国际经济学作业答案第一章.docx

国际经济学作业答案第一章.docx

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国际经济学作业答案第一章

Chapter1Introduction

⏹ MultipleChoiceQuestions

Historiansofeconomicthoughtoftendescribe___________writtenby_______andpublishedin__________asthefirstrealexpositionofaneconomicmodel.

“OftheBalanceofTrade,”DavidHume,1776

“WealthofNations,”DavidHume,1758

“WealthofNations,”AdamSmith,1758

“WealthofNations,”AdamSmith,1776

“OftheBalanceofTrade,”DavidHume,1758

Answer:

E

From1959to2000,

theU.S.economyroughlytripledinsize.

U.S.importsroughlytripledinsize.

theshareofUSTradeintheeconomyroughlytripledinsize.

U.S.ImportsroughlytripledascomparedtoU.S.exports.

U.S.exportsroughlytripledinsize.

Answer:

C

TheUnitedStatesislessdependentontradethanmostothercountriesbecause

theUnitedStatesisarelativelylargecountry.

theUnitedStatesisa“Superpower.”

themilitarypoweroftheUnitedStatesmakesitlessdependentonanything.

theUnitedStatesinvestsinmanyothercountries.

manycountriesinvestintheUnitedStates.

Answer:

A

Ancienttheoriesofinternationaleconomicsfromthe18thand19thCenturiesare:

notrelevanttocurrentpolicyanalysis.

areonlyofmoderaterelevanceintoday’smoderninternationaleconomy.

arehighlyrelevantintoday’smoderninternationaleconomy.

aretheonlytheoriesthatactuallyrelevanttomoderninternationaleconomy.

arenotwellunderstoodbymodernmathematicallyorientedtheorists.

Answer:

C

Animportantinsightofinternationaltradetheoryisthatwhencountriesexchangegoodsandservicesonewiththeotherit

isalwaysbeneficialtobothcountries.

isusuallybeneficialtobothcountries.

istypicallybeneficialonlytothelowwagetradepartnercountry.

istypicallyharmfultothetechnologicallylaggingcountry.

tendstocreateunemploymentinbothcountries.

Answer:

B

Iftherearelargedisparitiesinwagelevelsbetweencountries,then

tradeislikelytobeharmfultobothcountries.

tradeislikelytobeharmfultothecountrywiththehighwages.

tradeislikelytobeharmfultothecountrywiththelowwages.

tradeislikelytobeharmfultoneithercountry.

tradeislikelytohavenoeffectoneithercountry.

Answer:

D

Benefitsofinternationaltradearelimitedto

tangiblegoods.

intangiblegoods.

allgoodsbutnotservices.

services.

Noneoftheabove.

Answer:

E

Attemptstoexplainthepatternofinternationaltrade

havebeenamajorfocusofinternationaleconomists.

haveproventobehopeless.

haveproventobeatrivialexercise.

havebeenthepreoccupationofeconomicdevelopmenttheorists.

Noneoftheabove.

Answer:

A

Whichofthefollowingdoesnotbelong?

NAFTA

UruguayRound

WorldTradeOrganization

NoneTariffBarriers

Noneoftheabove.

Answer:

D

Cost-benefitanalysisofinternationaltrade

isbasicallyuseless.

isempiricallyintractable.

focusesattentiononconflictsofinterestwithincountries.

focusesattentiononconflictsofinterestsbetweencountries.

Noneoftheabove.

Answer:

C

Animprovementinacountry’sbalanceofpaymentsmeansadecreaseinitsbalanceofpaymentsdeficit,oranincreaseinitssurplus.Infactweknowthatasurplusinabalanceofpayments

isgood.

isusuallygood.

isprobablygood.

maybeconsideredbad.

isalwaysbad.

Answer:

D

Thestudyofexchangeratedeterminationisrelatively

difficult.

newandmathematical.

old.

obtuse.

Noneoftheabove.

Answer:

B

TheGATTwas

aninternationaltreaty.

aninternationalU.N.agency.

aninternationalIMFagency.

aU.S.governmentagency.

acollectionoftariffs.

Answer:

A

Theinternationaldebtcrisisofearly1982wasprecipitatedwhen_____couldnotpayitsinternationaldebts.

Russia

Mexico

Brazil

Malaysia

China

Answer:

B

Internationaleconomicscanbedividedintotwobroadsub-fields:

macroandmicro.

developedandlessdeveloped.

monetaryandbarter.

internationaltradeandinternationalmoney.

staticanddynamic.

Answer:

C

Aprimaryreasonwhynationsconductinternationaltradeisbecauseofdifferencesin

historicalperspective.

location.

resourceavailabilities.

tastes.

incomes.

Answer:

C

Internationaltradeissometimesusedasasubstituteforallofthefollowingexcept

internationalmovementsofcapital.

internationalmovementsoflabor.

domesticproductionofthesamegoodsorservices.

domesticproductionofdifferentgoodsandservices.

Noneoftheabove.

Answer:

D

Internationaltradeforcesdomesticfirmstobecomemorecompetitiveintermsof

theintroductionofnewproducts.

productdesignandquality.

productreliability.

productprice.

Alloftheabove.

Answer:

E

Themovementtofreeinternationaltradeismostlikelytogenerateshort-termunemploymentinwhichindustries?

Industriesproducingnon-tradablegoods

Import-competingindustries

Exportindustries

Importsectors

Noneoftheabove.

Answer:

B