济学》(双语)期末课程考试试卷B(含答案)
2020-2021《西方经济学》（双语）期末课程考试试卷B注意：请在答题纸上作答，考试时间120分钟，可以翻阅纸质字典，不得携带电子词典及手机等。
Part 1: True-False question (10×1′=10′)1. Economists use the word equity to describe a situation in which every member of society would have the same income. （）2. When economists refer to people making decisions “at the margin” they mean that people compare the costs and benefits of each decision. ( )3. If a good is “normal,” then an increase in income will result in a decrease in the demand for the good. ( )4. If the price of a comp etitive firm’s output increased, marginal revenue and the profit-maximizing level of output would both increase. ( )5. Payroll taxes cause wages received by workers to fall and wages paid by firms to rise. ( )6. The relative price of two goods equals the marginal rate of substitution. ( )7. If the price of apples increases more than the price of other goods, the weight of the apples in the CPI stays the same, but should decrease to accurately reflect the change in the cost-of-living. ( )8. In the short run a firm should never shut down. ( )9. If an industry becomes unionized, wages in that industry tend to rise, while employment in that industry tends to fall. ( )10. FOMC policy decisions have an important influence on t he economy’s rate of inflation and level of employment in the long run. ( )Part 2: Single Choice (40×1′=40′)1. Economics deals primarily with the concept of （）a. changeb. powerc. povertyd. scarcity2. The opportunity cost of an item is ( )a. what you give up to get that item.b. always equal to the dollar value of the item.c. always less than the dollar value of the item.d. the number of hours needed to earn the money to buy it.3. A market is a ( )a. place where only buyers come together.b. place where only sellers meet.c. group of people with common desires.d. group of buyers and sellers of a particular good or service.4. In a free market system, what is the mechanism for rationing scarce resources? ( )a. the governmentb. pricesc. buyersd. sellers5. Economists compute the price elasticity of demand as ( )a. percentage change in the price divided by the percentage change in quantity demanded.b. change in quantity demanded divided by the change in the price.c. percentage change in the quantity demanded divided by the percentage change in price.d. percentage change in the quantity demanded divided by the percentage change in income.6. Suppose the price of product X is reduced from $1.45 to $1.25 and, as a result, the quantity of X demanded increases from 2,000 to 2,200. Using the midpoint method, the price elasticity of demand for X in the given price range is ( )a. 0.64b. 1.00c. 1.55d. 2.007. Price controls are ( )a. established by firms with monopoly power.b. used to make markets more efficient.c. nearly always effective in eliminating inequities.d. usually enacted when policymakers believe that the market price of a good or service is unfair to buyers or sellers.8. What is true about the burden of a tax imposed on popcorn? ( )a. Sellers bear the entire burden of the tax.b. Buyers bear the entire burden of the tax.c. Buyers and sellers share the burden of the tax.d. The government bears the entire burden of the tax.9. The equilibrium of supply and demand in a market ( )a. maximizes the profits of producers.b. minimizes the costs incurred by consumers.c. maximizes the total benefits received by buyers and sellers.d. minimizes the expenditures of buyers.10. If a consumer is willing and able to pay $15.50 for a particular good but the price of the good is $16.00, then the ( )a. market must not be a perfectly competitive market.b. consumer would have consumer surplus of $0.50.c. consumer would not purchase the good and would not have any consumer surplus.d. consumer would increase his/her willingness and ability to pay by earning more.11. When a tax is levied on a good ( )a. buyers are worse off but sellers are not.b. sellers are worse off but buyers are not.c. neither buyers nor sellers are worse off.d. both buyers and sellers are worse off.12. As the size of a tax increases ( )a. the deadweight loss from the tax remains constant.b. the deadweight loss from the tax declines.c. the deadweight loss from the tax increases.d. no one knows how the deadweight loss changes because no tax has ever been reduced.13. Countries usually impose restrictions on free foreign trade to protect ( )a. domestic consumersb. foreign consumersc. foreign producersd. domestic producers14. When a quota is imposed on a market the ( )a. supply curve (above the world price) shifts to the left by the amount of the quota.b. supply curve (above the world price) shifts to the right by the amount of the quota.c. demand curve (above the world price) shifts to the right by the amount of the quota.d. demand curve (above the world price) shifts to the left by the amount of the quota.15. Some restaurants are open for breakfast, lunch, and dinner. In which of the following cases would it necessarily make sense for a restaurant to shut down for a meal? ( )a. Total revenues are less than total costs, but greater than variable costs.b. Total revenues are less than variable costs.c. Total revenues are less than sunk costs.d. All of the above are correct.16. Economies of scale arise when ( )a. an economy is self-sufficient in production.b. individuals in a society are self-sufficient.c. workers are able to specialize in a particular task.d. fixed costs are large relative to variable costs.17. In a competitive market, the actions of any single buyer or seller will ( )a. have a negligible impact on the market price.b. adversely affect the profitability of more than one firm in the market.c. cause a noticeable change in market production and price.d. have little effect on market production, but ultimately change price.18. In a perfectly competitive market, the process of entry or exit ends when ( )a. firms are operating with excess capacity.b. firms are making zero economic profit.c. firms experience decreasing marginal revenue.d. price is equal to marginal cost.19. A monopoly’s marginal cost will most likely ( )a. exceed its marginal revenue.b. be less than average fixed cost.c. be less than the market price of its goods.d. equal average total cost.20. OPEC often holds oil production below capacity in an effort to ( )a. compel consumers to search for oil substitutes.b. compel consumers to conserve oil.c. keep prices above the competitive level.d. create a shift in the demand for oil.21. Because each oligopolist cares about its own profit rather than the collective profit of their industry ( )a. society is worse-off.b. they are unable to maintain monopoly power.c. they are able to maximize industry profits.d. All of the above are correct.22. Very often, the reason that players can solve the prisoners’ dilemma game and reach the most profitable outcome is that ( )a. the game becomes more competitive.b. they play the game not once, but many times.c. each player tries to capture a large portion of the market share.d. All of the above can solve the prisoners’ dilemma.23. Which of the following leads to a parallel shift of the budget line? ( )a. a 10 percent increase in the price of both goodsb. a 20 percent reduction in the price of both goodsc. a 30 percent increase in incomed. a 10 percent increase in the price of one of the goods only24. When indifference curves are bowed inward toward the origin, ( )a. it is unlikely that consumers will be willing to engage in trade.b. people can only increase satisfaction by consuming more of all commodities.c. people are less inclined to trade away goods that they have an abundance of.d. the marginal rate of substitution decreases as a consumer moves down an indifference curve.25. National income is defined as ( )a. all income produced within a country.b. the income received by the national government.c. the total income earned by a nation’s residents from the production of goods and services within the borders of the country.d. the total income earned by a nation’s residents in the production of goods and services.26. The best measure of a c ountry’s production of goods and services is ( )a. real GDP.b. real NNP.c. nominal GDP.d. nominal GNP.27. The inflation rate is defined as the ( )a. cost of inflation.b. cost of borrowing.c. percentage change in real GDP from the previous period.d. percentage change in the price level from the previous period.28. If the nominal interest rate is 8% and rate of inflation is 2%, the real interest rate is ( )a. 16%.b. 10%.c. 6%.d. 4%.29. A certificate of indebtedness that specifies the obligations of the borrower to the holder is called a ( )a. stock.b. mutual fund.c. bond. d. All of the above are correct.30. An increase in the budget deficit shifts the ( )a. demand for loanable funds left.b. demand for loanable funds right.c. supply of loanable funds left.d. supply of loanable funds right.31. Which of the following people is counted as unemployed according to official statistics? ( )a. Nancy, who is on temporary layoffb. Gary, who has retired and is not looking for workc. Brian, a full-time student who is not looking for workd. All of the above are correct.32. Sectoral shifts in the economy ( )a. create structural unemployment.b. immediately reduce unemployment.c. on net leave unemployment unchanged.d. increase unemployment due to job search.33. Which of the following best illustrates the unit of account function of money? ( )a. You list prices for candy sold on your Web site, , in dollars.b. You pay for tickets to a WNBA game with dollars.c. You keep $10 in your backpack for emergencies.d. None of the above is correct.34. If banks choose to hold more excess reserves, ( )a. required reserves in the banking system increase.b. the money multiplier will increase.c. the discount rate will increase.d. the money supply falls.35. When the price level rises, the number of dollars needed to buy a representative basket of goods ( )a. decreases, so the value of money rises.b. decreases, so the value of money falls.c. increases, so the value of money rises.d. increases, so the value of money falls.36. Given a nominal interest rate of 20 percent, in which case would you earn the highest after-tax real interest rate? ( )a. Inflation is 5 percent; the tax rate is 20 percent.b. Inflation is 4 percent; the tax rate is 30 percent.c. Inflation is 3 percent; the tax rate is 40 percent.d. The after-tax real interest rate is the same for all of the above.37. If the money supply growth rate permanently increased from 10 percent to 20 percent we would expect that inflation and nominal interest rates would both increase ( )a. by more than 10 percentage points.b. by 10 percentage points.c. but by less than 10 percentage points.d. None of the above is correct.38. Economists understand that people respond to ( )a. the wishes of policymakers.b. tax breaks, but not tax hikes.c. threats more than rewards.d. incentives.39. Which of the following is the most correct statement about the relationship between inflation and unemployment? ( )a. In the long run, reducing inflation is associated with rising unemployment.b. In the short run, reducing inflation is associated with falling unemployment.c. In the long run, reducing inflation is associated with falling unemployment.d. In the short run, reducing inflation is associated with rising unemployment.40. Almost all variation in living standards is attributable to differences in countries’ ( )a. population growth rates.b. endowments of natural resources.c. defense budgets.d. productivity.Part 3: Answer following questions (4×5′=20′)1. Draw the circular flow diagram, mark the flow of goods and service, the flow of money according to the following events:(1) Professor Zhang bought a new house by $500,000.(2) Construction firm pay Tom (worker) $ 800 as the wage.(3) Mr. Black got dividend $10,000 from a firm as one of the stock-holder.2. How will following events influence the GDP of U.S. by expenditure method?(1)Boeing Company sold a plane to the U.S. Air Force.(2)Boeing Company sold a plane to the U.S. Air Company.(3)Boeing Company sold a plane to the Franc Air Company.(4)Boeing Company sold a plane to Mr. Cross.(5)Boeing Company produced a plane which will be sold in the next half year.3. Who control the money supply? How does it control?4. Suppose Iran and Iraq both sell crude oil. If Iran affords a high production while Iraq affords a high production, Iran can get $40 billion. If Iran affords a low production while Iraq affords a high production, Iran can get $30 billion. If Iran affords a high production while Iraq affords a low production, Iran can get $60 billion. If Iran affords a low production while Iraq affords a low production, Iran can get $50 billion. If Iran affords a high production while Iraq affords a high production, Iraq can get $40 billion. If Iran affords a low production while Iraq affords a high production, Iraq can get $60 billion. If Iran affords a high production while Iraq affords a low production, Iraq can get $30 billion. If Iran affords a low production while Iraq affords a low production, Iraq can get $50 billion. Try to find the Nash equilibrium.Part 4: Analyze following questions (15′×2=30′)1． The equilibrium of orange market and orange-picking market （15′）Suppose the bad weather decrease the harvest of orange in Florida.（1） Try to analyze how orange price changes and how marginal product oforange-pickingchanges.（3′）（2）Suppose consumer’s demand for orange is perfect elastic. Try to analyze how the demand for orange-picking change? How does the equilibrium wage of orange-pickers change?(draw pictures of orange market and orange-picking market to analyze)（3′）（3）Suppose consumer’s demand for orange is perfect inelastic. Try to analyze how the demand for orange-picking change? How does the equilibrium wage of orange-pickers change? (draw a picture of orange market and orange-picking market to analyze) (Reference: how does the equilibrium quantity change in orange market?)（3′）（4）Suppose we take new technique in orange picking such as using machine. Can you analyze the change of equilibrium wage in orange picking? (Reference: Is it similar with the influence of bad weather?)（3′）（5）Suppose the harvest of apple make some workers turn to pick apples. Can you analyze the change of equilibrium wage in orange picking? What is the influence to orange price?Draw pictures to analyze.（3′）2．Price discrimination and social welfare（15′）Suppose you live in a town with 300 adults and 200 children. You are planning to hold a performance to earn money. The fixed cost of performance is $2,000, while the marginal cost of（1）In order to get maximum profit, what price will you decide for adult ticket? How many adults and children will watch the performance? What price will you decide for children ticket? How much profit can you earn? How much is the social welfare? Is it an efficient result?（4′）（2）If the government pass a law, and price discrimination is illegal now. What is your price now? How much profit can you earn? How many adults and children will watch the performance? How much is the social welfare?（2′）（3）Price discrimination is illegal now. How do your welfare, adults’ welfare and children’s welfare change?（3′）（4）If the fixed cost is $2,500 instead of $2,000. Will it change your decision on price in question (1)?（2′）（5）If the fixed cost is $2,500 instead of $2,000. Will it change your decision on price in question (2)? If you choose to give up the performance, is it a good choice according tosocial welfare maximum?（4′）2020-2021《西方经济学》（双语）期末课程考试试卷B答案Part 1: 1.× 2.√ 3. × 4.√ 5.√ 6.× 7.√ 8. ×9.√ 10.×Part 2: 1D 2A 3D 4B 5C 6A 7D 8C 9C 10C 11D 12C 13D 14B 15B 16C 17A 18B 19C 20C 21B 22B 23C 24D 25D 26A 27D 28C 29C 30C 31A 32D 33A 34D 35D 36A 37B 38D 39D 40DPart 3:1.2. (1) Increases government purchases and then increases GDP(2) Increases investment and then increases GDP(3) Increases net export and then increases GDP(4) Increases consumption and then increase GDP(5) Increases investment and then increase GDP3. Federal Open Market Committee conducts monetary policy by controlling the money supply. The money supply is the quantity of money available in the economy. The primary way in which the Fed changes the money supply is through open-market operations. The Fed purchases and sells U.S. government bonds. To increase the money supply, the Fed buys government bonds from the public. To decrease the money supply, the Fed sells government bonds to the public.4.Figure 3 An Oligopoly Game Copyright©2003 Southwestern/Thomson Learning Iraq ’s DecisionHighProductionHigh ProductionIraq gets $40 billionIran gets $40 billion Iraq gets $30 billionIran gets $60 billion Iraq gets $60 billion Iran gets $30 billion Iraq gets $50 billion Iran gets $50 billion Low Production LowProductionIran ’sDecisionPart 41. (1) 橘子的价格上升，因为橘子市场的供给减少。
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中南财经政法大学——学年第—-学期期末考试试卷国际经济学（闭卷）卷学院专业年级班级课堂号姓名（单选，共20题，每题2分）1, Under Ricardian model, If one country's wage level is very high relative to the other's (the relative wage exceeding the relative productivity ratios), then ( )A.it is not possible that producers in each will find export markets profitable.B.it is not possible that consumers in both countries will enhance their respectivewelfares through imports.C.it is not possible that both countries will find gains from trade.D.it is possible that both will enjoy the conventional gains from trade.2, According to Ricardo, a country will have a comparative advantage in the product in which its ( )bor productivity is relatively low.bor productivity is relatively high.bor mobility is relatively low.bor mobility is relatively high.3, If Australia has more land per worker, and Belgium has more capital per worker, then if trade were to open up between these two countries, ( )A.Australia would export the land-intensive product.B.Belgium would import the capital-intensive product.C.Both countries would export some of each product.D.Trade would not continue since Belgium is a smaller country.4, Under The Specific Factors model, At the production point the production possibility frontier is tangent to a line whose slope is ( )A.the price of manufactures.B.the relative wage.C.the real wage.D.the relative price of manufactures.5, The Heckscher-Ohlin model predicts all of the following except:A.which country will export which product. ( )B.which factor of production within each country will gain from trade.C.the volume of trade.D.that wages will tend to become equal in both trading countries.6, If P C / P F were to increase in the international marketplace, then ( )A.all countries would be better off.B.the terms of trade of cloth exporters improve.C.the terms of trade of food exporters improve.D.the terms of trade of all countries improve.7, When the production possibility frontier shifts out relatively more in one direction, we have ( )A.biased growth.B.unbiased growth.C.immiserizing growth.D.balanced growth.8, If Slovenia were a large country in world trade, then if it instituted a large set of subsidies for its exports, this must ( )A.cause retaliation on the part of its trade partners.B.harm Slovenia's real income.C.improve Slovenia's real income.D.improve the real income of its trade partners.9, A lower tariff on imported steel would most likely benefit ( )A.foreign producers at the expense of domestic consumers.B.domestic manufacturers of steel.C.domestic consumers of steel.D.workers in the steel industry.10, If the poor AID(aid of international development) recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid will ( )A.worsen the U.S. terms of trade.B.improve the U.S. terms of trade.C.leave the world terms of trade unaffected.D.worsen the terms of trade of both donor and recipient countries.11, A large country experiencing import-biased economic growth will tend to experience ( )A.no change in terms of trade.B.deteriorating terms of trade.C.improving terms of trade.D.immiserizing terms of trade.12, The most common form of price discrimination in international trade is ( )A.non-tariff barriers.B.V oluntary Export Restraints.C.dumping.D.preferential trade arrangements.13, An appreciation of a country’s currency ( )A.decreases the relative price of its exports and lowers the relative price ofits imports.B.raises the relative price of its exports and raises the relative price of itsimports.C.lowers the relative price of its exports and raises the relative price of itsimports.D.raises the relative price of its exports and lowers the relative price of itsimports.14, Under Purchasing Power Parity, ( )A.E$/E = P i US/ P i E.B.E$/E = P i E / P i US.C.E$/E = P US / P E.D.E$/E = P E / P US.15, Under the monetary approach to the exchange rate, ( )A. a reduction in the money supply will cause immediate currencydepreciation.B. a rise in the money supply will have no effect on exchange rate.C. a rise in the money supply will cause immediate currency appreciation.D. a rise in the money supply will cause a proportional long-run currencydepreciation.16, When EP*/P rises, ( )A.IM will rise.B.IM may rise or fall.C.IM will fall.D.IM is not affected.17, In the short run, a temporary increase in fiscal policy causes ( )A.a shift of the DD curve to the left, an increase in output, andcurrency appreciation.B. a shift of the DD curve to the right, an increase in output, andcurrency appreciation.C. a shift of the DD curve to the right, an increase in output, andcurrency depreciation.D.a shift of the DD curve to the left, a decrease in output, andcurrency depreciation.18, How does a rise in real income affect aggregate demand? ( )A.Y ↑→ Yd ↑→Im ↑→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by more.B.Y ↑→ Yd ↑→Im ↓→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by more.C.Y ↑→ Yd ↑→Im ↑→CA ↑→AD ↑, and Y ↑→ Yd ↑→ C ↑→ AD ↑.D.Y ↑→ Yd ↑→Im ↑→CA ↓→AD ↓, but Y ↑→ Yd ↑→ C ↑→ AD ↑ by less. 19, Under fixed rates, which one of the following statements is the most accurate? ( )A.Monetary policy can affect only output.B.Monetary policy can affect only employment.C.Monetary policy can affect only international reserves.D.Monetary policy can not affect international reserves.20, Under fixed exchange rate, which one of the following statements is the most accurate? ( )A.Devaluation causes a rise in output.B.Devaluation causes a decrease in output.C.Devaluation has no effect on output.共5题，每题6分)1,An Economy can produce goods A using labor and capital and goods B using labor and land. Calculate the effects of the fall in the relative price of goods B on the income of the specific factors capital and land.2, suppose that one country subsidizes its exports and the other country imposes a countervailing tariff that offsets its effect, so that in the end relative price in the second country are unchanged. What happens to the terms of trade? What about welfare in the two countries?3, Describe the pattern of trade under H-O model.4, International trade leads to complete equalization of factor prices. Discuss.5,What is the Fisher Effect? Provide an example.6,Suppose E is fixed at E0 and that the asset markets are in equilibrium.Suddenly output rises. What monetary measures keep the current exchange rate constant given unchanged expectations about the future rate?（共1题，10分）A small country imports peanuts at the price of $10 per bag. The demand curve is D=400-10P. The supply curve is S=50+5PDetermine the free trade equilibrium. Then calculate and graph the following effects: A: The increase in the domestic priceB: The quota rentsC: The consumption distortion lossD: The production distortion loss.四．Essay Questions（共2题，每题10分）1,Comparing the interindustry trade and intraindustry trade.2, Construct a table that will summarize the effects of money market and output market changes on the long-run nominal dollar/ euro exchange rate.中南财经政法大学---------学年第----学期期末考试答案和评分标准课程名称：《国际经济学》（）卷课程代号：_02013020_考试形式：闭卷使用对象：1,Because good B uses land, a fall in its relative price will result in a fall in rental rates on land, and an increase in the return to capital.2,The first country is worse off by subsidy and a foreign tariff while the second one is better off by subsidy in the first one and its own tariff.3, Countries tend to export goods whose production is intensive in factors with which they are abundantly endowed.4,This statement is typically "true…but". Under a strict and limited set of assumptions, such as the original Heckscher-Ohlin model which excludes country specific technologies; non- homothetic tastes; factor intensity reversals; large country differences in (relative) factor abundances, and more factors than goods, then it may be demonstrated that internal consistency demands that the above stated sentence is "true". However, the minute one relaxes any of the above listed assumptions one may easily identify solutions, which contradict the factor price equalization theorem.5, All else equal, a rise in a country’s expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer. Similarly, a fall in the expected inflation rate will eventually cause a fall in the interest rate.6, •Since output rises, demand for domestic money rises; this increase in money demand normally pushes the domestic interest rate upwards. To prevent appreciation of home currency (given E0is expected) the central bank buys foreign assets in foreign exchange market.•This eliminates excess demand for domestic money because the central bank issues money to pay for the foreign assets it buys.•The bank increases the money supply in this way until asset markets clear with E = E0 and R = R*.三．计算题A: D-S=50,P=20（3分）B: (20-10)*50=500（3分）C: 100*10*0.5=500（2分）D:50*10*0.5=250（2分）四．论述题1, Interindustry trade reflect comparative advantage while intraindustry trade doesnot reflect comparative advantage.（4分）The pattern of intraindustry trade itself is unpredictable while interindustry trade is predictable.（3分）The relative importance of intraindustry and interindustry trade depends on how similar countries are.（3分）。