国际经济学双语习题.docx
《国际经济学双语习题.docx》由会员分享,可在线阅读,更多相关《国际经济学双语习题.docx(41页珍藏版)》请在冰豆网上搜索。
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