国际经济学双语习题.docx

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国际经济学双语习题

InternationalEconomics,8e(Krugman)

Chapter3

LaborProductivityandComparativeAdvantage:

TheRicardianModel

3.1

TheConceptofComparativeAdvantage

1)

Tradebetweentwocountriescanbenefitbothcountriesif

A)

eachcountryexportsthatgoodinwhichithasacomparativeadvantage.

B)

eachcountryenjoyssuperiortermsoftrade.

C)

eachcountryhasamoreelasticdemandfortheimportedgoods.

D)

eachcountryhasamoreelasticsupplyfortheexportedgoods.

E)

BothCandD.

Answer:

A

QuestionStatus:

PreviousEdition

2)

Inordertoknowwhetheracountryhasacomparativeadvantageintheproductionofoneparticularproductweneedinformationonatleast________unitlaborrequirements

A)

one

B)

two

C)

three

D)

four

E)

five

Answer:

D

QuestionStatus:

PreviousEdition

3)

Acountryengagingintradeaccordingtotheprinciplesofcomparativeadvantagegainsfromtradebecauseit

A)

isproducingexportsindirectlymoreefficientlythanitcouldalternatively.

B)

isproducingimportsindirectlymoreefficientlythanitcoulddomestically.

C)

isproducingexportsusingfewerlaborunits.

D)

isproducingimportsindirectlyusingfewerlaborunits.

E)

Noneoftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

4)

Giventheinformationinthetableabove,ifitisascertainedthatForeignusesprison-slavelabortoproduceitsexports,thenhomeshould

A)

exportcloth.

B)

exportwidgets.

C)

exportbothandimportnothing.

D)

exportandimportnothing.

E)

Alloftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

5)

Giventheinformationinthetableabove,iftheHomeeconomysufferedameltdown,andtheUnitLaborRequirementsdoubledto30forclothand60forwidgetsthenhomeshould

A)

exportcloth.

B)

exportwidgets.

C)

exportbothandimportnothing.

D)

exportandimportnothing.

E)

Alloftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

6)

Theearlieststatementoftheprincipleofcomparativeadvantageisassociatedwith

A)

DavidHume.

B)

DavidRicardo.

C)

AdamSmith.

D)

EliHeckscher.

E)

BertilOhlin.

Answer:

B

QuestionStatus:

PreviousEdition

7)

TheGainsfromTradeassociatedwiththeprincipleofComparativeAdvantagedependson

A)

thetradepartnersmustdifferintechnologyortastes.

B)

therecanbenomoregoodstradedthanthenumberoftradepartners.

C)

theremaybenomoretradepartnersthangoodstraded.

D)

Alloftheabove.

E)

Noneoftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

8)

TheRicardianmodeldemonstratesthat

A)

tradebetweentwocountrieswillbenefitbothcountries.

B)

tradebetweentwocountriesmaybenefitbothregardlessofwhichgoodeachexports.

C)

tradebetweentwocountriesmaybenefitbothifeachexportstheproductinwhichithasacomparativeadvantage.

D)

tradebetweentwocountriesmaybenefitonebutharmtheother.

E)

Noneoftheabove.

Answer:

C

QuestionStatus:

New

3.2

AOne-FactorEconomy

1)

Giventhefollowinginformation:

(a)Whatisthemarginalcostofatoyineachcountry?

(b)Howmightyoudemonstrate(quantitatively)thatacountrywithabsoluteproductivityadvantageinaproductmayfindthatitsproductionismorecostlythanintheother(unproductive)country?

(c)Demonstratethefactthattradeproducesimports(indirectly)cheaper,evenintherelativelyunproductivecountry.

Answer:

(a)3unitsofSoyintheU.S.,and1SoyunitinCroatia.

(b)TheU.S.haveabsoluteproductivityadvantageintoys.Nevertheless,toysarethreetimesmorecostlythantheyareinCroatia.

(c)InCroatia,oneunitofsoywillcostonetoy.However,ifthetermsoftradefallbetweenthetwoautarkicpriceratios(aconditionnecessaryforbothcountriestoenjoygainsfromtrade),sayat2Soyunitspertoy,thenCroatiawillgaineachSoyunitwithlessofasacrificeoftoyproduction.

QuestionStatus:

PreviousEdition

3.3

TradeinaOne-FactorWorld

1)

Giventheinformationinthetableabove

A)

neithercountryhasacomparativeadvantage.

B)

Homehasacomparativeadvantageincloth.

C)

Foreignhasacomparativeadvantageincloth.

D)

Homehasacomparativeadvantageinwidgets.

E)

Homehasacomparativeadvantageinbothproducts.

Answer:

B

QuestionStatus:

PreviousEdition

2)

Giventheinformationinthetableabove,ifwagesweretodoubleinHome,thenHomeshould

A)

exportcloth.

B)

exportwidgets.

C)

exportbothandimportnothing.

D)

exportandimportnothing.

E)

Alloftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

3)

Giventheinformationinthetableabove

A)

neithercountryhasacomparativeadvantage.

B)

Homehasacomparativeadvantageincloth.

C)

Foreignhasacomparativeadvantageincloth.

D)

Foreignhasacomparativeadvantageinwidgets.

E)

Homehasacomparativeadvantageinbothproducts.

Answer:

C

QuestionStatus:

PreviousEdition

4)

Giventheinformationinthetableabove,theopportunitycostofclothintermsofwidgetsinForeignisifitisascertainedthatForeignusesprison-slavelabortoproduceitsexports,thenhomeshould

A)

exportcloth.

B)

exportwidgets.

C)

exportbothandimportnothing.

D)

exportandimportnothing.

E)

Alloftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

5)

Giventheinformationinthetableabove,ifwagesweretodoubleinHome,thenHomeshould

A)

exportcloth.

B)

exportwidgets.

C)

exportbothandimportnothing.

D)

exportandimportnothing.

E)

Alloftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

6)

Giventheinformationinthetableabove,iftheworldequilibriumpriceofwidgetswere4Cloths,then

A)

bothcountriescouldbenefitfromtradewitheachother.

B)

neithercountrycouldbenefitfromtradewitheachother.

C)

eachcountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

D)

neithercountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

E)

bothcountrieswillwanttospecializeincloth.

Answer:

A

QuestionStatus:

PreviousEdition

7)

Giventheinformationinthetableabove,iftheworldequilibriumpriceofwidgetswere40cloths,then

A)

bothcountriescouldbenefitfromtradewitheachother.

B)

neithercountrycouldbenefitfromtradewitheachother.

C)

eachcountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

D)

neithercountrywillwanttoexportthegoodinwhichitenjoyscomparativeadvantage.

E)

bothcountrieswillwanttospecializeincloth.

Answer:

A

QuestionStatus:

PreviousEdition

8)

Inatwoproducttwocountryworld,internationaltradecanleadtoincreasesin

A)

consumerwelfareonlyifoutputofbothproductsisincreased.

B)

outputofbothproductsandconsumerwelfareinbothcountries.

C)

totalproductionofbothproductsbutnotconsumerwelfareinbothcountries.

D)

consumerwelfareinbothcountriesbutnottotalproductionofbothproducts.

E)

Noneoftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

9)

Asaresultoftrade,specializationintheRicardianmodeltendstobe

A)

completewithconstantcostsandwithincreasingcosts.

B)

completewithconstantcostsandincompletewithincreasingcosts.

C)

incompletewithconstantcostsandcompletewithincreasingcosts.

D)

incompletewithconstantcostsandincompletewithincreasingcosts.

E)

Noneoftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

10)

Asaresultoftradebetweentwocountrieswhichareofcompletelydifferenteconomicsizes,specializationintheRicardian2X2modeltendstobe

A)

incompleteinbothcountries

B)

completeinbothcountries

C)

completeinthesmallcountrybutincompleteinthelargecountry

D)

completeinthelargecountrybutincompleteinthesmallcountry

E)

Noneoftheabove.

Answer:

C

QuestionStatus:

PreviousEdition

11)

AnationengagingintradeaccordingtotheRicardianmodelwillfinditsconsumptionbundle

A)

insideitsproductionpossibilitiesfrontier.

B)

onitsproductionpossibilitiesfrontier.

C)

outsideitsproductionpossibilitiesfrontier.

D)

insideitstrade-partner'sproductionpossibilitiesfrontier.

E)

onitstrade-partner'sproductionpossibilitiesfrontier.

Answer:

C

QuestionStatus:

PreviousEdition

12)

IntheRicardianmodel,ifacountry'stradeisrestricted,thiswillcauseallexceptwhich?

A)

limitspecializationandthedivisionoflabor

B)

reducethevolumeoftradeandthegainsfromtrade

C)

causenationstoproduceinsidetheirproductionpossibilitiescurves

D)

mayresultinacountryproducingsomeoftheproductofitscomparativedisadvantage

E)

Noneoftheabove.

Answer:

C

QuestionStatus:

PreviousEdition

13)

IfaverysmallcountrytradeswithaverylargecountryaccordingtotheRicardianmodel,then

A)

thesmallcountrywillsufferadecreaseineconomicwelfare.

B)

thelargecountrywillsufferadecreaseineconomicwelfare.

C)

thesmallcountryonlywillenjoygainsfromtrade.

D)

thelargecountrywillenjoygainsfromtrade.

E)

Noneoftheabove.

Answer:

C

QuestionStatus:

PreviousEdition

14)

IftheworldtermsoftradeforacountryaresomewherebetweenthedomesticcostratioofHandthatofF,then

A)

countryHbutnotcountryFwillgainfromtrade.

B)

countryHandcountryFwillbothgainfromtrade.

C)

neitherco

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