（完整版）国际经济学英文题库（最全版附答案）
（完整版）国际经济学英文题库（最全版附答案）
【国际经济学】英文题库
Chapter 1: Introduction
Multiple-Choice Questions
1. Which of the following products are not produced at all in the United States?
*A. Coffee, tea, cocoa
B. steel, copper, aluminum
C. petroleum, coal, natural gas
D. typewriters, computers, airplanes
2. International trade is most important to the standard of living of:
A. the United States
*B. Switzerland
C. Germany
D. England
3. Over time, the economic interdependence of nations has:
*A. grown
B. diminished
C. remained unchanged
D. cannot say
4. A rough measure of the degree of economic interdependence of a nation is given by:
A. the size of the nations' population
B. the percentage of its population to its GDP
*C. the percentage of a nation's imports and exports to its GDP
D. all of the above
5. Economic interdependence is greater for:
*A. small nations
B. large nations
C. developed nations
D. developing nations
6. The gravity model of international trade predicts that trade between two nations is larger
A. the larger the two nations
B. the closer the nations
C. the more open are the two nations
*D. all of the above
7. International economics deals with:
A. the flow of goods, services, and payments among nations
B. policies directed at regulating the flow of goods, services, and payments
C. the effects of policies on the welfare of the nation
*D. all of the above
8. International trade theory refers to:
*A. the microeconomic aspects of international trade
B. the macroeconomic aspects of international trade
C. open economy macroeconomics or international finance
D. all of the above
9. Which of the following is not the subject matter of international finance?
A. foreign exchange markets
B. the balance of payments
*C. the basis and the gains from trade
D. policies to adjust balance of payments disequilibria
10. Economic theory:
A. seeks to explain economic events
B. seeks to predict economic events
C. abstracts from the many detail that surrounds an economic event
*D. all of the above
11. Which of the following is not an assumption generally made in the study of inter national economics?
A. two nations
B. two commodities
*C. perfect international mobility of factors
D. two factors of production
12. In the study of international economics:
A. international trade policies are examined before the bases for trade
B. adjustment policies are discussed before the balance of payments
C. the case of many nations is discussed before the two-nations case
*D. none of the above
13. International trade is similar to interregional trade in that both must overcome: *A. distance and space
B. trade restrictions
C. differences in currencies
D. differences in monetary systems
14. The opening or expansion of international trade usually affects all members of so ciety:
A. positively
B. negatively
*C. most positively but some negatively
D. most negatively but some positively
15. An increase in the dollar price of a foreign currency usually:
A. benefit U.S. importers
*B. benefits U.S. exporters
C. benefit both U.S. importers and U.S. exporters
D. harms both U.S. importers and U.S. exporters
16. Which of the following statements with regard to international economics is true?
A. It is a relatively new field
*B. it is a relatively old field
C. most of its contributors were not economists
D. none of the above
思考题：
1.为什么学习国际经济学非常重要？
2.列举体现当前国际经济学问题的一些重要事件，它们为什么重要？
3.当今世界面临的最重要的国家经济问题是什么？全球化的利弊各是什么？
Chapter 2: The Law of Comparative Advantage
Multiple-Choice Questions
1. The Mercantilists did not advocate:
*A.free trade
B. stimulating the nation's exports
C. restricting the nations' imports
D. the accumulation of gold by the nation
2. According to Adam Smith, international trade was based on:
*A. absolute advantage
B. comparative advantage
C. both absolute and comparative advantage
D. neither absolute nor comparative advantage
3. What proportion of international trade is based on
absolute advantage?
A. All
B. most
*C. some
D. none
4. The commodity in which the nation has the smallest absolute disadvantage is the commodity of its:
A. absolute disadvantage
B. absolute advantage
C. comparative disadvantage
*D. comparative advantage
5. If in a two-nation (A and B), two-commodity (X and Y) world, it is established tha t nation A has a comparative advantage in commodity X, then nation B must have:
A. an absolute advantage in commodity Y
B. an absolute disadvantage in commodity Y
C. a comparative disadvantage in commodity Y
*D. a comparative advantage in commodity Y
6. If with one hour of labor time nation A can produce either 3X or 3Y while nation
B can produce either 1X or 3Y (and labor is the only input):
A. nation A has a comparative disadvantage in commodity X
B. nation B has a comparative disadvantage in commodity Y
*C. nation A has a comparative advantage in commodity X
D. nation A has a comparative advantage in neither commodity
7. With reference to the statement in Question 6:
A. Px/Py=1 in nation A
B. Px/Py=3 in nation B
C. Py/Px=1/3 in nation B
*D. all of the above
8. With reference to the statement in Question 6, if 3X is exchanged for 3Y:
A. nation A gains 2X
*B. nation B gains 6Y
C. nation A gains 3Y
D. nation B gains 3Y
9. With reference to the statement of Question 6, the range of mutually beneficial tra de between nation A and B is:
A. 3Y < 3X < 5Y
B. 5Y < 3X < 9Y
*C. 3Y < 3X < 9Y
D. 1Y < 3X < 3Y
10. If domestically 3X=3Y in nation A, while 1X=1Y domestically in nation B:
A. there will be no trade between the two nations
B. the relative price of X is the same in both nations
C. the relative price of Y is the same in both nations
*D. all of the above
11. Ricardo explained the law of comparative advantage on the basis of:
*A. the labor theory of value
B. the opportunity cost theory
C. the law of diminishing returns
D. all of the above
12. Which of the following statements is true?
A. The combined demand for each commodity by the two nations is negatively slope d
B. the combined supply for each commodity by the two nations is rising stepwise
C. the equilibrium relative commodity price for each commodity with trade is giv en by the intersection of the demand and supply of each commodity by the two nati ons
*D. all of the above
13. A difference in relative commodity prices between two nations can be based upo n a difference in:
A. factor endowments
B. technology
C. tastes
*D. all of the above
14. In the trade between a small and a large nation:
A. the large nation is likely to receive all of the gains from trade
*B. the small nation is likely to receive all of the gains from trade
C. the gains from trade are likely to be equally shared
D. we cannot say
15. The Ricardian trade model has been empirically
*A. verified
B. rejected
C. not tested
D. tested but the results were inconclusive
思考题：
比较优势原理所带来的贸易所得是从何而来的？贸易利益又是如何分配的？
现实世界中比较优势是如何度量的？你认为目前中国具有比较优势的商品有哪些？这意味着什么？
比较优势会不会发生变化？什么样的原因可能会导致其变化？
经济学家是如何验证比较优势原理的？
Chapter 3: The Standard Theory of International Trade
Multiple-Choice Questions
1. A production frontier that is concave from the origin indicates that the nation incur s increasing opportunity costs in the production of:
A. commodity X only
B. commodity Y only
*C. both commodities
D. neither commodity
2. The marginal rate of transformation (MRT) of X for Y refers to:
A. the amount of Y that a nation must give up to produce each additional unit of X
B. the opportunity cost of X
C. the absolute slope of the production frontier at the point of production
*D. all of the above
3. Which of the following is not a reason for increasing opportunity costs:
*A. technology differs among nations
B. factors of production are not homogeneous
C. factors of production are not used in the same fixed proportion in the production of all commodities
D. for the nation to produce more of a commodity, it must use resources that are le ss and less suited in the production of the commodity
4. Community indifference curves:
A. are negatively sloped
B. are convex to the origin
C. should not cross
*D. all of the above
5. The marginal rate of substitution (MRS) of X for Y in consumption refers to the:
A. amount of X that a nation must give up for one extra unit of Y and still remain o n the same indifference curve
*B. amount of Y that a nation must give up for one extra unit of X and still remain on the same indifference curve
C. amount of X that a nation must give up for one extra unit of Y to reach a higher indifference curve
D. amount of Y that a nation must give up for one extra unit of X to reach a higher indifference curve
6. Which of the following statements is true with respect to the MRS of X for Y?
A. It is given by the absolute slope of the indifference curve
B. declines as the nation moves down an indifference curve
C. rises as the nation moves up an indifference curve
*D. all of the above
7. Which of the following statements about community indifference curves is true?
A. They are entirely unrelated to individuals' community indifference curves
B. they cross, they cannot be used in the analysis
*C. the problems arising from intersecting community indifference curves can be over come by the application of the compensation principle
D. all of the above.
8. Which of the following is not true for a nation that is in equilibrium in isolation? *A. It consumes inside its production frontier
B. it reaches the highest indifference curve possible with its production frontier
C. the indifference curve is tangent to the nation's production frontier
D. MRT of X for Y equals MRS of X for Y, and they are equal to Px/Py
9. If the internal Px/Py is lower in nation 1 than in nation 2 without trade:
A. nation 1 has a comparative advantage in commodity Y
B. nation 2 has a comparative advantage in commodity X
*C. nation 2 has a comparative advantage in commodity Y
D. none of the above
10. Nation 1's share of the gains from trade will be greater:
A. the greater is nation 1's demand for nation 2's exports
*B. the closer Px/Py with trade settles to nation 2's pretrade Px/Py
C. the weaker is nation 2's demand for nation 1's exports
D. the closer Px/Py with trade settles to nation 1's pretrade Px/Py
11. If Px/Py exceeds the equilibrium relative Px/Py with trade
A. the nation exporting commodity X will want to export more of X than at equilibr ium
B. the nation importing commodity X will want to import less of X than at equilibri um
C. Px/Py will fall toward the equilibrium Px/Py
*D. all of the above
12. With free trade under increasing costs:
A. neither nation will specialize completely in production
B. at least one nation will consume above its production frontier
C. a small nation will always gain from trade
*D. all of the above
13. Which of the following statements is false?
A.The gains from trade can be broken down into the gains from exchange and the gains from specialization
B. gains from exchange result even without specialization
*C. gains from specialization result even without exchange
D. none of the above
14. The gains from exchange with respect to the gains from specialization are alway s:
A. greater
B. smaller
C. equal
*D. we cannot say without additional information
15. Mutually beneficial trade cannot occur if production frontiers are:
A. equal but tastes are not
B. different but tastes are the same
C. different and tastes are also different
*D. the same and tastes are also the same.
思考题：
国际贸易的标准理论与大卫.李嘉图的比较优势原理有何异同？
两国仅仅由于需求偏好不同可以进行市场分工和狐狸贸易吗？
两国仅仅由于要素禀赋不同和/或生产技术不同可以进行分工和贸易吗?
Chapter 4: Demand and Supply, Offer Curves, and the T erms of Trade
Multiple Choice Questions
1. Which of the following statements is correct?
A. The demand for imports is given by the excess demand for the commodity
B. the supply of exports is given by the excess supply of the
commodity
C. the supply curve of exports is flatter than the total supply curve of the commodity *
D. all of the above
2. At a relative commodity price above equilibrium
A. the excess demand for a commodity exceeds the excess supply of the commodity
B. the quantity demanded of imports exceeds the quantity supplied of exports
*C. the commodity price will fall
D. all of the above
3. The offer curve of a nation shows:
A. the supply of a nation's imports
B. the demand for a nation's exports
C. the trade partner's demand for imports and supply of exports
*D. the nation's demand for imports and supply of exports
4. The offer curve of a nation bulges toward the axis measuring the nations
A. import commodity
*B. export commodity
C. export or import commodity
D. nontraded commodity
5. Export prices must rise for a nation to increase its exports because the nation:
A. incurs increasing opportunity costs in export production
B. faces decreasing opportunity costs in producing import substitutes
C. faces decreasing marginal rate of substitution in consumption
*D. all of the above
6. Which of the following statements regarding partial equilibrium analysis is false?
A. It relies on traditional demand and supply curves
B. it isolates for study one market
*C. it can be used to determine the equilibrium relative commodity price but not the equilibrium quantity with trade
D. none of the above
7. Which of the following statements regarding partial equilibrium analysis is true?
A. The demand and supply curve are derived from the nation's production frontier an d indifference map
B. It shows the same basic information as offer curves
C. It shows the same equilibrium relative commodity prices as with offer curves
*D. all of the above
8. In what way does partial equilibrium analysis differ from general equilibrium analy sis?
A. The former but not the latter can be used to determine the equilibrium price with
trade
B. the former but not the latter can be used to determine the equilibrium quantity with trade
C. the former but not the latter takes into consideration the interaction among all ma rkets in the economy
*D. the former gives only an approximation to the answer sought.
9. If the terms of trade of a nation are 1.5 in a two-nation world, those of the trade partner are:
A. 3/4
*B. 2/3
C. 3/2
D. 4/3
10. If the terms of trade increase in a two-nation world, those of the trade partner: *A. deteriorate
B. improve
C. remain unchanged
D. any of the above
11. If a nation does not affect world prices by its trading, its offer curve:
A. is a straight line
B. bulges toward the axis measuring the import commodity
*C. intersects the straight-line segment of the world's offer curve
D. intersects the positively-sloped portion of the world's offer curve
12. If the nation's tastes for its import commodity increases:
A. the nation's offer curve rotates toward the axis measuring its import commodity
B. the partner's offer curve rotates toward the axis measuring its import commodit y
C. the partner's offer curve rotates toward the axis measuring its export commodity *
D. the nation's offer curve rotates toward the axis measuring its export commodity
13. If the nation's tastes for its import commodity increases:
A. the nation's terms of trade remain unchanged
*B. the nation's terms of trade deteriorate
C. the partner's terms of trade deteriorate
D. any of the above
14. If the tastes for a nation import commodity increases, trade volume:
*A. increases
B. declines
C. remains unchanged
D. any of the above
15. A deterioration of a nation's terms of trade causes the nation's welfare to:
A. deteriorate
B. improve
C. remain unchanged
*D. any of the above
思考题：
提供曲线如何推导？有何用途？
两国贸易时的均衡商品价格是如何决定的？受哪些因素影响？
贸易条件的含义是？贸易条件的改善意味着什么？哪些因素可能导致贸易条件的改善？Chapter 5: Factor Endowments and the Heckscher-Ohlin Theory
Multiple-Choice Questions
1. The H-O model extends the classical trade model by:
A. explaining the basis for comparative advantage
B. examining the effect of trade on factor prices
*C. both A and B
D. neither A nor B
2. Which is not an assumption of the H-O model:
A. the same technology in both nations
B. constant returns to scale
*C. complete specialization
D. equal tastes in both nations
3. With equal technology nations will have equal K/L in
production if:
*A. factor prices are the same
B. tastes are the same
C. production functions are the same
D. all of the above
4. We say that commodity Y is K-intensive with respect to X when:
A. more K is used in the production of Y than X
B. less L is used in the production of Y than X
*C. a lower L/K ratio is used in the production of Y than X
D. a higher K/L is used in the production of X than Y
5. When w/r falls, L/K
A. falls in the production of both commodities
*B. rises in the production of both commodities
C. can rise or fall
D. is not affected
6. A nation is said to have a relative abundance of K if it has a:
A. greater absolute amount of K
B. smaller absolute amount of L
C. higher L/K ratio
*D. lower r/w
7. A difference in relative commodity prices between nations can be based on a diffe rence in:
A. technology
B. factor endowments
C. tastes
*D. all of the above
8. In the H-O model, international trade is based mostly on a difference in:
A. technology
*B. factor endowments
C. economies of scale
D. tastes
9. According to the H-O model, trade reduces international differences in:
A. relative but not absolute factor prices
B. absolute but not relative factor prices
*C. both relative and absolute factor prices
D. neither relative nor absolute factor prices
10. According to the H-O model, international trade will:
A. reduce international differences in per capita incomes
B. increases international differences in per capita incomes
*C. may increase or reduce international differences in per capita incomes D. lead to complete specialization
11. The H-O model is a general equilibrium model because it deals with:
A. production in both nations
B. consumption in both nations
C. trade between the two nations
*D. all of the above
12. The H-O model is a simplification of the a truly general equilibrium model because it deals with:
A. two nations
B. two commodities
C. two factors of production
*D. all of the above
13. The Leontief paradox refers to the empirical finding that U.S.
*A. import substitutes are more K-intensive than exports
B. imports are more K-intensive than exports
C. exports are more L-intensive than imports
D. exports are more K-intensive than import substitutes
14. From empirical studies, we conclude that the H-O theory:
A. must be rejected
B. must be accepted without reservations
*C. can be accepted while awaiting further testing
D. explains all international trade
15. For factor reversal to occur, two commodities must be produced with:
*A. sufficiently different elasticity of substitution of factors
B. the same K/L ratio
C. technologically-fixed factor proportions
D. equal elasticity of substitution of factors
思考题：
H-O理论有哪些假设？各假设的含义是什么？为什么要做出这些假设？
如何检验H-O理论的正确性？
H-O-S定理的假设条件又是什么？他与生产要素国际间的流动有何关系？
如何检验H-O-S定理在现实中的可靠性？
Chapter 6: Economies of Scale, Imperfect Competition, and International T rade
Multiple-Choice Questions:
1. Relaxing the assumptions on which the Heckscher-Ohlin theory rests:
A. leads to rejection of the theory
B. leaves the theory unaffected
*C. requires complementary trade theories
D. any of the above.
Which of the following assumptions of the Heckscher-Ohlin theory, when relaxed, leav e
the theory unaffected?
A. Two nations, two commodities, and two factors
B. both nations use the same technology
C. the same commodity is L-intensive in both nations
*D. all of the above
Which of the following assumptions of the Heckscher-Ohlin theory, when relaxed, require new trade theories?
*A. Economies of scale
B. incomplete specialization
C. similar tastes in both nations
D. the existence of transportation costs
International trade can be based on economies of scale even if both nations have ide ntical:
A. factor endowments
B. tastes
C. technology
*D. all of the above
5. A great deal of international trade:
A. is intra-industry trade
B. involves differentiated products
C. is based on monopolistic competition
国际经济学题库(英文版)
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 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 trade will 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 most 1Answers to Textbook Problems 1.At an exchange rate of$1.50per euro,the price ofa bratwurst in terms ofhot dogs is1.875(7.5/4) hot dogs per bratwurst.After a dollar appreciation to$1.25per euro,the relative price ofa bratwurst falls to1.56(6.25/4)hot dogs per bratwurst.Hot dogs have become more expensive relative to bratwurst. 2.The Norwegian krone/Swiss franc cross rate must be6Norwegian krone per Swiss franc. 58Krugman/Obstfeld•InternationalEconomics:Theory andPolicy,Eighth Edition 3.When the yen depreciates vs.the dollar,its costs go up.This depresses its profits.On the other hand, ifit exports products to the U.S.,it can increase the yen price(without changing the dollar price)so there may be some offsetting effects.But,by and large,a firm that has substantial imported input costs does not relish a depreciating home currency. 4.The dollar rates ofreturn are as follows: a.($250,000$200,000)/$200,000=0.25. b.($275$225)/$225=0.22. c.There are two parts to this return.One is the loss involved due to the appreciation ofthe dollar; the dollar appreciation is($1.38$1.50)/$1.50=0.08.The other part ofthe return is the interestpaidbythe Londonbank onthe deposit,10percent.(The size ofthe deposit is immaterial to the calculation ofthe rate ofreturn.)In terms ofdollars,the realized return on the London deposit is thus2percent per year. 5.Note here that the ordering ofthe returns ofthe three assets is the same whether we calculate real or nominal returns. a.The real return on the house would be25%10%=15%.This return could also be calculated by first finding the portion ofthe$50,000nominal increase in the house’s price due to inflation ($20,000),then finding the portion ofthe nominal increase due to real appreciation($30,000), and finally finding the appropriate real rate ofreturn($30,000/$200,000=0.15). b.Again,subtracting the inflation rate from the nominal return,we get20%10%=10%. c. 2% 10% = 8%. 6.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.Ifthe expected exchange rate remains at$1.52per pound and the pound interest rate rises to10percent,then interest parity is satisfied only ifthe current exchange rate changes such that there is an expected appreciation ofthe dollar equal to5percent.This will occur when the exchange rate rises to$1.60per pound(a depreciation ofthe dollar against the pound). 7.Ifmarket traders learn that the dollar interest rate will soon fall,they also revise upward their expectation ofthe dollar’s future depreciation in the foreign-exchange market.Given the current exchange rate and interest rates,there is thus a rise in the expected dollar return on euro deposits. The downward-sloping curve in the diagram below shifts to the right and there is an immediate dollar depreciation,as shown in the figure below where a shift in the interest-parity curve from II to II leads to a depreciation ofthe dollar from E 0to E 1 . Figure13.2 International Economics’ Middle Test 1. The mercantilists would have objected to: a. Export promotion policies initiated by the government b. The use of tariffs or quotas to restrict imports c. Trade policies designed to accumulate gold and other precious metals d. International trade based on open markets 2. Unlike Adam Smith, David Ricardo’s trading principle emphasizes the: a. Demand side of the market b. Supply side of the market c. Role of comparative costs d. Role of absolute costs 3. A nation that gains from trade will find its consumption point being located: a. Inside its production possibilities curve b. Along its production possibilities curve c. Outside its production possibilities curve d. None of the above 4. If a production possibilities curve is bowed out (i.e., concave) in appearance, production occurs under conditions of: a. Constant opportunity costs b. Increasing opportunity costs c. Decreasing opportunity costs d. Zero opportunity costs 5. Increasing opportunity costs suggest that: a. Resources are not perfectly shiftable between the production of two goods b. Resources are fully shiftable between the production of two goods c. A country’s production possibilities curve appears as a straight line d. A country’s produ ction possibilities curve is bowed inward (i. e., convex) in appearance 6. The trading-triangle concept is used to indicate a nation’s: a. Exports, marginal rate of transformation, terms of trade b. Imports, terms of trade, marginal rate of transformation c. Marginal rate of transformation, imports, exports d. Terms of trade, exports, imports 7. The earliest statement of the principle of comparative advantage is associated with: a. Adam Smith b. David Ricardo c. Eli Heckscher d. Bertil Ohlin 8. When a nation achieves autarky equilibrium: a. Input price equals final product price b. Labor productivity equals the wage rate c. Imports equal exports d. Production equals consumption 9. The gains from international trade increase as: a. A nation consumes inside of its production possibilities schedule b. A nation consumes along its production possibilities schedule c. The international terms of trade rises above the nation’s autarky price d. The international terms of trad e approaches the nation’s autarky price 10. Under free trade, Canada would not enjoy any gains from trade with Sweden if Canada: a. Trades at the Canadian rate of transformation b. Trades at Sweden’s rate of transformation c. Specializes completely in the production of its export good d. Specializes partially in the production of its export good 11. A rise in the price of imports or a fall in the price of exports will: a. Improve the terms of trade b. W orsen the terms of trade c. Expand the production possibilities curve d. Contract the production possibilities curve 12. A term-of-trade index that equals 90 indicates that compared to the base year: a. It requires a greater output of domestic goods to obtain the same amount of foreign goods b. It requires a lesser amount of domestic goods to obtain the same amount of foreign goods c. The price of exports has fallen from $100 to $90 d. The price of imports has fallen from $100 to $90 13. The use of indifference curves helps us determine the point: a. Along the production possibilities curve a country will choose b. At which a country maximizes its resource productivity c. At which a country ceases to become competitive d. Where the marginal rate of transformation approaches zero 14. The equilibrium prices and quantities established after trade are fully determinate if we know: a. The location of all countries’ indifference curves b. The shape of each country’s production possibilities curve c. The comparative costs of each trading partner d.The strength of world supply and demand for each good 15. In the absence of trade, a nation is in equilibrium where a community indifference curve: 国际经济学题库 International Economics, 8e (Krugman) Chapter 16 Output and the Exchange Rate in the Short Run 16.1 Determinants of Aggregate Demand in an Open Economy 1) How does an increase in the real exchange rate affect exports and imports? A) Exports increase; imports decrease. B) Exports decrease; imports increase. C) Exports increase; imports change ambiguously. D) Exports change ambiguously; imports decrease. E) Exports increase; imports are constant. Answer: C Question Status: Previous Edition 2) Which one of the following statements is the most accurate? A) For asset markets to remain in equilibrium, a rise in domestic output must be accompanied by a depreciation of domestic currency, all else equal. B) For asset markets to remain in equilibrium, a fall in domestic output must be accompanied by a depreciation of foreign currency, all else equal. C) For asset markets to remain in equilibrium, a rise in domestic output must be accompanied by an appreciation of domestic currency, all else equal. D) For asset markets to remain in equilibrium, a fall in domestic output must be accompanied by an appreciation of domestic currency, all else equal. E) None of the above. Answer: C 国际经济学罗伯特凯伯第13 版答案 CHAPTER 1 THE INTERNATIONAL ECONOMY AND GLOBALIZATION 国际经济学罗伯特凯伯第13 版答案 MULTIPLE-CHOICE QUESTIONS 1. A primary reason why nations conduct international trade is because: a. Some nations prefer to produce one thing while others produce things other b. Resources are not equally distributed among all trading nations c. Trade enhances opportunities to accumulate profits d. Interest rates are not identical in all trading nations 2. A main advantage of specialization results from: a. Economies of large-scale production b. The specializing country behaving as a monopoly c. Smaller production runs resulting in lower unit costs d. High wages paid to foreign workers 3. International trade in goods and services is sometimes used as a substitute for all of the following except : a. International movements of capital b. International movements of labor c. Domestic production of the same goods and services d. Domestic production of different goods and services CHAPTER 15—EXCHANGE-RATE ADJUSTMENTS AND THE BALANCE OF PAYMENTS MULTIPLE CHOICE 1. According to the absorption approach, the economic circumstances that best warrant a currency devaluation is where the domestic economy faces: a. Unemployment coupled with a payments deficit b. Unemployment coupled with a payments surplus c. Full employment coupled with a payments deficit d. Full employment coupled with a payments surplus ANS: A PTS: 1 2. According to the J-curve effect, when the exchange value of a country's currency appreciates, the country's trade balance: a. First moves toward deficit, then later toward surplus b. First moves toward surplus, then later toward deficit c. Moves into deficit and stays there d. Moves into surplus and stays there ANS: B PTS: 1 3. Assume that Brazil has a constant money supply and that it devalues its currency. The monetary approach to devaluation reasons that one of the following tends to occur for Brazil: a. Domestic prices rise--purchasing power of money falls--consumption falls b. Domestic prices rise--purchasing power of money rises--consumption rises c. Domestic prices fall--purchasing power of money rises--consumption falls d. Domestic prices fall--purchasing power of money rises--consumption rises ANS: A PTS: 1 4. According to the Marshall-Lerner approach, a currency depreciation will best lead to an improvement on the home country's trade balance when the: a. Home demand for imports is inelastic--foreign export demand is inelastic b. Home demand for imports is inelastic--foreign export demand is elastic c. Home demand for imports is elastic--foreign export demand is inelastic d. Home demand for imports is elastic--foreign export demand is elastic ANS: D PTS: 1 Multiple-Choice Questions Ch.2 1.The Mercantilists did not advocate: a a. free trade b. stimulating the nation's exports c. restricting the nations' imports d. the accumulation of gold by the nation 2.According to Adam Smith, international trade was based on: a a. absolute advantage b. comparative advantage c. both absolute and comparative advantage d. neither absolute nor comparative advantage 3.What proportion of international trade is based on absolute advantage? c. a. All b. most c. some d. none 4.The commodity in which the nation has the smallest absolute disadvantage is the commodity of its: d a. absolute disadvantage b. absolute advantage c. comparative disadvantage d. comparative advantage 5.If in a two-nation (A and B), two-commodity (X and Y) world, it is established that nation d A has a comparative advantage in commodity X, then nation B must have: a. an absolute advantage in commodity Y b. an absolute disadvantage in commodity Y c. a comparative disadvantage in commodity Y d. a comparative advantage in commodity Y 6.If with one hour of labor time nation A can produce either 3X or 3Y while nation B can produce either 1X or 3Y (and labor is the only input): c a. nation A has a comparative disadvantage in commodity X b. nation B has a comparative disadvantage in commodity Y c. nation A has a comparative advantage in commodity X d. nation A has a comparative advantage in neither commodity 7. With reference to the statement in Question 6: d a. Px/Py=1 in nation A 《国际经济学》选择题汇总版（附答案） Ch1-Ch3 1.The United States is less dependent on trade than most other countries because A) 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 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) the monetary side of the international economy, such as currency exchange. 5. The gravity model offers a logical explanation for the fact that A)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 European Union. E) the U.S. trades more with Western Europe than it does with Canada. 6. The gravity model explains why A)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 trade between neighboring国际经济学英文期末考试模拟试题含答案
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