国际经济学作业答案第七章Word文档下载推荐.docx
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(e)themarginalproductofcapital.
D
3.Internationalfreelabormobilitywillunderallcircumstances
(a)increasetotalworldoutput.
(b)improvetheeconomicwelfareofeveryone.
(c)improvetheeconomicwelfareofworkerseverywhere.
(d)improvetheeconomicwelfareoflandlords(orcapitalowners)everywhere.
(e)Noneoftheabove.
E
4.IftheworldattainedaperfectHeckscher-Ohlinmodelequilibriumwithtrade,then
(a)workersinthelaborabundantcountrywouldmigratetothecapitalabundantcountry.
(b)workersinthelaborabundantcountrywouldwishtomigratetothecapitalabundantcountry.
(c)workersinthelaborabundantcountrywouldhavenodesiretomigratetothecapitalabundantcountry.
(d)workersinthecapitalabundantcountrywouldwishtomigratetothelaborabundantcountry.
(e)workersinthecapitalabundantcountrywouldmigratetothelaborabundantcountry.
C
5.Duringthemassmigrationperiodoflate19th-early20thcenturies,
(a)wagesroseintheorigincountriesandfellinthedestinationcountries.
(b)wagesfellintheorigincountriesandroseinthedestinationcountries.
(c)wagesgenerallyrosefasterintheorigincountries.
(d)wagesgenerallyrosefasterinthedestinationcountries.
(e)wagesgenerallyfellfasterintheorigincountries.
6.Internationalborrowingandlendingmaybeinterpretedasoneformof
(a)intermediatetrade.
(b)inter-temporaltrade.
(c)tradeinservices.
(d)unrequitedinternationaltransfers.
7.Therelativepriceoffutureconsumptionis
(a)theinterestrate.
(b)unknownatanygiventime.
(c)therealinterestrate.
(d)therelativeinterestrate.
8.Acountrythathasacomparativeadvantageinfutureproductionofconsumptiongoods
(a)willtendtobeaninternationalborrower.
(b)willtendtohavelowrealinterestrates.
(c)willtendtobeaninternationalinvestororlender.
(d)willtendtohavegoodworkethics.
A
9.AU.S.multinationalcorporation
(a)hasacontrollingshareinaforeignsubsidiaryandisnotitselfforeigncontrolled.
(b)isforeigncontrolledandhasnocontrollingshareinaforeigncompany.
(c)hasacontrollingshareinaforeignsubsidiaryandmayitselfbeforeigncontrolledbyaforeigncompany.
(d)isaU.S.companywhosemajormarketsareoutsidetheUnitedStates.
10.Whyagoodisproducedintwodifferentcountriesisknownasthequestionof
(a)internalization.
(b)verticalintegration.
(c)exploitation.
(d)location.
11.Internalizationdealswiththequestion
(a)whyworkersprefertoworkindoors
(b)internationalization
(c)whycomponentsareproducedbyonefirmratherthanbymany.
(d)Whyagoodisproducedintwodifferentcountries
(e)Noneoftheabove
12.Thehomelocationofmostoftheworld’slargemultinationalcompaniesis
(a)NorthAmericaandEurope.
(b)NorthAmericaandAsia.
(c)EuropeandSouthAmerica.
(d)EuropeandAsia.
13.Whichofthefollowingbestreferstotheoutrightconstructionorpurchaseabroadofproductivefacilitiesbydomesticresidents?
(a)Foreigndirectinvestment
(b)PortfolioInvestment
(c)Short-termcapitalinvestment.
(d)Long-termcapitalinvestment
14.MostdirectinvestmentintheUnitedStateshascomefrom
(a)Japan.
(b)Canada.
(c)WesternEurope.
(d)SouthAmerica.
(e)Asia.
15.MostU.S.directforeigninvestmentoccursin
(a)communications.
(b)agriculture.
(c)petroleum.
(d)manufacturing.
16.MostforeigndirectinvestmentintheUnitedStatesoccursin
17.Multinationalcorporationsmayprovidebenefitstotheirhomecountriesforthefollowingreasonsexceptwhichone?
(a)Securerawmaterialsforthesourcecountry
(b)Allowforexportsofproducts,whichinvolvecompany-specifictradesecrets
(c)Allowdomesticfirmstosecuretimelydeliveriesofcommoditiesorproducts,whichdonotenjoyastableordeepmarketinternationally
(d)Shifthomecountrytechnologyoverseasvialicensing
18.Tradeanalysisinvolvingmultinationalcorporationsdiffersfromourconventionaltradeanalysisbecausemultinationalcorporationanalysisinvolves
(a)absolutecostdifferentialsratherthancomparativecostdifferentials.
(b)theinternationalmovementoffactorinputsaswellasthatoffinishedgoods.
(c)purelycompetitivemarketsratherthanimperfectlycompetitivemarkets.
(d)portfolioinvestmentsratherthandirectforeigninvestment.
19.Directforeigninvestmentmaytakeanyofthefollowingformsexcept
(a)investorsbuyingbondsofanexistingfirmoverseas.
(b)thecreationofawhollyownedbusinessoverseas.
(c)thetakeoverofanexistingcompanyoverseas.
(d)theconstructionofamanufacturingplantoverseas.
20.WhichofthefollowingcouldlogicallyexplainwhyforeigndirectinvestmentmightbeattractedtotheUnitedStates?
(a)U.S.wageratesexceedingtheproductivityofU.S.labor
(b)U.S.priceceilingsthatholddownthepriceofenergy
(c)Especiallyhighprice/earningratiosassociatedwiththestockofU.S.firms
(d)AnticipationsoffuturereductionsinU.S.non-tariffbarriers
21.Multinationalcorporations
(a)increasethetransferoftechnologybetweennations.
(b)makeitharderfornationstofosteractivitiesofcomparativeadvantage.
(c)alwaysenjoypoliticalharmonyinhostcountriesinwhichtheirsubsidiariesoperate.
(d)requiregovernmentalsubsidiesinordertoconductworldwideoperations.
22.AmericanlaborunionshaverecentlymaintainedthatU.S.multinationalcorporationshavebeen
(a)exportingAmericanjobsbyinvestingoverseas.
(b)exportingAmericanjobsbykeepinginvestmentintheUnitedStates.
(c)importingcheapforeignlaborbyshiftingU.S.investmentoverseas.
(d)importingcheapforeignworkersbykeepingU.S.investmentathome.
23.Multinationalcorporations
(a)alwaysproduceprimarygoods.
(b)alwaysproducemanufacturedgoods.
(c)alwaysproduceservices.
(d)mayproduceprimaryormanufacturedgoods.
24.___________referstohighlyeducatedandskilledpeoplewhomigratefrompoordevelopingcountriestowealthyindustrialcountries.
(a)Directinvestment
(b)Portfolioinvestment
(c)Transferpricing
(d)Braindrain
25.Internationallabormobility
(a)leadstowageconvergencebyraisingwagesindestinationcountryandloweringinsourcecountry.
(b)isinaccordancewiththespecificfactorsmodel
(c)isinaccordancewiththeHeckscher-Ohlinfactorproportionsmodel.
(d)leadstowageconvergencebyraisingwagesinsourceandloweringthemindestinationcountry.
(e)isinaccordancewithscaleeconomymodel.
26.Intheory,labormobilityis
(a)acompletecomplementtotradeflows.
(b)apartialcomplementtotradeflows.
(c)acompletesubstitutefortradeflows.
(d)apartialsubstitutefortradeflows.
27.Inpractice,internationallabormobilityis
28.IfoneobservesthatJapanwastraditionallyanetforeignlender,onecouldconcludethatrelativetoitsinternationaltradeandfinancialpartners
(a)Japan’sinter-temporalproductionpossibilitiesarebiasedtowardfutureconsumption.
(b)Japan’sinter-temporalproductionpossibilitiesarelargerthanthatoftheothercountries.
(c)Japan’sinter-temporalproductionpossibilitiesarebiasedtowardpresentconsumption.
(d)Japan’sinter-temporalproductionpossibilitiesarenotbiased.
29.Rapidlygrowingdevelopingcountriestendtobeborrowersontheinternationalcapitalmarkets.Fromthisinformationwemaysurmisethattheyhaveacomparativeadvantagein
(a)capitalgoods.
(b)futureincome.
(c)disposableincome.
(d)consumergoods.
(e)presentincome.
30.Itmaybearguedthattheoretically,internationalcapitalmovements
(a)tendtohurtthedonorcountries.
(b)tendtohurttherecipientcountries.
(c)tendtohurtlaborindonorcountries.
(d)tendtohurtlaborinrecipientcountries.
31.Transactionsbetweenbranchesofthesamemultinationalcorporationsaccountfor________ofU.S.imports.
(a)onequarter
(b)onethird
(c)onehalf
(d)threequarters
(e)all
32.Theshiftoflabor-intensiveassemblyoperationsfromtheUnitedStatestoMexicanma