国际经济学双语习题1文档格式.docx

国际经济学双语习题1文档格式.docx

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E）

Answer:

E

QuestionStatus:

PreviousEdition

2）

From1959to2004,

theU.S.economyroughlytripledinsize.

U.S.importsroughlytripledinsize.

theshareofUSTradeintheeconomyroughlytripledinsize.

U.S.ImportsroughlytripledascomparedtoU.S.exports.

U.S.exportsroughlytripledinsize.

C

3）

TheUnitedStatesislessdependentontradethanmostothercountriesbecause

theUnitedStatesisarelativelylargecountry.

theUnitedStatesisa"

Superpower."

themilitarypoweroftheUnitedStatesmakesitlessdependentonanything.

theUnitedStatesinvestsinmanyothercountries.

manycountriesinvestintheUnitedStates.

A

4）

Ancienttheoriesofinternationaleconomicsfromthe18thand19thCenturiesare

notrelevanttocurrentpolicyanalysis.

areonlyofmoderaterelevanceintoday'

smoderninternationaleconomy.

arehighlyrelevantintoday'

aretheonlytheoriesthatactuallyrelevanttomoderninternationaleconomy.

arenotwellunderstoodbymodernmathematicallyorientedtheorists.

5）

Animportantinsightofinternationaltradetheoryisthatwhencountriesexchangegoodsandservicesonewiththeotherit

isalwaysbeneficialtobothcountries.

isusuallybeneficialtobothcountries.

istypicallybeneficialonlytothelowwagetradepartnercountry.

istypicallyharmfultothetechnologicallylaggingcountry.

tendstocreateunemploymentinbothcountries.

B

PreviousEdition

6）

Iftherearelargedisparitiesinwagelevelsbetweencountries,then

tradeislikelytobeharmfultobothcountries.

tradeislikelytobeharmfultothecountrywiththehighwages.

tradeislikelytobeharmfultothecountrywiththelowwages.

tradeislikelytobeharmfultoneithercountry.

tradeislikelytohavenoeffectoneithercountry.

D

7）

Benefitsofinternationaltradearelimitedto

tangiblegoods.

intangiblegoods.

allgoodsbutnotservices.

services.

Noneoftheabove.

8）

Whichofthefollowingdoesnotbelong?

NAFTA

UruguayRound

WorldTradeOrganization

NoneTariffBarriers

9）

Internationaleconomicsdoesnotusethesamefundamentalmethodsofanalysisasotherbranchesofeconomics,because

thelevelofcomplexityofinternationalissuesisunique.

theinteractionsassociatedwithinternationaleconomicrelationsishighlymathematical.

internationaleconomicstakesadifferentperspectiveoneconomicissues.

internationaleconomicpolicyrequirescooperationwithothercountries.

New

10）

BecausetheConstitutionforbidsrestraintsoninterstatetrade,

theU.S.maynotimposetariffsonimportsfromNAFTAcountries.

theU.S.maynotaffecttheinternationalvalueofthe$U.S.

theU.S.maynotputrestraintsonforeigninvestmentsinCaliforniaifitinvolvesafinancialintermediaryinNewYorkState.

theU.S.maynotimposeexportduties.

Noneoftheabove

New

11）

Whichofthefollowingisnotamajorconcernofinternationaleconomictheory?

protectionism

thebalanceofpayments

exchangeratedetermination

BilateraltraderelationswithChina

12）

Tradeisgenerallyharmfuliftherearelargedisparitiesbetweencountriesinwages."

Thisisgenerallytrue.

Thisisgenerallyfalse.

Tradetheoryhasnothingtosayaboutthisissue.

Thisistrueifthetradepartnerignoreschildlaborlaws.

Thisistrueifthetradepartnerusesprisonlabor.

13）

Whosellswhattowhom

hasbeenamajorpreoccupationofinternationaleconomics.

isnotavalidconcernofinternationaleconomics.

isnotconsideredimportantforgovernmentforeigntradepolicysincesuchdecisionsaremadeintheprivatecompetitivemarket.

isdeterminedbypoliticalratherthaneconomicfactors.

14）

Theinsightthatpatternsoftradeareprimarilydeterminedbyinternationaldifferencesinlaborproductivitywasfirstproposedby

AdamSmith.

DavidHume.

DavidRicardo.

EliHeckscher.

LernerandSamuelson.

15）

Sincethemid1940s,theUnitedStates,haspursuedabroadpolicyof

strengthening"

FortressAmerica"

protectionism.

removingbarrierstointernationaltrade.

isolatingIranandotheraxesofevil.

protectingtheU.S.fromtheeconomicimpactofoilproducers.

16）

ThebalanceofpaymentshasbecomeacentralissuefortheUnitedStatesbecause

whenthebalanceofpaymentsisnotbalanced,societyisunbalanced.

theU.S.economycannotgrowwhenthebalanceofpaymentsisindeficit.

theU.S.hasrunhugetradedeficitsineveryyearsince1982.

theU.S.neverexperiencedasurplusinitsbalanceofpayments.

17）

Theeuro,acommoncurrencyformostofthenationsofWesternEurope,wasintroduced

before1900.

before1990.

before2000.

inordertosnubtheprideoftheU.S.

18）

Duringthefirstthreeyearsofitsexistence,theeuro

depreciatedagainstthe$U.S.

maintainedastrictparitywiththe$U.S.

strengthenedagainstthe$U.S.

provedtobeanimpossibledream.

19）

Thestudyofexchangeratedeterminationisarelativelynewpartofinternationaleconomics,since,

formuchofthepastcentury,exchangerateswerefixedbygovernmentaction.

thecalculationsrequiredforthiswerenotpossiblebeforemoderncomputersbecameavailable.

economictheorydevelopedbyDavidHumedemonstratedthatrealexchangeratesremainfixedovertime.

dynamicovershootingassetpricingmodelsarearecenttheoreticaldevelopment.

20）

Afundamentalproblemininternationaleconomicsishowtoproduce

aperfectdegreeofmonetaryharmony.

anacceptabledegreeofharmonyamongtheinternationaltrade

policiesofdifferentcountries.

aworldgovernmentthatcanharmonizetradeandmonetarypolicies

acounter-cyclicalmonetarypolicysothatallcountrieswillnotbeadverselyaffectedbyafinancialcrisisinonecountry.

21）

Forthe50yearspreceding1994,internationaltradepolicieshavebeengoverned

bytheWorldTradeOrganization.

bytheInternationalMonetaryFund.

bytheWorld.

byaninternationaltreatyknownastheGeneralAgreementonTariffsandTrade（GATT）.

22）

Theinternationalcapitalmarketis

theplacewhereyoucanrentearthmovingequipmentanywhereintheworld.

asetofarrangementsbywhichindividualsandfirmsexchangemoneynowforpromisestopayinthefuture.

thearrangementwherebanksbuilduptheircapitalbyborrowingfromtheCentralBank.

theplacewhereemergingeconomiesacceptcapitalinvestedbybanks.

23）

Internationalcapitalmarketsexperienceakindofrisknotfacedindomesticcapitalmarkets,namely

economicmeltdown"

risk.

Floodandhurricanecrisisrisk.

theriskofunexpecteddowngradingofassetsbyStandardandPoor.

exchangeraterisk.

24）

Since1994,traderuleshavebeenenforcedby

theWTO.

theG10.

theGATT.

TheU.S.Congress.

25）

In1998aneconomicandfinancialcrisisinSouthKoreacausedittoexperience

asurplusintheirbalanceofpayments.

adeficitintheirbalanceofpayments.

abalancedbalanceofpayments.

anunbalancedbalanceofpayments.

E