国际经济学双语习题

International Economics, 8e (Krugman)

Chapter 1 Introduction

1.1 What Is International Economics About?

1) Historians of economic thought often describe ________ written by ________ and published in ________ as

the first real exposition of an economic model.

A) "Of the Balance of Trade," David Hume, 1776

B) "Wealth of Nations," David Hume, 1758

C) "Wealth of Nations," Adam Smith, 1758

D) "Wealth of Nations," Adam Smith, 1776

E) "Of the Balance of Trade," David Hume, 1758

Answer: E

Question Status: Previous Edition

2) From 1959 to 2004,

A) the U.S. economy roughly tripled in size.

B) U.S. imports roughly tripled in size.

C) the share of US Trade in the economy roughly tripled in size.

D) U.S. Imports roughly tripled as compared to U.S. exports.

E) U.S. exports roughly tripled in size.

Answer: C

Question Status: Previous Edition

3) The United States is less dependent on trade than most other countries because

A) the United States is a relatively large country.

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.

Answer: A

Question Status: Previous Edition

4) Ancient theories of international economics from the 18th and 19th Centuries are

A) not relevant to current policy analysis.

B) are only of moderate relevance in today's modern international economy.

C) are highly relevant in today's modern international economy.

D) are the only theories that actually relevant to modern international economy.

E) are not well understood by modern mathematically oriented theorists.

Answer: C

Question Status: Previous Edition

5) An important insight of international trade theory is that when countries exchange goods and services one

with the other it

A) is always beneficial to both countries.

B) is usually beneficial to both countries.

C) is typically beneficial only to the low wage trade partner country.

D) is typically harmful to the technologically lagging country.

E) tends to create unemployment in both countries.

Answer: B

Question Status: Previous Edition

D) trade is likely to be harmful to neither country.

E) trade is likely to have no effect on either country.

Answer: D

Question Status: Previous Edition

7) Benefits of international trade are limited to

A) tangible goods.

B) intangible goods.

C) all goods but not services.

D) services.

E) None of the above.

Answer: E

Question Status: Previous Edition

8) Which of the following does not belong?

A) NAFTA

B) Uruguay Round

C) World Trade Organization

D) None Tariff Barriers

E) None of the above.

Answer: D

Question Status: Previous Edition

9) International economics does not use the same fundamental methods of analysis as other branches of

economics, because

A) the level of complexity of international issues is unique.

B) the interactions associated with international economic relations is highly mathematical.

C) international economics takes a different perspective on economic issues.

D) international economic policy requires cooperation with other countries.

E) None of the above.

Answer: E

Question Status: New

10) 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) None of the above

Answer: E

Question Status: New

D) Bilateral trade relations with China

E) None of the above

Answer: D

Question Status: New

12) "Trade is generally harmful if there are large disparities between countries in wages."

A) This is generally true.

B) This is generally false.

C) Trade theory has nothing to say about this issue.

D) This is true if the trade partner ignores child labor laws.

E) This is true if the trade partner uses prison labor.

Answer: B

Question Status: New

13) Who sells what to whom

A) has been a major preoccupation of international economics.

B) is not a valid concern of international economics.

C) is not considered important for government foreign trade policy since such decisions are made in the

private competitive market.

D) is determined by political rather than economic factors.

E) None of the above

Answer: A

Question Status: New

14) The insight that patterns of trade are primarily determined by international differences in labor productivity

was first proposed by

A) Adam Smith.

B) David Hume.

C) David Ricardo.

D) Eli Heckscher.

E) Lerner and Samuelson.

Answer: C

Question Status: New

15) Since the mid 1940s, the United States, has pursued a broad policy of

A) strengthening "Fortress America" protectionism.

B) removing barriers to international trade.

C) isolating Iran and other axes of evil.

D) protecting the U.S. from the economic impact of oil producers.

E) None of the above.

Answer: B

Question Status: New

D) the U.S. never experienced a surplus in its balance of payments.

E) None of the above.

Answer: C

Question Status: New

17) The euro, a common currency for most of the nations of Western Europe, was introduced

A) before 1900.

B) before 1990.

C) before 2000.

D) in order to snub the pride of the U.S.

E) None of the above.

Answer: C

Question Status: New

18) During the first three years of its existence, the euro

A) depreciated against the $U.S.

B) maintained a strict parity with the $U.S.

C) strengthened against the $U.S.

D) proved to be an impossible dream.

E) None of the above.

Answer: A

Question Status: New

19) The study of exchange rate determination is a relatively new part of international economics, since,

A) for much of the past century, exchange rates were fixed by government action.

B) the calculations required for this were not possible before modern computers became available.

C) economic theory developed by David Hume demonstrated that real exchange rates remain fixed over

time.

D) dynamic overshooting asset pricing models are a recent theoretical development.

E) None of the above

Answer: A

Question Status: New

20) A fundamental problem in international economics is how to produce

A) a perfect degree of monetary harmony.

B) an acceptable degree of harmony among the international trade

policies of different countries.

C) a world government that can harmonize trade and monetary policies

D) a counter-cyclical monetary policy so that all countries will not be adversely affected by a financial

crisis in one country.

E) None of the above.

Answer: B

Question Status: New

D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT).

E) None of the above.

Answer: D

Question Status: New

22) The international capital market is

A) the place where you can rent earth moving equipment anywhere in the world.

B) a set of arrangements by which individuals and firms exchange money now for promises to pay in the

future.

C) the arrangement where banks build up their capital by borrowing from the Central Bank.

D) the place where emerging economies accept capital invested by banks.

E) None of the above.

Answer: B

Question Status: New

23) International capital markets experience a kind of risk not faced in domestic capital markets, namely

A) "economic meltdown" risk.

B) Flood and hurricane crisis risk.

C) the risk of unexpected downgrading of assets by Standard and Poor.

D) exchange rate risk.

E) None of the above.

Answer: D

Question Status: New

24) Since 1994, trade rules have been enforced by

A) the WTO.

B) the G10.

C) the GATT.

D) The U.S. Congress.

E) None of the above.

Answer: A

Question Status: New

25) In 1998 an economic and financial crisis in South Korea caused it to experience

A) a surplus in their balance of payments.

B) a deficit in their balance of payments.

C) a balanced balance of payments.

D) an unbalanced balance of payments.

E) None of the above.

Answer: A

Question Status: New

trade meeting in Seattle of

A) the OECD.

B) NAFTA.

C) WTO.

D) GATT.

E) None of the above.

Answer: C

Question Status: New

27) International Economists cannot discuss the effects of international trade or recommend changes in

government policies toward trade with any confidence unless they know

A) their theory is the best available.

B) their theory is internally consistent.

C) their theory passes the "reasonable person" legal criteria.

D) their theory is good enough to explain the international trade that is actually observed.

E) None of the above.

Answer: D

Question Status: New

28) Trade theorists have proven that the gains from trade

A) must raise the economic welfare of every country engaged in trade.

B) must raise the economic welfare of everyone in every country engaged in trade.

C) must harm owners of "specific" factors of production.

D) will always help "winners" by an amount exceeding the losses of "losers."

E) None of the above.

Answer: E

Question Status: New

1.2 International Economics: Trade and Money

1) Cost-benefit analysis of international trade

A) is basically useless.

B) is empirically intractable.

C) focuses attention primarily on conflicts of interest within countries.

D) focuses attention on conflicts of interests between countries.

E) None of the above.

Answer: C

Question Status: Previous Edition

2) An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or

an increase in its surplus. In fact we know that a surplus in a balance of payments

A) is good.

B) is usually good.

C) is probably good.

D) may be considered bad.

E) is always bad.

Answer: D

Question Status: Previous Edition

A) an international treaty.

B) an international U.N. agency.

C) an international IMF agency.

D) a U.S. government agency.

E) a collection of tariffs.

Answer: A

Question Status: Previous Edition

4) The international debt crisis of early 1982 was precipitated when ________ could not pay its international

debts.

A) Russia

B) Mexico

C) Brazil

D) Malaysia

E) China

Answer: B

Question Status: Previous Edition

5) 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.

Answer: D

Question Status: Previous Edition

6) International monetary analysis focuses on

A) 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) None of the above.

Answer: E

Question Status: New

7) The distinction between international trade and international money is not useful since

A) real developments in the trade accounts have monetary implications.

B) the balance of payments includes both real and financial implications.

C) developments caused by purely monetary changes have real effects.

D) trade models focus on real, or barter relationships.

E) None of the above.

Answer: E

Question Status: New

国际经济学双语习题

International Economics, 8e (Krugman) Chapter 1 Introduction 1.1 What Is International Economics About? 1) Historians of economic thought often describe ________ written by ________ and published in ________ as the first real exposition of an economic model. A) "Of the Balance of Trade," David Hume, 1776 B) "Wealth of Nations," David Hume, 1758 C) "Wealth of Nations," Adam Smith, 1758 D) "Wealth of Nations," Adam Smith, 1776 E) "Of the Balance of Trade," David Hume, 1758 Answer: E Question Status: Previous Edition 2) From 1959 to 2004, A) the U.S. economy roughly tripled in size. B) U.S. imports roughly tripled in size. C) the share of US Trade in the economy roughly tripled in size. D) U.S. Imports roughly tripled as compared to U.S. exports. E) U.S. exports roughly tripled in size. Answer: C Question Status: Previous Edition 3) The United States is less dependent on trade than most other countries because A) the United States is a relatively large country. 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. Answer: A Question Status: Previous Edition 4) Ancient theories of international economics from the 18th and 19th Centuries are A) not relevant to current policy analysis. B) are only of moderate relevance in today's modern international economy. C) are highly relevant in today's modern international economy. D) are the only theories that actually relevant to modern international economy. E) are not well understood by modern mathematically oriented theorists. Answer: C Question Status: Previous Edition 5) An important insight of international trade theory is that when countries exchange goods and services one with the other it A) is always beneficial to both countries. B) is usually beneficial to both countries. C) is typically beneficial only to the low wage trade partner country. D) is typically harmful to the technologically lagging country. E) tends to create unemployment in both countries. Answer: B Question Status: Previous Edition

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4．甲国使用同样数量资源比乙国能生产更多的X，则乙国在X生产上具有（）A．绝对优势B．比较劣势C．绝对劣势D．比较优势 5．甲国生产单位布和小麦分别需要6天和9天，乙国为10天和12天，根据比较优势理论（） A．乙国进口小麦B．甲国出口布C．乙国出口布D．甲国出口小麦6．比较优势理论的提出者是（） A．约翰·穆勒B．大卫·李嘉图C．亚当·斯密 D．李斯特 7．被称为西方国际贸易理论基石的是（） A．贸易差额理论B．绝对优势理论C．比较优势理论 D．相互需求理论8．比较优势理论认为国际贸易产生的主要原因是（） A．劳动生产率的相对差异B．技术水平差异 C．需求强度差异D．商品价格差异9．律师打字速度是打字员的两倍却雇佣打字员打字，以下表述错误的是（）A．律师在打字上具有绝对优势B．律师在律师咨询上具有比较优势 C．打字员在打字上具有比较优势D．打字员在打字上具有绝对优势 10．按照比较优势理论，大量贸易应发生在（） A．发达国家之间 B．发展中国家之间 C．发达国家与发展中国家之间D．需求相似国家之间二、判断改错题 1．贸易差额论虽然产生时间很早，但并不是严格意义上的国际贸易理论。（）2．贸易差额理论的奖出限入政策是针对所有产品而言的。（） 3．贸易差额理论是第一个自由贸易理论。（） 4．绝对优势理论分析的是国际贸易实践中的一个特例。（） 5．具有绝对优势的产品不一定具有比较优势。（） 6．根据绝对优势理论，一国两种产品都处于绝对劣势时仍可以参与互利贸易。（）7．比较优势理论认为从理论上说所有国家都可以参与互利贸易。（） 8．根据比较优势理论，只有当一国生产率达到足够高时，它才能从自由贸易中获益。（） 9．如果贸易发生在一个大国和一个小国之间，贸易后国际市场价格更接近于小国封闭条件下的国内市场价格。（）三、名词解释 1．绝对优势2．比较优势四、简答题 1．简述绝对优势理论主要内容。 2．简述比较优势理论主要内容。

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国际经济学考试试题Last revision on 21 December 2020

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Part Ⅰ. Fill in the blank with suitable content. 1.Seven themes recur throughout the study of international economics. These are the gains from trade , the pattern of trade , protectionism the balance of payments, exchange rate determination, international policy coordination, international capital market. 2. Countries engage in international trade for two basic reasons : comparative advantage and economics of scale . 3. A country has a comparative advantage in producing a good if the opportunity cost of producing that good in terms of other goods is lower in that country than it is in other countries. 4. Labor is the only one factor of production. LC a 、LW a and *LC a 、* LW a are the unit labor requirement in cheese and wine at Home and Foreign, respectively. If aLC/aLW

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Question Previous Edition Status: 2) In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least ________ unit labor requirements one A) two B) three C) four D) five E) Answe D r: Previous Edition Question Status: 3) A country engaging in trade according to the principles of comparative advantage gains from trade because it is producing exports indirectly more efficiently than it A) could alternatively. is producing imports indirectly more efficiently than it B) could domestically. is producing exports using fewer labor units. C) is producing imports indirectly using fewer labor units. D) None of the above. E) B Answe r: Previous Edition Question Status: