经济学原理对应练习--31.doc

经济学原理对应练习--31.doc

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Chapter31/Open-EconomyMacroeconomics:

BasicConceptsv1317

Chapter31

Open-EconomyMacroeconomics:

BasicConcepts

MultipleChoice

1. Internationaltrade

a. raisesthestandardoflivinginalltradingcountries.

b. lowersthestandardoflivinginalltradingcountries.

c. leavesthestandardoflivingunchanged.

d. raisesthestandardoflivingforimportingcountriesandlowersitforexportingcountries.

ANS:

A PTS:

1 DIF:

1 REF:

31-1

TOP:

Internationaltrade MSC:

Definitional

2. Foreign-producedgoodsandservicesthataresolddomesticallyarecalled

a. imports.

b. exports.

c. netimports.

d. netexports.

ANS:

A PTS:

1 DIF:

1 REF:

31-1

TOP:

Imports MSC:

Definitional

3. Netexportsofacountryarethevalueof

a. goodsandservicesimportedminusthevalueofgoodsandservicesexported.

b. goodsandservicesexportedminusthevalueofgoodsandservicesimported.

c. goodsexportedminusthevalueofgoodsimported.

d. goodsimportedminusthevalueofgoodsexported.

ANS:

B PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Definitional

4. Oneyearacountryhasnegativenetexports.Thenextyearitstillhasnegativenetexportsandimportshaverisenmorethanexports.

a. itstradesurplusfell.

b. itstradesurplusrose.

c. itstradedeficitfell.

d. itstradedeficitrose

ANS:

D PTS:

1 DIF:

2 REF:

31-1

TOP:

Tradebalance MSC:

Analytical

5. Supposethatacountryimports$100millionofgoodsandservicesandexports$75millionofgoodsandservices,whatisthevalueofnetexports?

a. $175million

b. $75million

c. $25million

d. -$25million

ANS:

D PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Applicative

6. Oceaniabuys$40ofwinefromEscudiaandEscudiabuys$100ofwoolfromOceania.Supposingthisistheonlytradethatthesecountriesdo.WhatarethenetexportsofOceaniaandEscudiainthatorder?

a. $140and$140

b. $100and$40

c. $60and-$60

d. Noneoftheaboveiscorrect.

ANS:

C PTS:

1 DIF:

2 REF:

31-1

TOP:

Netexports MSC:

Analytical

7. WhenDee,aU.S.citizen,purchasesadesignerdressmadeinMilan,thepurchaseis

a. bothaU.S.andItalianimport.

b. aU.S.exportandanItalianimport.

c. aU.S.importandanItalianexport.

d. neitheranexportnoranimportforeithercountry.

ANS:

C PTS:

1 DIF:

1 REF:

31-1

TOP:

Imports|Exports MSC:

Definitional

8. JuanlivesinEcuadorandpurchasesamotorcyclemanufacturedintheUnitedStates.Themotorcycleis

a. bothaU.S.andEcuadorianexport.

b. bothaU.S.andEcuadorianimport.

c. aU.S.importandanEcuadorianexport.

d. aU.S.exportandanEcuadorianimport.

ANS:

D PTS:

1 DIF:

1 REF:

31-1

TOP:

Exports|Imports MSC:

Definitional

9. IfU.S.importstotal$100billionandU.S.exportstotal$150billion,whichofthefollowingiscorrect?

a. TheU.S.hasatradesurplusof$100billion.

b. TheU.S.hasatradesurplusof$50billion.

c. TheU.S.hasatradedeficitof$100billion.

d. TheU.S.hasatradedeficitof$50billion.

ANS:

B PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Applicative

10. ThevalueofPeru'sexportsminusthevalueofPeru'simportsiscalled

a. Peru'sforeignportfolioinvestment.

b. Peru'sforeigndirectinvestment.

c. Peru'snetexports.

d. Peru'snetimports.

ANS:

C PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Definitional

11. Sonya,acitizenofDenmark,producesbootsandshoesthatshesellstodepartmentstoresintheUnitedStates.Otherthingsthesame,thesesales

a. increaseU.S.netexportsandhavenoeffectonDanishnetexports.

b. decreaseU.S.netexportsandhavenoeffectonDanishnetexports.

c. increaseU.S.netexportsanddecreaseDanishnetexports.

d. decreaseU.S.netexportsandincreaseDanishnetexports.

ANS:

D PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Definitional

12. AfirminChinasellsjacketstoaU.S.departmentstorechain.Otherthingsthesame,thesesales

a. increasesU.S.andChinesenetexports.

b. decreaseU.S.andChinesenetexports.

c. increaseU.S.netexportsanddecreaseChinesenetexports.

d. decreasesU.S.netexportsandincreaseChinesenetexports.

ANS:

D PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Definitional

13. Ivan,aRussiancitizen,sellsseveralhundredcasesofcaviartoarestaurantchainintheUnitedStates.Byitself,thissale

a. increasesU.S.netexportsandhasnoeffectonRussiannetexports.

b. increasesU.S.netexportsanddecreasesRussiannetexports.

c. decreasesU.S.netexportsandhasnoeffectonRussiannetexports.

d. decreasesU.S.netexportsandincreasesRussiannetexports.

ANS:

D PTS:

1 DIF:

1 REF:

31-1

TOP:

Netexports MSC:

Definitional

14. BobtrapslobstersinMaineandsellsthemtoarestaurantinEgypt.Otherthingsthesame,thesesales

a. increaseU.S.netexportsandhasnoeffectonEgyptiannetexports.

b. increaseU.S.netexportsanddecreaseEgyptiannetexports.

c. de