经济学原理对应练习--03.doc

经济学原理对应练习--03.doc

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Chapter3/InterdependenceandtheGainsfromTradev115

Chapter3

InterdependenceandtheGainsfromTrade

MultipleChoice

1. Peoplewhoprovideyouwithgoodsandservices

a. areactingoutofgenerosity.

b. dosobecausetheyhavenootherchoice.

c. dosobecausetheygetsomethinginreturn.

d. arerequiredtodosobygovernment.

ANS:

C PTS:

1 DIF:

1 REF:

3-0

TOP:

Trade MSC:

Interpretive

2. Whenaneconomistpointsoutthatyouandmillionsofotherpeopleareinterdependent,heorsheisreferringtothefactthatweall

a. relyupongovernmenttoprovideuswiththebasicnecessitiesoflife.

b. relyupononeanotherforthegoodsandservicesweallconsume.

c. havesimilartastesandabilities.

d. areconcernedaboutoneanother’swell-being.

ANS:

B PTS:

1 DIF:

1 REF:

3-0

TOP:

Trade MSC:

Interpretive

3. Peoplegenerallychoosetodependuponothersforgoodsandservices.Economistsviewthisinterdependenceas

a. agoodthing,sinceitfostersfriendshipsandbondsthatotherwisewouldneverdevelop.

b. agoodthing,sinceitallowspeopletoconsumemoregoodsandservicesthantheywouldotherwisebeabletoconsume.

c. abadthing,sinceself-sufficiencymaybecomenecessaryinthefuture.

d. abadthing,sinceinterdependencereducespeople’sself-esteemandcausesvarioussocialproblems.

ANS:

B PTS:

1 DIF:

1 REF:

3-1

TOP:

Trade MSC:

Interpretive

4. Regangrowsflowersandmakesceramicvases.Jaysonalsogrowsflowersandmakesvases,butReganisbetteratproducingboth.Inthiscase,tradecould

a. benefitbothJaysonandRegan.

b. benefitJayson,butnotRegan.

c. benefitRegan,butnotJayson.

d. benefitneitherJaysonnorRegan.

ANS:

A PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade MSC:

Interpretive

5. BenbakesbreadandShawnaknitssweaters.Benlikestoeatbreadandwearsweaters,andthesameistrueforShawna.InwhichofthefollowingcasesisitimpossibleforbothBenandShawnatobenefitfromtrade?

a. BencannotknitsweatersandShawnacannotbakebread.

b. BenisbetterthanShawnaatbakingbreadandShawnaisbetterthanBenatknittingsweaters.

c. BenisbetterthanShawnaatbakingbreadandatknittingsweaters.

d. Noneoftheaboveiscorrect.

ANS:

D PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade MSC:

Applicative

6. ShannonbakescookiesandJustingrowsvegetables.InwhichofthefollowingcasesisitimpossibleforbothShannonandJustintobenefitfromtrade?

a. ShannondoesnotlikevegetablesandJustindoesnotlikecookies.

b. ShannonisbetterthanJustinatbakingcookiesandJustinisbetterthanShannonatgrowingvegetables.

c. JustinisbetterthanShannonatbakingcookiesandatgrowingvegetables.

d. Alloftheabovearecorrect.

ANS:

A PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade MSC:

Applicative

7. Considerashoemakerandavegetablefarmer.Potentially,tradecouldbenefitbothindividualsif

a. theshoemakercanproduceonlyshoesandthevegetablefarmercanproduceonlyvegetables.

b. theshoemakeriscapableofgrowingvegetables,butheisnotverygoodatit.

c. thevegetablefarmerisbetteratgrowingvegetablesandbetteratmakingshoesthantheshoemaker.

d. Alloftheabovearecorrect.

ANS:

D PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade MSC:

Interpretive

8. Withouttrade,

a. acountryisbetteroffbecauseitwillhavetolearntobeself-sufficientwithouttrade.

b. acountry'sproductionpossibilitiesfrontierisalsoitsconsumptionpossibilitiesfrontier.

c. acountrycanstillbenefitfrominternationalspecialization.

d. interdependenceismoreextensivethanitwouldbewithtrade.

ANS:

B PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade MSC:

Interpretive

9. Acountry'sconsumptionpossibilitiesfrontiercanbeoutsideitsproductionpossibilitiesfrontierif

a. thecountry’stechnologyissuperiortothetechnologiesofothercountries.

b. thecitizensofthecountryhaveagreaterdesiretoconsumegoodsandservicesthandothecitizensofothercountries.

c. thecountryengagesintrade.

d. Alloftheabovearecorrect.

ANS:

C PTS:

1 DIF:

2 REF:

3-1

TOP:

Trade|Productionpossibilitiesfrontier MSC:

Interpretive

10. Aproductionpossibilitiesfrontierwillbeastraightlineif

a. increasingtheproductionofonegoodbyxunitsentailsnoopportunitycostintermsoftheothergood.

b. increasingtheproductionofonegoodbyxunitsentailsaconstantopportunitycostintermsoftheothergood.

c. theeconomyisproducingefficiently.

d. theeconomyisengagedintradewithatleastoneothereconomy.

ANS:

B PTS:

1 DIF:

3 REF:

3-1

TOP:

Productionpossibilitiesfrontier MSC:

Applicative

11. Thedifferencebetweenproductionpossibilitiesfrontiersthatarebowedoutandthosethatarestraightlinesisthat

a. bowed-outproductionpossibilitiesfrontiersapplytoeconomiesthatfacetradeoffs,whereasstraight-lineproductionpossibilitiesfrontiersapplytoeconomiesthatdonotfacetrade