国际经济学作业答案第六章文档格式.docx

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国际经济学作业答案第六章文档格式.docx

(d)remainsconstant.

(e)Noneoftheabove.

Answer:

B

2.Internaleconomiesofscalearisewhenthecostperunit

(b)fallsastheindustrygrowslarger.

(c)risesastheaveragefirmgrowslarger.

(d)fallsastheaveragefirmgrowslarger.

D

3.Externaleconomiesofscale

(a)maybeassociatedwithaperfectlycompetitiveindustry.

(b)cannotbeassociatedwithaperfectlycompetitiveindustry.

(c)tendstoresultinonehugemonopoly.

(d)tendstoresultinlargeprofitsforeachfirm.

A

4.Internaleconomiesofscale

(c)areassociatedonlywithsophisticatedproductssuchasaircraft.

(d)cannotformthebasisforinternationaltrade.

5.Amonopolisticfirm

(a)cansellasmuchasitwantsforanypriceitdeterminesinthemarket.

(b)cannotdeterminetheprice,whichisdeterminedbyconsumerdemand.

(c)willneversellaproductwhosedemandisinelasticatthequantitysold.

(d)cannotselladditionalquantityunlessitraisesthepriceoneachunit.

C

6.Monopolisticcompetitionisassociatedwith

(a)cut-throatpricecompetition.

(b)productdifferentiation.

(c)explicitconsiderationatfirmlevelofthefeedbackeffectsofotherfirms’pricingdecisions.

(d)highprofitmargins.

7.Themostcommonmarketstructureis

(a)perfectcompetition.

(b)monopolisticcompetition.

(c)small-groupoligopoly.

(d)perfectlyverticalintegration.

8.Modelingtradeinmonopolisticindustriesisproblematicbecause

(a)thereisnoonegenerallyacceptedmodelofoligopolybehavior.

(b)therearenomodelsofoligopolybehavior.

(c)itisdifficulttofindanoligopolyintherealworld.

(d)collusionamongoligopolistsmakesusabledatarare.

9.Wherethereareeconomiesofscale,thescaleofproductionpossibleinacountryisconstrainedby

(a)thesizeofthecountry.

(b)thesizeofthetradingpartner’scountry.

(c)thesizeofthedomesticmarket.

(d)thesizeofthedomesticplustheforeignmarket.

10.Wherethereareeconomiesofscale,anincreaseinthesizeofthemarketwill

(a)increasethenumberoffirmsandraisethepriceperunit.

(b)decreasethenumberoffirmsandraisethepriceperunit.

(c)increasethenumberoffirmsandlowerthepriceperunit.

(d)decreasethenumberoffirmsandlowerthepriceperunit.

11.ThesimultaneousexportandimportofwidgetsbytheUnitedStatesisanexampleof

(a)increasingreturnstoscale.

(b)imperfectcompetition.

(c)intra-industrytrade.

(d)inter-industrytrade.

12.Ifoutputmorethandoubleswhenallinputsaredoubled,productionissaidtooccurunderconditionsof

13.Intra-industrytradecanbeexplainedinpartby

(a)transportationcostswithinandbetweencountries.

(b)problemsofdataaggregationandcategorization.

(c)increasingreturnstoscale.

(d)Alloftheabove.

14.Ifsomeindustriesexhibitinternal(firmspecific)increasingreturnstoscaleineachcountry,weshouldnotexpecttosee

(a)intra-industrytradebetweencountries.

(b)perfectcompetitionintheseindustries.

(c)inter-industrytradebetweencountries.

(d)highlevelsofspecializationinbothcountries.

15.Intra-industrytradeismostcommoninthetradepatternsof

(a)developingcountriesofAsiaandAfrica.

(b)industrialcountriesofWesternEurope.

(c)allcountries.

(d)North-Southtrade.

16.Internationaltradebasedonscaleeconomiesislikelytobeassociatedwith

(a)Ricardiancomparativeadvantage.

(b)comparativeadvantageassociatedwithHeckscher-Ohlinfactor-proportions.

(c)comparativeadvantagebasedonqualityandservice.

(d)comparativeadvantagebasedondiminishingreturns.

E

17.Internationaltradebasedonexternalscaleeconomiesinbothcountriesislikelytobecarriedout

bya

(a)relativelylargenumberofpricecom

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