宏观经济学课件 OBlanchard Macroeconomics 6th chapter 18.docx

宏观经济学课件 OBlanchard Macroeconomics 6th chapter 18.docx

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宏观经济学课件OBlanchardMacroeconomics6thchapter18

Macroeconomics,6e（Blanchard/Johnson）

Chapter18:

OpennessinGoodsandFinancialMarkets

18.1MultipleChoiceQuestions

1）Atariffis

A）aforeignbond.

B）anorderforforeigngoodsthathavenotyetbeendelivered.

C）abarterarrangementbetweenimportersandexporters.

D）ataxonimportedgoods.

E）arestrictiononthequantityofimportedgoodsallowedintothecountry.

Answer:

D

Diff:

1

2）IntheU.S.,overthepastfortyyears,

A）exportsasapercentageofGDPhaveincreased,whileimportshasapercentageofGDPhavedecreased.

B）exportsasapercentageofGDPhavedecreased,whileimportshasapercentageofGDPhaveincreased.

C）bothexportsandimportsasapercentageofGDPhavedecreased.

D）bothexportsandimportsasapercentageofGDPhaveincreased.

E）bothexportsandimportsasapercentageofGDPhaveremainedconstant.

Answer:

D

Diff:

1

3）In2010,whichofthefollowingcountrieshadthehighestratioofexportstoGDP?

A）Germany

B）Belgium

C）Japan

D）UnitedStates

E）Austria

Answer:

B

Diff:

1

4）Theratioofacountry'sexportstoitsGDPmust

A）begreaterthanone.

B）belessthanone.

C）equaltheratioofimportstoGDP.

D）belargerthantheratioofimportstoGDP.

E）noneoftheabove

Answer:

E

Diff:

1

5）Whichofthefollowingbestdefinestherealexchangerate?

A）thepriceofforeignbondsintermsofdomesticbonds

B）thepriceofforeigncurrencyintermsofdomesticcurrency

C）thepriceofdomesticgoodsintermsofforeigngoods

D）thepriceofdomesticcurrencyintermsofforeigncurrency

E）noneoftheabove

Answer:

C

Diff:

1

6）Whichofthefollowing,allelsefixed,willcausetherealexchangeratetoincrease?

A）anominaldepreciation

B）areductionintheforeignpricelevel

C）areductioninthedomesticpricelevel

D）alloftheabove

E）noneoftheabove

Answer:

B

Diff:

2

7）FromtheperspectiveoftheUnitedStates,anincreaseinthenominalexchangeratewillcausewhichofthefollowing?

A）thedollarbecomeslessexpensivetoforeigners

B）foreigngoodsaremoreexpensivetoAmericans

C）foreigncurrencyismoreexpensivetoAmericans

D）Americangoodsaremoreexpensivetoforeigners

E）noneoftheabove

Answer:

D

Diff:

1

8）Whenthedollarappreciatesrelativetothepound,thepoundpriceofthedollar

A）increases.

B）decreases.

C）doesnotchange.

D）increasesordecreases,dependingontheamountofthedepreciation.

E）changesinthenextperiod.

Answer:

A

Diff:

1

9）Supposethereisarealdepreciationofthedollar.Whichofthefollowingmayhaveoccurred?

A）foreigncurrencyhasbecomemoreexpensiveindollars.

B）foreigngoodshavebecomemoreexpensivetoAmericans.

C）theforeignpricelevelhasincreasedrelativetotheU.S.pricelevel.

D）alloftheabove

E）noneoftheabove

Answer:

D

Diff:

1

10）Supposethatoverthepastdecade,U.S.inflationislessthanthatinMexico.Furtherassumethatduringthissameperiod,thedollardepreciatesrelativetotheMexicanpeso.Giventhisinformation,

A）therealexchangerateremainsunchanged.

B）therealexchangeratemustdecrease.

C）therealexchangeratemustincrease.

D）therealexchangeratecanincreaseorremainthesame,butnotdecrease.

E）therealexchangeratecandecreaseorremainthesame,butnotincrease.

Answer:

B

Diff:

2

11）America'slargesttradingpartneris

A）Canada.

B）Japan.

C）Mexico.

D）EuropeanUnion.

E）noneoftheabove

Answer:

D

Diff:

1

12）Anothernamefor"currentaccounttransactions"is

A）"capitalaccounttransactions."

B）"investmentincome."

C）"nettransfersreceived."

D）"checkingaccounttransactions"

E）"transactionsabovetheline."

Answer:

E

Diff:

1

13）BecausetheU.S.traditionallygivesmoreforeignaidthanitreceives,theU.S.traditionallyhasanegativevaluefor

A）thecapitalaccountbalance.

B）thetradebalance.

C）investmentincome.

D）nettransfersreceived.

E）alloftheabove

Answer:

D

Diff:

1

14）WhentheU.S.hasacurrentaccountsurplus,weknowthatitisalso

A）runningabalancedtradeaccount.

B）lendingtotherestoftheworld.

C）borrowingfromtherestoftheworld.

D）sufferingfromnegativeinvestmentincome.

E）noneoftheabove

Answer:

B

Diff:

1

15）Thedifferencebetweennetcapitalflowsandthecurrentaccountdeficitiscalledthe

A）capitalaccountsurplus.

B）capitalaccountdeficit.

C）internationalerror.

D）missingnumber.

E）statisticaldiscrepancy.

Answer:

E

Diff:

1

16）InacountrylikeSaudiArabia,whichearnssubstantialincomefromholdingthestocksandbondsofothercountries,wewouldexpect

A）GNPtobelargerthanGDP.

B）acurrentaccountdeficit.

C）acurrentaccountsurpluslargerthanGNP.

D）acurrentaccountsurpluslargerthanGDP.

E）GDPtobelargerthanGNP.

Answer:

A

Diff:

1

17）Ifthee