国际经济学题目2Word下载.docx

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国际经济学题目2Word下载.docx

b.Comparativeadvantagetheory

c.Theoryoftheproductcycle

d.Overlappingdemandtheory

4.TheLeontiefparadoxquestionedthevalidityofthetheoryof:

a.Comparativeadvantage

b.Factorendowments

c.Overlappingdemands

d.Absoluteadvantage

5.Whichofthefollowingwouldleastlikelyapplytotheproductlifecycletheory?

a.Calculatorsandcomputers

b.Coalandcrudeoil

c.Homemoviecameras

d.Officemachinery

6.Classicaltradetheoryemphasizedwhichofthefollowingasanunderlyingexplanationofthebasisfortrade?

a.Productivitiesoflaborinputs

b.Tastesandpreferencesamongnations

c.Changesintechnologiesovertime

d.Quantitiesofeconomicresources

7.Concerningtheinfluencethattransportationcostshaveonthelocationofindustry,whichofthefollowingindustrieshasgenerallyattemptedtolocateproductionfacilitiesclosetoresourcesupplies?

a.Autos

b.Steel

c.Softdrinks

d.Valuableelectronicsgoods

8.AssumethatCountryA,intheabsenceoftrade,findsitselfrelativelyabundantinlaborandrelativelyscarceinland.Thefactorendowmenttheoryreasonsthatwithfreetrade,theinternaldistributionofnationalincomeinCountryAwillchangeinfavorof:

a.Labor

b.Land

c.Bothlaborandland

d.Neitherlabornorland

9.Whenconsideringtheeffectsoftransportationcosts,theconclusionsofourtrademodelmustbemodified.Thisisbecausetransportationcostsresultin:

a.Lowertradevolume,higherimportprices,smallergainsfromtrade

b.Lowertradevolume,lowerimportprices,smallergainsfromtrade

c.Highertradevolume,higherimportprices,smallergainsfromtrade

d.Highertradevolume,lowerimportprices,greatergainsfromtrade

10.MosteconomistsmaintainthatthemajorfactorunderlyingwagestagnationintheUnitedStatesinthe1990shasbeen:

a.Importcompetition

b.Technologicalchange

c.Risingrealvalueoftheminimumwage

d.Increasingunionmembership

11.AssumethecostoftransportingautosfromJapantoCanadaexceedsthepretradepricedifferenceforautosbetweenJapanandCanada.Tradeinautosis:

a.Impossible

b.Possible

c.Highlyprofitable

d.Moderatelyprofitable

12.EliHeckscherandBertilOhlinareassociatedwiththetheoryofcomparativeadvantagethatstressesdifferencesin:

a.Incomelevelsamongcountries

b.Tastesandpreferencesamongcountries

c.Resourceendowmentsamongcountries

d.Laborproductivitiesamongcountries

13.HongKongisrelativelyabundantinlabor,whileCanadaisrelativelyabundantincapital.Inbothcountriestheproductionofshirtsisrelativelymorelaborintensivethantheproductionofcomputers.Accordingtothefactorendowmenttheory,HongKongwillhavea(n):

a.Absoluteadvantageintheproductionofshirtsandcomputers

b.Absoluteadvantageintheproductionofcomputers

c.Comparativeadvantageintheproductionofshirts

d.Comparativeadvantageintheproductionofcomputers

14.IfJapaneseworkersreceivelowerwagesintheproductionofautosthandoAmericanworkers:

a.Japanwillhaveacomparativeadvantageintheproductionofautos

b.Japanwillhaveanabsoluteadvantageintheproductionofautos

c.ProductioncostswillbelowerinJapanthanintheU.S.

d.ProductioncostscouldbelowerintheU.S.ifAmericanlaborproductivityishigherthantheJapanese

15.Whichtradetheorysuggeststhatanewlyproducedgood,onceexported,couldultimatelyendupbeingimportedasthetechnologyistransferredtolower-costnations?

a.Factorendowmenttheory

b.Productlifecycletheory

c.Overlappingdemandtheory

d.Comparativeadvantagetheory

16.Afirmissaidtoenjoyeconomiesofscaleovertherangeofoutputforwhichthelong-runaveragecostis:

a.Increasing

b.Constant

c.Decreasing

d.Noneoftheabove

17.Aproductwillbeinternationallytradedaslongasthepretradepricedifferentialbetweenthetradingpartnersis:

a.Greaterthanthecostoftransportingitbetweenthem

b.Equaltothecostoftransportingitbetweenthem

c.Lessthanthecostoftransportingitbetweenthem

18.Whichofthefollowingsuggeststhatbywideningthemarket’ssize,internationaltradecanpermitlongerproductionrunsformanufacturers,whichleadstoincreasingefficiency?

a.Economiesofscale

b.Diseconomiesofscale

c.Comparativecosttheory

d.Absolutecosttheory

19.TheLeontiefparadox:

a.Wasappliedtotheproductlifecycletheory

b.SuggestedthattheU.S.exportslabor-intensivegoods

c.Foundthatnationalincomedifferencesunderlieworldtradepatterns

d.Impliedthatdiseconomiesofscaleoccuratlowoutputlevels

20.Whichofthefollowingbestappliestothetheoryofoverlappingdemands?

a.Manufacturedgoods

b.Services

c.Primaryproducts

21.TheHeckscher-Ohlintheoryexplainscomparativeadvantageastheresultofdifferencesincountries’:

a.Economiesoflarge-scaleproduction

b.Relativeabundanceofvariousresources

c.Relativecostsoflabor

d.Researchanddevelopment

22.Boeingaircraftcompanywasabletocoveritsproductioncostsofthefirst“jumbojet”inthe1970sbecauseBoeingcouldmarketittoseveralforeignairlinesinadditiontodomesticairlines.Thisillustrates:

a.Howeconomiesofscalemakepossiblealargervarietyofproductsininternationaltrade

b.Atransferofwealthfromdomesticconsumerstodomesticproducersastheresultoftrade

c.Howanaturalmonopolyisforcedtobehavemorecompetitivelywithinternationaltrade

d.Howanaturalmonopolyisforcedtobehavelesscompetitivelywithinternationaltrade

23.Whichtradetheorycontendsthatacountrythatinitiallydevelopsandexportsanewproductmayeventuallybecomeanimporterofitandmaynolongermanufacturetheproduct?

b.Theoryofoverlappingdemands

c.Economiesofscaletheory

d.Productlifecycletheory

24.Thetheoryofoverlappingdemandspredictsthattradeinmanufacturedgoodsisunimportantforcountrieswithverydifferent:

a.Tastesandpreferences

b.Expectationsoffutureinterestratelevels

c.Per-capitaincomelevels

d.Laborproductivities

25.ThetrademodeloftheSwedisheconomistsHeckscherandOhlinmaintainsthat:

a.Absoluteadvantagedeterminesthedistributionofthegainsfromtrade

b.Comparativeadvantagedeterminesthedistributionofthegainsfromtrade

c.Thedivisionoflaborislimitedbythesizeoftheworldmarket

d.Acountryexportsgoodsforwhichitsresourceendowmentsaremostsuited

26.Accordingtothefactorendowmentmodel,countriesheavilyendowedwithlandwill:

a.Devoteexcessiveamountsofresourcestoagriculturalproduction

b.Devoteinsufficientamountsofresourcestoagriculturalproduction

c.Exportproductsthatareland-intensive

d.Importproductsthatareland-intensive

27.FortheUnitedStates,empiricalstudiesindicatethatoverthepasttwodecadesthecostofinternationaltransportationrelativetothevalueofU.S.importshas:

a.Increased

b.Decreased

c.Notchanged

28.Shouldinternationaltransportationcostsdecrease,theeffectoninternationaltradewouldincludea(n):

a.Increaseinthevolumeoftrade

b.Smallergainfromtrade

c.Declineintheincomeofhomeproducers

d.Decreaseinthelevelofspecializationinproduction.

29.Thatthedivisionoflaborislimitedbythesizeofthemarketbestappliestowhichexplanationoftrade?

30.Alargervarietyofproductsresultsfrominternationaltradeespeciallyif:

a.Internationaltradeaffordsproducersmonopolypower

b.Nationalgovernmentslevyimporttariffsandquotas

c.Producinggoodsentailsincreasingcosts

d.Economiesofscaleexistforproducers

31.Witheconomiesofscaleanddecreasingunitcosts,acountryhastheincentiveto:

a.Specializecompletelyintheproductofitscomparativeadvantage

b.Specializepartiallyintheproductofitscomparativeadvantage

c.Specializecompletelyintheproductofitscomparativedisadvantage

d.Specializepartiallyintheproductofitscomparativedisadvantage

32.Proponentsof________maintainthatgovernmentshouldenactpoliciesthatencouragethedevelopmentofemerging,“sunrise”industries.

a.Productlifecyclepolicy

b.Staticcomparativeadvantagepolicy

c.Intraindustrytradepolicy

d.Industrialpolicy

33.Legislationrequiringdomesticmanufacturerstoinstallpollutionabatementequipmenttendstopromote:

a.Higherproductioncostsandanincreaseinoutput

b.Higherproductioncostsandadecreaseinoutput

c.Lowerproductioncostsandanincreaseinoutput

d.Lowerproductioncostsandadecreaseinoutput

34.Stringentgovernmentalregulations(e.g.,

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