国际经济学作业答案-第五章.doc
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Chapter5TheStandardTradeModel61
Chapter5TheStandardTradeModel
nMultipleChoiceQuestions
1. Theconcept“termsoftrade”means
(a) theamountofexportssoldbyacountry.
(b) thepriceconditionsbargainedforininternationalmarkets.
(c) thepriceofacountry’sexportsdividedbythepriceofitsimports.
(d) thequantitiesofimportsreceivedinfreetrade.
(e) Noneoftheabove.
Answer:
C
2. Acountrycannotproduceamixofproductswithahighervaluethanwhere
(a) theisovaluelineintersectstheproductionpossibilityfrontier.
(b) theisovaluelineistangenttotheproductionpossibilityfrontier.
(c) theisovaluelineisabovetheproductionpossibilityfrontier.
(d) theisovaluelineisbelowtheproductionpossibilityfrontier.
(e) theisovaluelineistangentwiththeindifferencecurve.
Answer:
B
3. Tastesofindividualsarerepresentedby
(a) theproductionpossibilityfrontier.
(b) theisovalueline.
(c) theindifferencecurve.
(d) theproductionfunction.
(e) Noneoftheabove.
Answer:
C
4. IfPC/PFweretoincreaseintheinternationalmarketplace,then
(a) allcountrieswouldbebetteroff.
(b) thetermsoftradeofclothexportersimprove.
(c) thetermsoftradeoffoodexportersimprove.
(d) thetermsoftradeofallcountriesimprove.
(e) Noneoftheabove
Answer:
B
5. IfPC/PFweretoincrease,
(a) theclothexporterwouldincreasethequantityofclothexports.
(b) theclothexporterwouldincreasethequantityofclothproduced.
(c) thefoodexporterwouldincreasethequantityoffoodexports.
(d) Both(a)and(c).
(e) Noneoftheabove.
Answer:
B
6. IfPC/PFweretoincrease,
(a) worldrelativequantityofclothsuppliedanddemandedwouldincrease.
(b) worldrelativequantityofclothsuppliedanddemandedwoulddecrease.
(c) worldrelativequantityofclothsuppliedwouldincreases.
(d) worldrelativequantityofclothdemandedwoulddecrease.
(e) Noneoftheabove.
Answer:
C
7. Whentheproductionpossibilityfrontiershiftsoutrelativelymoreinonedirection,wehave
(a) biasedgrowth.
(b) unbiasedgrowth.
(c) immiserizinggrowth.
(d) balancedgrowth.
(e) imbalancedgrowth.
Answer:
A
8. Export-biasedgrowthinCountryHwill
(a) improvethetermsoftradeofCountryH.
(b) triggeranti-biasregulationsoftheWTO.
(c) worsenthetermsoftradeofCountryF(thetradepartner).
(d) improvethetermsoftradeofCountryF.
(e) decreaseeconomicwelfareinCountryH.
Answer:
D
9. Immiserizinggrowthis
(a) likelytooccuriftheexportingcountryispoor.
(b) likelytooccuriftheexportingcountryisrich.
(c) likelytooccurwhentermsoftradechange.
(d) likelytooccurifrelativesuppliesareelastic.
(e) Noneoftheabove.
Answer:
E
10. IftheU.S.AgencyforInternationalDevelopmenttransfersfundstopoorcountriesinSub-SaharanAfrica,thismust
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) worsenthetermsoftradeoftheAfricanaidrecipients.
(d) improvethetermsoftradeoftheAfricanaidrecipients.
(e) Noneoftheabove.
Answer:
E
11. IfthepoorUSAIDrecipientcountrieshaveahighermarginalpropensitytoconsumeeachandeveryproductthandoestheUnitedStates,thensuchaidwill
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) leavetheworldtermsoftradeunaffected.
(d) worsenthetermsoftradeofbothdonorandrecipientcountries.
(e) Noneoftheabove.
Answer:
B
12. IftheU.S.hasahighermarginalpropensitytoconsume(MPC)importsascomparedtobothitsMPCforexportablesandnontradables,thensuchaidwill
(a) worsentheU.S.termsoftrade.
(b) improvetheU.S.termsoftrade.
(c) leavetheworldtermsoftradeunaffected.
(d) worsenthetermsoftradeofbothdonorandrecipientcountries.
(e) Noneoftheabove.
Answer:
B
13. IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswilltendto
(a) havenoeffectontermsoftrade.
(b) improvethetermsoftradeofallcountries.
(c) improvethetermsoftradeoftheUnitedStates.
(d) causeadeteriorationofU.S.termsoftrade.
(e) raisetheworldpriceofthegoodimportedbytheUnitedStates.
Answer:
C
14. IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswill
(a) havenoeffectoneconomicwelfare.
(b) improvethetermsoftradeofallcountries.
(c) improvetheeconomicwelfareoftheUnitedStates.
(d) harmtheeconomicwelfareofU.S.’tradingpartners.
(e) Noneoftheabove
Answer:
D
15. Acountrywillbeabletoconsumeabundlewhichisnotattainablesolelyfromdomesticproductiononlyif
(a) theworldtermsoftradedifferfromitsdomesticrelativecosts.
(b) thecountryspecializesinoneproduct.
(c) thecountryavoidsinternationaltrade.
(d) theworldtermsoftradeequalthedomesticrelativecosts.
(e) Noneoftheabove.
Answer:
A
16. Termso