经济学原理对应练习09Word文件下载.doc

经济学原理对应练习09Word文件下载.doc

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b. lowerpricesofgoodsthataresubstitutesforclothing.

c. adecreaseinAmericans’demandforclothing,duetoincreasedincomesandthefactthatclothingisaninferiorgood.

d. thefactthattheminimumwageintheU.S.hasfailedtokeeppacewiththecostofliving.

ANS:

A PTS:

1 DIF:

1 REF:

9-0

TOP:

Internationaltrade MSC:

Interpretive

2. WithwhichoftheTenPrinciplesofEconomicsisthestudyofinternationaltrademostcloselyconnected?

a. Peoplefacetradeoffs.

b. Tradecanmakeeveryonebetteroff.

c. Governmentscansometimesimprovemarketoutcomes.

d. Pricesrisewhenthegovernmentprintstoomuchmoney.

B PTS:

3. Alogicalstartingpointfromwhichthestudyofinternationaltradebeginsis

a. therecognitionthatnotallmarketsarecompetitive.

b. therecognitionthatgovernmentinterventioninmarketssometimesenhancestheeconomicwelfareofthesociety.

c. theprincipleofabsoluteadvantage.

d. theprincipleofcomparativeadvantage.

D PTS:

Internationaltrade|Comparativeadvantage MSC:

4. Ataxonanimportedgoodiscalleda

a. quota.

b. tariff.

c. supplytax.

d. tradetax.

9-1

Tariffs MSC:

Definitional

5. Thepriceofagoodthatprevailsinaworldmarketiscalledthe

a. absoluteprice.

b. relativeprice.

c. comparativeprice.

d. worldprice.

Price|Worldtrade MSC:

6. Thepriceofcottonthatprevailsininternationalmarketsiscalledthe

a. exportpriceofcotton.

b. importpriceofcotton.

c. comparative-advantagepriceofcotton.

d. worldpriceofcotton.

Internationaltrade|Prices MSC:

7. Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeishigherthantheworldprice,

a. thecountrywillbeanexporterofthegood.

b. thecountrywillbeanimporterofthegood.

c. thecountrywillbeneitheranexporternoranimporterofthegood.

d. Additionalinformationisneededaboutdemandtodeterminewhetherthecountrywillbeanexporterofthegood,animporterofthegood,orneither.

2 REF:

Prices|Imports MSC:

8. Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeislowerthantheworldprice,

Prices|Exports MSC:

9. Foranycountry,iftheworldpriceofcomputersishigherthanthedomesticpriceofcomputerswithouttrade,thatcountryshould

a. exportcomputers,sincethatcountryhasacomparativeadvantageincomputers.

b. importcomputers,sincethatcountryhasacomparativeadvantageincomputers.

c. neitherexportnorimportcomputers,sincethatcountrycannotgainfromtrade.

d. neitherexportnorimportcomputers,sincethatcountryalreadyproducescomputersatalowcostcomparedtoothercountries.

Exports|Comparativeadvantage MSC:

Applicative

10. IftheworldpriceoftextilesishigherthanVietnam’sdomesticpriceoftextileswithouttrade,thenVietnam

a. shouldimporttextiles.

b. hasacomparativeadvantageintextiles.

c. shouldproducejustenoughtextilestomeetitsdomesticdemand.

d. shouldrefrainaltogetherfromproducingtextiles.

Price|Comparativeadvantage MSC:

11. Assume,forCanada,thatthedomesticpriceofsteelwithoutinternationaltradeishigherthantheworldpriceofsteel.Thissuggeststhat,intheproductionofsteel,

a. CanadahasacomparativeadvantageoverothercountriesandCanadawillimportsteel.

b. CanadahasacomparativeadvantageoverothercountriesandCanadawillexportsteel.

c. othercountrieshaveacomparativeadvantageoverCanadaandCanadawillimportsteel.

d. othercountrieshaveacomparativeadvantageoverCanadaandCanadawillexportsteel.

C PTS:

Comparativeadvantage|Prices MSC:

12. Assume,fortheU.S.,thatthedomesticpriceofbeefwithoutinternationaltradeislowerthantheworldpriceofbeef.Thissuggeststhat,intheproductionofbeef,

a. theU.S.hasacomparativeadvantageo