5学原理》(宏观)第五版测试题库 (31)文档格式.doc

5学原理》(宏观)第五版测试题库 (31)文档格式.doc

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TRUE/FALSE

1. Acountrywithnegativenetexportshasatradesurplus.

ANS:

F DIF:

1 REF:

31-1

NAT:

Analytic LOC:

Internationaltradeandfinance TOP:

Netexports

MSC:

Definitional

2. Ifacountry’simportsexceeditsexportsithasatradesurplus.

Tradebalance

3. Ifacountrysellsmoregoodsandservicesabroadthanitpurchasesabroad,ithaspositivenetexportsandatradesurplus.

T DIF:

4. MoviesareamajorexportoftheU.S.

U.S.tradestatistics

5. PerhapsthemostdramaticchangeintheU.S.economyoverthepastfourdecadeshasbeentheincreasingrelativeimportanceofinternationaltradeandfinance.

U.S.trade

6. ReducedbarrierstotradehelpexplainanincreaseinU.S.exportsandimportsrelativetoGDPsince1950.

7. U.S.exportsmakeuplessthan20percentofGDP.

2 REF:

31-3

8. Netcapitaloutflowisthepurchaseofdomesticassetsbyforeignresidentsminusthepurchaseofforeignassetsbydomesticresidents.

Netcapitaloutflow

9. Whennetcapitaloutflowisnegative,itmeansthatonnetthevalueofdomesticassetspurchasedbyforeignersexceedsthevalueofforeignassetspurchasedbydomesticresidents.

10. Arationalinvestorwillalwayspurchasethebondthatpaysthehighestrealinterestrate.

Foreignportfolioinvestment

Applicative

11. WhenacompanyfromGermanybuildsanautomobilefactoryintheUnitedStates,theGermanfirmhasengagedinforeigndirectinvestment.

Foreigndirectinvestment

12. BothforeigndirectinvestmentandforeignportfolioinvestmentbyU.S.residentsincreaseU.S.netcapitaloutflow.

Internationaltradeandfinance

TOP:

Netcapitaloutflow,Foreigndirectinvestment,Foreignportfolioinvestment

13. Byitself,thepurchaseofaU.S.bondbyaforeignresidentdecreasesU.S.netcapitaloutflowandincreasesforeigncapitaloutflow.

14. Foraneconomyasawhole,netexportsmustequalminusonetimesnetcapitaloutflow.

Netcapitaloutflow|Netexports MSC:

15. Ifacountry’snetexportsfall,thenitsnetcapitaloutflowrises.

16. IfaU.S.firmbuysChinesetoysusingpreviouslyobtainedChinesecurrency,thenbothU.S.netexportsandU.S.netcapitaloutflowdecrease.

17. Ifanationissellingmoregoodsandservicestoforeignersthanitisbuyingfromthem,thenonnetitmustbesellingassetsabroad.

Netexports,Netcapitaloutflow MSC:

Interpretative

18. Ifanationissellingmoregoodsandservicestoforeignersthanitisbuyingfromthem,thenonnetitmustbebuyingassetsabroad.

19. Ineveryeconomy,nationalsavingequalsdomesticinvestmentplusnetcapitaloutflow.

Netcapitaloutflow|Netexports

20. WhenU.S.nationalsavingrises,domesticinvestmentalsonecessarilyrises.

Nationalaccounts

21. Anationwithatradesurpluswillnecessarilyhavedomesticinvestmentthatisgreaterthandomesticsaving.

A