中南财大国际经济学双语期末试卷
《国际经济学》(双语)试卷1参考答案
《国际经济学》（双语）试卷1参考答案Ⅰ. Explain the following terms (30 points, 3 points/term)parative advantage: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(3 points).2.Specific factors model: It assumes an economy that produces two goods and the labor is a mobile factor that can move between sectors, other factors are assumed to be specific, that is, they can be used only in the production of particular goods(3 points).3．Heckscher-Ohlin theory: it is also referred to as the factor-proportions theory, the theory emphasizes the interplay between the proportions in which different factors of production are available in different countries and the proportions in which they are used in producing different goods(3 points).4.Leontief paradox: the United States would be an exporter of capital-intensive goods and an importer of labor-intensive goods. Surprisingly, however, this was not the case, the economist Leontief found that U.S. exports were less capital-intensive than U.S. imports. This result is known as the Leontief paradox. It is the single biggest piece of evidence against the factor-proportions theory(3 points).5.Official international reserves: Official international reserves are foreign assets held by central banks as a cushion against national economic misfortune. At one time official reserves consisted largely of gold, but today central banks' reserves include substantial foreign financial assets, particularly U.S. dollar assets such as Treasury bills(3 points).6.The official settlements balance: the official settlements balance or the balance of payments. This balance is the sum of the current account balance, the capital account balance, the nonreserve portion of the financial account balance, and the statistical discrepancy, and it indicates the payments gap that official reserve transactions need to cover(3 points).7.Foreign exchange option: A foreign exchange option gives its owner the right to buy or sell a specified amount of foreign currency at a specified price at any time up to a specified expiration date. The other party to the deal, the option's seller, is required to sell or buy the foreign currency at the discretion of the option's owner, who is under no obligation to exercise his right(3 points).8.Interest parity condition: The condition that the expected returns on deposits of any twocurrencies are equal when measured in the same currency is called the interestparity condition. It implies that potential holders of foreign currency deposits view them all as equally desirable assets.9.Fisher effect: This long-run relationship between inflation and interest rates is called the Fisher effect. Fisher effect tells us that 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(3 points).10.Long run analysis: The long run analysis of an economic event allows for the complete adjustment of the price level (which may take a long time) and for full employment of all factors of production(3 points).II. Single-Choice Questions（15 points, 1.5points/Question）1. b2. d3. c4. a5. b6. a7. d8. a9. c 10. aⅢ.Questions and problems（40 points, 8 points/Question）1.What are the three types of international transaction recorded in the balance of payments(8 points)?Answer: the three types of international transactions are current account, financial account and capital account(3 points). Transactions that involve the export or import of goods or services and therefore enter directly into the current account. Transactions that involve the purchase or sale of financial assets. An asset is any one of the forms in which wealth can be held, such as money, stocks, factories, or government debt. The financial account of the balance of payments records all international purchases or sales of financial assets. Certain other activities resulting in transfers of wealth between countries are recorded in the capital account(5 points).2. In the United States where land is cheap, the ratio of land to labor used in cattle rising is higher than that of land used in wheat growing. But in more crowded countries, where land is expensive and labor is cheap, it is common to raise cows by using less land and more labor than Americans use to grow wheat. Can we still say that raising cattle is land intensive compared with farming wheat? Why or why not(8 points)?Answer: The definition of cattle growing as land intensive depends on the ratio of land to labor used in production, not on the ratio of land or labor to output(3 points). The ratio of land to labor in cattle exceeds the ratio in wheat in the United States, implying cattle is land intensive in the United States. Cattle is land intensive in other countries too if the ratio of land to labor in cattle production exceeds the ratio in wheat production in that country. The comparison between another country and the United States is less relevant for answering the question(5 points).3. Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange rate, $1.52 per pound, remains constant as Britain's interest rate rises to 10 percent per year. If the U.S. interest rate also remains constant, what is the new equilibrium$/£ exchange rate(8 points)?Answer: The current equilibrium exchange rate must equal its expected future level since, with equality of nominal interest rates, there can be no expected increase or decrease in the dollar/pound exchange rate in equilibrium(3 points). If the expected exchange rate remains at $1.52 per pound and the pound interest rate rises to 10 percent, then interest parity is satisfied only if the current exchange rate changes such that there is an expected appreciation of the dollar equal to 5 percent. This will occur when the exchange rate rises to $1.60 per pound (a depreciation of the dollar against the pound) (5 points).4. What are the real exchange rate and nominal exchange rate, and their differences(8 points)?Answer: the real exchange rate is the relative price of two output baskets, nominal exchange rate is the relative price of two currencies(3 points).The real exchange rate between two countries' currencies is a broad summary measure of the prices of one country's goods and services relative to the other's. the prediction of PPP is that real exchange rates never change, at least not permanently. Real exchange rates are defined, however, in terms of nominal exchange rates and price levels(5 points).5:Give a example to explain foreign exchange swap(8 points).Answer: foreign exchange swap is a spot sale of a currency combined with a forward repurchase of the currency(3 points). For example, a multinational company has just received $1 million from sales and knows it will have to pay those dollars to a California supplier in three months. The company's asset-management department would meanwhile like to invest the $1 million in Swiss francs. A three-month swap of dollars into Swiss francs may result in lower brokers' fees than the two separate transactions of selling dollars for spot Swiss francs and selling the Swiss francs for dollars on the forward market(5 points).Ⅳ.An economy can produce good 1 using labor and capital and good 2 using labor and land. The total supply of labor is 100 units.The marginal product of labor production are70 0.69 0.49 800.66 0.46 900.63 0.43 1000.60 0.40Questions: a. Suppose that the price of good 2 relative to that of good 1 is 2. Determine graphically the wage rate and the allocation of labor between the two sectors (5 points).b. Suppose that the relative price of good 2 falls to 1. Determine the wage rate and the allocation of labor between the two sectors (5 points).c. Calculate the effects of the price change on the income of the specific factors in sectors 1 and 2(5 points).Answer: a. With the assumption that labor is freely mobile between sectors, it will move from the low-wage sector to the high-wage sector until wages are equalized. So in equilibrium, the wage rate is equal to the value of labor ’s marginal product.2/122211=⨯=⨯P P P MPL P MPLThe abscissa of point of intersection illustrated above should be at L1=30. The labor allocation between the sectors is L1=30 and L2=70. The wage rate is 0.98(5 points). b. The relative decline in the price of good 2 caused labor to be reallocated: labor is drawn out of production of good 2 and enters production of good 1 (Ｌ1=60, L2=40). And the wage rate is equal to 0.74(5 points).c. With the relative price change from P2/P1=2 to P2/P1=1, the price of good 2 has fallen by 50 percent, while the price of good 1 has stayed the same. Wages have fallen too, but by less than the fall in P2 (wages fell approximately 25 percent). Thus, the real wage relative to P2 actually rises while real wage relative to P1 falls. Hence, to determine the welfare consequence for workers, the information about their consumption shares of good 1 and good 2 is needed(5 points).。
《国际经济学》期末复习试卷5份和试题库(含答案).
《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。
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（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）。
国际经济学_中南财经政法大学中国大学mooc课后章节答案期末考试题库2023年
国际经济学_中南财经政法大学中国大学mooc课后章节答案期末考试题库2023年1.在李嘉图模型中，当产品的相对价格机会成本时，该种产品才会被生产。
参考答案:高于或大于2.一国生产单位小麦需要投入劳动力和土地数量分别为1和5，而生产单位纺织品需要投入劳动力和土地数量分别为2和6。
则对于该国而言（）。
参考答案:小麦是土地密集型产品3.利率平价理论，采用资产理论方法，阐明了国内外利率、汇率之间的关系。
参考答案:正确4.利率平价理论是长期汇率决定理论。
参考答案:错误5.韩国土地稀缺而资本充裕，当韩国与美国、加拿大签署农产品的自由贸易协定时，可能会对哪个行业造成不利的影响（）。
参考答案:畜牧业6.下面哪个原因导致里昂惕夫之谜的出现（）。
参考答案:赫尔谢尔-俄林模型的逻辑错误7.以下哪项陈述最准确？（）参考答案:绝对PPP意味着相对PPP成立8.假定两个国家甲和乙的要素禀赋如下。
两国即将签署自由贸易协定，则谁会反对？( )国家要素禀赋甲乙劳动力 45 20资本存量 15 10参考答案:乙国的工人_甲国的资本所有者9.本国居民包括（）。
参考答案:跨国公司的高级管理人员10.相对于比利时而言，澳大利亚拥有较高的土地、劳动力，双方进行贸易的话，有（）。
参考答案:澳大利亚的工人会受损_比利时的土地所有者会受损_澳大利亚的土地所有者会获益_比利时的工人会获益11.当国民储蓄过剩时，国际收支中的经常账户必然是（）。
顺差12.贸易保护的目的之一在于保护国内就业。
（）参考答案:正确13.贸易保护成本是指一国政府在实施贸易保护政策时付出的代价，包括消费者剩余的减少、政府补贴等。
（）参考答案:正确14.在浮动汇率制度下，顺差会导致本币升值（外币贬值）和国际储备资产减少，逆差则反之。
参考答案:错误15.民用飞机产业具备不完全竞争、规模经济、外部经济等特征，是非常标准的战略性产业。
（）参考答案:正确16.战略性贸易政策是指在不完全竞争市场结构和存在规模经济的条件下，政府通过补贴等贸易保护手段，扶持本国战略性产业的成长，增强在国际市场的竞争地位。
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。
2020-2021大学《国际贸易学》(双语)期末课程考试试卷B(含答案)
第 1 页 共 4 页2020-2021《国际贸易学》（双语）期末课程考试试卷B本试卷适用于试卷所需时间120分钟。
闭卷考试，总分100分。
考试日期： 题号 一 二 三 四 五 总分 分数 评卷人一、单项选择题：（共25小题，每小题1分，共25分）1. Which of the following is NOT true about mercantilism?A. Under mercantilism, exports were encouraged and imports were discouraged.B. Mercantilists believed that one country’s gains from trade came at the expense of another country or countries’ well being.C. Domestic producers were often hurt by mercantilism.D. Mercantilism focused on the accumulation of gold and silver bullion.2. When a nation requires fewer resources than another nation to produce a product, the nation is said to have a(n):A. Absolute advantage in the production of the productB. Comparative advantage in the production of the productC. Lower marginal rate of transformation for the productD. Lower opportunity cost of producing the product3. If a country exports the good that it can produce at a low opportunity cost and imports those goods that it would otherwise produce at a high opportunity cost, we say that such trade is based upon:A. Absolute advantageB. ArbitrageC. Labor productivity differencesD. Comparative advantage4. When a nation is in autarky and maximizes its living standard, its consumption and production points are:A. Above the production possibilities frontierB. Along the production possibilities frontierC. Beneath the production possibilities frontierD. Any of the above5. The theory that predicts that trade occurs because of differences in the availability of factor inputs across countries and the differences in the proportions in which the factor inputs are used in producing different products is called: A. The Stolper-Samuelson theory. B. Comparative advantage C. The Heckscher-Ohlin theory D. Absolute advantage6. Given the assumptions of the Heckscher-Ohlin model, the opening of trade in a land-abundant country will cause the domestic price of wheat to: A. Fall B. RiseC. Be unaffectedD. At first rise but then fall back to its original level 7. When a large country imposes an import quota:A. World prices rise.B. World prices fall.C. Domestic prices fall.D. Domestic production falls.8. The Stolper-Samuelson theorem states that given certain assumptions and conditions:A. The real return to the factor used intensively in the import-competing industry will rise in the long-run.B. The real return to the factor used intensively in the export industry will fall in the long-run.C. The real return to the factor used in the rising price industry will rise in the long-run.D. The real return to the factor used intensively in the export industry will rise in the long-run.9. Referring to Figure 2.1, the relative cost of steel in terms of aluminum is: A. 4.0 tons B. 2.0 tons C. 0.5 tons D. 0.25 tons 10. According to the factor-price-equalization theorem, free trade equalizes:A. Product prices as well as the prices of individual factors of production between two countries.B. Product prices between two countries but not the prices of individual factors of production.院系： 专业班级： 姓名： 学号：装 订 线第 2 页 共 4 页C. Product prices between two countries and factor prices within each country but not between countries.D. Product prices and factor prices within each country but not between countries. 11. Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The Heckscher-Ohlin theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of:A. LaborB. LandC. Both labor and landD. Neither labor nor land 12. A rise in the price of imports or a fall in the price of exports will:A. Expand the production possibilities frontierB. Improve the terms of tradeC. Contract the production possibilities frontierD. Worsen the terms of trade 13. Which of the following would least likely apply to the product life cycle theory? A. Calculators and computers B. Coal and crude oil C. Home movie cameras D. Office machinery14. When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding:A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant.B. Contradicted the Heckscher-Ohlin theory as the United States was relatively labor-abundant.C. Was never duplicated by other studies and has thus been labeled a paradox.D. Fit the predictions of the Heckscher-Ohlin theory concerning the trading patterns of a capital-abundant country.15. The author of the Wealth of Nations was:A. David RicardoB. Paul SamuelsonC. Adam SmithD. Karl Marx16. Which of the following is the formula for a product’s intra -industry trade (IIT) share?A. 1 – |X - M |B. 1 - (X + M)C. 1 – [ |X - M | / (X + M)]D. 1 – [ |X + M | / (X - M)]17. Suppose that there are only two types of traded commodities: industrial products and primary products. Which of the following changes in global market conditions would be necessary in order for countries that export primary products to experience “immiserizing growth”?A. The global price of industrial products would have to rise.B. The global price of primary goods would have to fall relative to the global price of industrial goods.C. The supply of primary products would have to rise.D. The supply of industrial goods would have to fall.18. When company X doubled its output, it found that its cost per unit had fallen by 10%. We can therefore conclude:A. It enjoys external scale economies.B. It enjoys internal scale economies.C. Demand for its product is elastic.D. It has a comparative advantage in production.19. The United States and Canada produce trees using labor and land. Initially, Canada has fewer workers per acre than the United States. The countries share the same technology. Consider the effects of allowing labor to move freely between the two countries. Then the wage in Canada will _________.A. fallB. riseC. remains unchangedD. A or C.20. If a small country imposes a tariff on imported motorcycles, the world price of motorcycles will __________ and the domestic price of motorcycles will __________. A. Rise; rise B. Fall; rise C. Stay constant; rise D. Stay constant; fall 21. A non-tariff barrier operates by: A. Limiting the quantity of importsB. Increasing the cost of getting imports to market.C. Creating uncertainty about the conditions under which imports will be permitted.D. All of the above.22. When the value of a nation's exports exceeds the value of its imports, the nation is said to haveA. Trade dependencyB. Trade surplusC. Trade deficitD. Trade debit 23. With respect to forms of "regional economic integration": A. a "customs union" is more integrated than a "common market" B. a "free trade area" is more integrated than an "economic union" C. a common market is the most complete form of integrationD. customs unions do not permit free flow of factors of production across member country borders24. One of the reasons that protectionists and government officials may favor using a quota instead of a tariff is:A. Quotas generate more revenue for the government than do tariffs.B. A quota ensures that the quantity of imports is strictly limited.C. Quotas create less market distortions than do tariffs.院系： 专业班级： 姓名： 学号：装 订 线第 3 页 共 4 页D. Quotas give less power to politicians than do tariffs.25. In the last completed round of trade negotiation (the Uruguay Round), an agreement regarding the services trade was achieved. This agreement is _____________.A. GATTB. WTOC. GATSD. CATS二、判断题（T/F ）：（共10小题，每小题1分，共10分）1. Adam Smith’s theory of absolute advantage relied on the labor theory of value.2. In the two-country, two-good model, both countries can gain from trade as long as their relative advantages and disadvantages in producing different goods are different.3. While China’s exports are consistent with the predictions of the Heckscher -Ohlin theory, her imports are not.4. The value of foreign trade is the total amount of a nation’s foreign trade, i.e. the total amount of import and export (of goods) within a certain period. Then the value of international trade is the total value of foreign trade of all countries throughout the world.5. Net trade for a product is the value of the difference between exports and imports for that product.6. It is possible for a large country to be better off, worse off, or no better off/no worse off as a result of a tariff being imposed.7. More price supports and subsidies are provided to agriculture worldwide than any other sector of the economy.8. Strategic trade policy is a government policy whereby a subsidy is provided in order to help the domestic firm win a trade battle in an oligopolistic market. 9. FDI outflows have a positive impact on workers in the home country.10. Buyer’s cre dit refers to the credit provided by the buyer’s bank for promoting import of foreign products.三、计算分析题（共2小题，每小题10分，共20分）1. The equation for the demand curve for writing paper in Belgium is Q D =350-(P/2) or P=700-2Q D . The equation for the supply curve for writing paper in Belgium is Q S =-200+5P or P=40+(Q S /5).a. What are the equilibrium price and quantity if there is no international trade?b. What are the equilibrium quantities for Belgium if the nation can trade freely with the rest of the world at a price of 120?c. What is the effect of the shift from no trade to free trade on Belgium consumer surplus? On Belgium producer surplus? What is the net national gain or loss for Belgium?2. Suppose that under free trade a final commodity F has a price of $ 20 and the price of the only input A to commodity F is $ 10. Now consider the following four situations where protective tariffs exist.(a) Suppose that the tariff rate on the final good F is 20%, and no tariff rate on input A. (b) Suppose that the tariff rates on both the final good F and the input A are both 20%. (c) Suppose that the tariff rate on the final good F and the input A is 20% and 30% respectively.(d) Suppose that the tariff rate on the final good F and the input A is 20% and 60% respectively.(1) Calculate the ERP for the domestic industry producing good F. (2) Interpret the meaning of this calculated ERP.四、简答题（共4小题，每小题8分，共32分）1. What is intra-industry trade? Is intra-industry trade consistent with the predictions of the Heckscher-Ohlin theory? Clearly explain why it is or is not consistent with Heckscher-Ohlin.2. What is the economic definition of dumping? If the importing country suspects dumping, what action can be taken?3. What is GSP? What are its principles?4. What factors should be considered in determining whether a firm should sell to foreign buyers by exporting from its home country or by setting up local production in the foreign country to produce the products that are sold to foreign consumers? When identifying these factors, clearly explain how and why they push the decision toward one or the other of the two available choices.五、论述题（共1小题，共13分）1. “Trade blocs are good for economic well-being and countries should try to join them.” Do you agree or disagree? Why? In your answer, discuss the role of trade creation and trade diversion. What other gains may arise in a country that chooses to join a trade bloc?系： 专业班级： 姓名： 学号：装 订 线2020-2021《国际贸易学》（双语）期末课程考试试卷B答案1. a. With no international trade, equilibrium requires Q D=Q S. Setting the two equations equal to each other, we can find the equilibrium price with no trade: 350-(P/2)= -200+5P. The equilibrium no-trade price is P=100. Using one of the equations, we find that the no-trade quantity is 300. （3分）b. At a price of 120, Belgium’s quantity demanded is 290, and its quantity supplied is 400. With free trade Belgium exports 110 units. （3分）c. Belgian consumer surplus declines. With no trade it is a larger triangle below the demand curve and above the 100 price line. With free trade it is a smaller triangle below the demand curve and above the 120 price line. Belgian producer surplus increases. With no trade it is smaller triangle above the supply curve and below the 100 price line. With free trade it is a larger triangle above the supply curve and below the 120 price line. The net national gain from trade is the difference between the gain of producer surplus and the loss of consumer surplus. This gain is a triangle whose base is the quantity trade (110) and whose height is the change in price (120-100=20) so the total gain is 1100.（4分）2. (1) According to the formula ERP=[(t-a i t i)/(1-a i)]×100%, or ERP=[(V’-V)/V]×100%, we can get the following answers: (a) If the tariff rate on the final good F is 20%, and no tariff rate on input A, we have ERP=40%.（2分）(b) If the tariff rates on both the final good F and the input A are both 20%, we have ERP=20%.（2分）(c) If the tariff rate on the final good F and the input A is 20% and 30% respectively, we have ERP=10%.（2分）(d) If the tariff rate on the final good F and the input A is 20% and 60% respectively, we have ERP=-20%（2分）(2) If t>t i, ERP>t; If t=t i, ERP=t; If t<t i, ERP<t; If t i becomes extremely high, ERP will become negative.（2分）四、简答题（共4小题，每小题8分，共32分）1. Intra industry trade is a trade in which a country both exports and imports the same or a very similar product. Intra-industry trade is not generally consistent with the Heckscher-Ohlin theory. （2分）The Heckscher-Ohlin theory predicts that countries will export goods that extensively use their abundant resources and will import goods that extensively use their scarce resource. （2分）The Heckscher-Ohlin theory is suited to explain trade between developing and industrialized countries because they differ in their endowments of production resources. （2分）The Heckscher-Ohlin theory fails to explain why we observe so much trade among industrialized countries: 70% of the exports of industrialized countries go to other industrialized countries.（2分）2. Dumping is selling exports at a price below the normal value (or fair market value). （2分）There are two definitions of normal value. The traditional definition of normal value is the price charged in the home market. Dumping in this case means international price discrimination. （2分）The second definition of normal value is the average cost of production. Under this second definition dumping is selling goods abroad at a price below average production cost. （2分）If a country can show foreign producers dump into their market and injury results, the country can impose antidumping measures. （2分）3. GSP: is a system currently in place where a large number of DCs permit duty-free entry of a selected list of products if those products are imported from particular LDCs. （2分）(1) Generalized: Industrialized countries give this treatment to all the manufactured or semi-manufactured goods of LDCs.（2分）(2) Non-discriminatory: Industrialized countries give this treatment to all LDCs, without exception.（2分）(3) Non reciprocal: The LDCs do not reciprocate; they needn’t grant goods from developed nations similar special treatment. （2分）4. When transport costs and trade barriers are low, the MNE can use FDI to reduce total costs by locating different stages of overall production in different countries. For example design and development can be located in the home country while other stages of production can be located according to the country’s cost advantage. （4分）FDI and exports can sometimes be complements or substitutes depending on whether the foreign affiliates undertake the same kind of production as the parent firm. When transport costs and trade barriers are high, the choice would tilt toward FDI. Most studies, however, conclude that FDI is complementary to international trade as parts of the product line must be imported. （4分）五、论述题（共1小题，共13分）1. POSSIBLE RESPONSE: In general, the formation of trade blocs does not always lead to an improvement of economic welfare worldwide, or even within the country. （2分）On the one hand, the formation of trade blocs seems to imply a removal of trade barriers and thus a step toward free trade (trade creation). This is beneficial to consumers in the country as it leads to lower consumer prices, higher trade volumes, and higher consumer surplus. （3分）On the other hand, the formation of trade blocs might lead to shifting of imports to less efficient foreign producers who gain an advantage over more efficient producers in countries that are not members of the trade bloc. （2分）This shifting of imports is called trade diversion and creates a welfare loss for the member country. Whether or not a country gains from joining a trade bloc depends on the benefits from trade creation, the losses from trade diversion, and the possible gains from an array of other effects that may be difficult to quantify. Let us discuss in more detail these additional possible sources of benefits. （3分）First, an increase in competition can reduce prices. If before the formation of the bloc firms in the different countries had monopoly power in each national market, when national markets are joined in a bloc-wide market, firms must compete with each other. Prices are likely to move closer to marginal costs. （2分）Second, an increase in competition can lower costs of production. The increased level of competition increases the pressure on firms to implement new technologies and minimize costs. （2分）Third, firms can lower costs by expanding their scale of production. Before the formation of a bloc, each firm may have been limited to serving only its national market. If scale economies are substantial, the expansion of the firm in the bloc-wide market will lower its cost of production. （2分）第 4 页共4 页。
财经英语考试题及答案
财经英语考试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a financial instrument?A. StockB. BondC. OptionD. Computer2. The term "equity" refers to:A. The value of an asset minus its liabilitiesB. The value of an asset plus its liabilitiesC. The value of an asset divided by its liabilitiesD. The value of an asset multiplied by its liabilities3. What is the primary function of a central bank?A. To provide loans to individualsB. To regulate the money supply and interest ratesC. To manage the national budgetD. To offer investment advice4. In economics, the term "deflation" refers to:A. A decrease in the price level of goods and servicesB. An increase in the price level of goods and servicesC. A stable price level of goods and servicesD. A fluctuating price level of goods and services5. What does GDP stand for?A. Gross Domestic ProductB. Gross Domestic ProfitC. Gross Domestic PurchaseD. Gross Domestic Price6. Which of the following is not a type of market structure?A. MonopolyB. Monopolistic competitionC. Perfect competitionD. Free competition7. What is the role of a stock exchange?A. To provide a platform for trading financial instrumentsB. To regulate the prices of financial instrumentsC. To issue financial instrumentsD. To provide financial advice to investors8. The term "leverage" in finance refers to:A. The use of borrowed funds to increase the potential return of an investmentB. The use of borrowed funds to decrease the potential return of an investmentC. The use of borrowed funds to stabilize the potential return of an investmentD. The use of borrowed funds to eliminate the potential return of an investment9. What is the purpose of a balance sheet?A. To show a company's income over a period of timeB. To show a company's expenses over a period of timeC. To show a company's assets, liabilities, and equity at a specific point in timeD. To show a company's cash flow over a period of time10. What is the term for the difference between the buying and selling prices of a financial instrument?A. SpreadB. MarginC. YieldD. Dividend二、填空题（每题1分，共10分）1. The process of converting a company's financial statements from one currency to another is known as __________.2. __________ is the risk that the value of an investmentwill decrease due to changes in interest rates.3. __________ is a type of insurance that covers against damage to property.4. __________ is the study of how individuals and businesses make decisions regarding the allocation of resources.5. A __________ is a financial statement that summarizes a company's revenues, expenses, and profit over a period of time.6. __________ is the risk that a borrower will default on a loan.7. __________ is the process of buying and selling goods or services in a foreign country.8. __________ is the risk that the value of an investmentwill decrease due to changes in the market.9. __________ is a financial instrument that represents a share of ownership in a company.10. __________ is the risk that a company's management will make poor decisions that negatively impact the company'svalue.三、简答题（每题5分，共30分）1. Explain the difference between a bull market and a bear market.2. What are the main factors that influence the value of a currency in the foreign exchange market?3. Describe the role of a mutual fund in the financial market.4. What are the advantages and disadvantages of using derivatives as a financial instrument?5. How does inflation affect the economy?6. What is the purpose of a company's annual report?结束语：以上是本次财经英语考试的试题及答案，希望同学们能够通过这次考试，对财经英语有更深入的了解和掌握。
《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（）。
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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。