经济学原理对应练习09Word文档下载推荐.docx

经济学原理对应练习09Word文档下载推荐.docx

《经济学原理对应练习09Word文档下载推荐.docx》由会员分享，可在线阅读，更多相关《经济学原理对应练习09Word文档下载推荐.docx（83页珍藏版）》请在冰豆网上搜索。

9-0

TOP:

InternationaltradeMSC:

Interpretive

2.WithwhichoftheTenPrinciplesofEconomicsisthestudyofinternationaltrademostcloselyconnected?

a.Peoplefacetradeoffs.

b.Tradecanmakeeveryonebetteroff.

c.Governmentscansometimesimprovemarketoutcomes.

d.Pricesrisewhenthegovernmentprintstoomuchmoney.

BPTS:

3.Alogicalstartingpointfromwhichthestudyofinternationaltradebeginsis

a.therecognitionthatnotallmarketsarecompetitive.

b.therecognitionthatgovernmentinterventioninmarketssometimesenhancestheeconomicwelfareofthesociety.

c.theprincipleofabsoluteadvantage.

d.theprincipleofcomparativeadvantage.

DPTS:

Internationaltrade|ComparativeadvantageMSC:

4.Ataxonanimportedgoodiscalleda

a.quota.

b.tariff.

c.supplytax.

d.tradetax.

9-1

TariffsMSC:

Definitional

5.Thepriceofagoodthatprevailsinaworldmarketiscalledthe

a.absoluteprice.

b.relativeprice.

c.comparativeprice.

d.worldprice.

Price|WorldtradeMSC:

6.Thepriceofcottonthatprevailsininternationalmarketsiscalledthe

a.exportpriceofcotton.

b.importpriceofcotton.

c.comparative-advantagepriceofcotton.

d.worldpriceofcotton.

Internationaltrade|PricesMSC:

7.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeishigherthantheworldprice,

a.thecountrywillbeanexporterofthegood.

b.thecountrywillbeanimporterofthegood.

c.thecountrywillbeneitheranexporternoranimporterofthegood.

d.Additionalinformationisneededaboutdemandtodeterminewhetherthecountrywillbeanexporterofthegood,animporterofthegood,orneither.

2REF:

Prices|ImportsMSC:

8.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeislowerthantheworldprice,

Prices|ExportsMSC:

9.Foranycountry,iftheworldpriceofcomputersishigherthanthedomesticpriceofcomputerswithouttrade,thatcountryshould

a.exportcomputers,sincethatcountryhasacomparativeadvantageincomputers.

b.importcomputers,sincethatcountryhasacomparativeadvantageincomputers.

c.neitherexportnorimportcomputers,sincethatcountrycannotgainfromtrade.

d.neitherexportnorimportcomputers,sincethatcountryalreadyproducescomputersatalowcostcomparedtoothercountries.

Exports|ComparativeadvantageMSC:

Applicative

10.IftheworldpriceoftextilesishigherthanVietnam’sdomesticpriceoftextileswithouttrade,thenVietnam

a.shouldimporttextiles.

b.hasacomparativeadvantageintextiles.

c.shouldproducejustenoughtextilestomeetitsdomesticdemand.

d.shouldrefrainaltogetherfromproducingtextiles.

Price|ComparativeadvantageMSC:

11.Assume,forCanada,thatthedomesticpriceofsteelwithoutinternationaltradeishigherthantheworldpriceofsteel.Thissuggeststhat,intheproductionofsteel,

a.CanadahasacomparativeadvantageoverothercountriesandCanadawillimportsteel.

b.CanadahasacomparativeadvantageoverothercountriesandCanadawillexportsteel.

c.othercountrieshaveacomparativeadvantageoverCanadaandCanadawillimportsteel.

d.othercountrieshaveacomparativeadvantageoverCanadaandCanadawillexportsteel.

CPTS:

Comparativeadvantage|PricesMSC:

12.Assume,fortheU.S.,thatthedomesticpriceofbeefwithoutinternationaltradeislowerthantheworldpriceofbeef.Thissuggeststhat,intheproductionofbeef,

a.theU.S.hasacomparativeadvantageoverothercountriesandtheU.S.willexportbeef.

b.theU.S.hasacomparativeadvantageoverothercountriesandtheU.S.willimportbeef.

c.othercountrieshaveacomparativeadvantageovertheU.S.andtheU.S.willexportbeef.

d.othercountrieshaveacomparativeadvantageovertheU.S.andtheU.S.willimportbeef.

13.SupposetheUnitedStatesexportscarstoFranceandimportscheesefromSwitzerland.Thissituationsuggeststhat

a.theUnitedStateshasacomparativeadvantagerelativetoSwitzerlandinproducingcheese,andFrancehasacomparativeadvantagerelativetotheUnitedStatesinproducingcars.

b.theUnitedStateshasacomparativeadvantagerelativetoFranceinproducingcars,andSwitzerlandhasacomparativeadvantagerelativetotheUnitedStatesinproducingcheese.

c.theUnitedStateshasanabsoluteadvantagerelativetoSwitzerlandinproducingcheese,andFrancehasanabsoluteadvantagerelativetotheUnitedStatesinproducingcars.

d.theUnitedStateshasanabsoluteadvantagerelativetoFranceinproducingcars,andSwitzerlandhasanabsoluteadvantagerelativetotheUnitedStatesinproducingcheese.

ComparativeadvantageMSC:

14.Tradeamongnationsisultimatelybasedon

a.absoluteadvantage.

b.strategicadvantage.

c.comparativeadvantage.

d.technicaladvantage.

Trade|ComparativeadvantageMSC:

15.Acountryhasacomparativeadvantageinaproductiftheworldpriceis

a.lowerthanthatcountry’sdomesticpricewithouttrade.

b.higherthanthatcountry’sdomesticpricewithouttrade.

c.equaltothatcountry’sdomesticpricewithouttrade.

d.notsubjecttomanipulationbyorganizationsthatgoverninternationaltrade.

16.SupposeHaitihasacomparativeadvantageoverothercountriesinproducingsugar,butothercountrieshaveanabsoluteadvantageoverHaitiinproducingsugar.Iftradeinsugarisallowed,Haiti

a.willimportsugar.

b.willexportsugar.

c.willeitherexportsugarorexportsugar,butitisnotclearfromthegiveninformation.

d.wouldhavenothingtogaineitherfromexportingorimportingsugar.

Comparativeadvantage|AbsoluteadvantageMSC:

17.When,inouranalysisofthegainsandlossesofinternationaltrade,weassumethatacountryissmall,weareineffectassumingthatthecountry

a.cannotexperiencesignificantgainsorlossesbytradingwithothercountries.

b.cannothaveasignificantcomparativeadvantageoverothercountries.

c.cannotaffectworldpricesbytradingwithothercountries.

d.Alloftheabovearecorrect.

9-2

Prices|InternationaltradeMSC:

18.When,inouranalysisofthegainsandlossesfrominternationaltrade,weassumethataparticularcountryissmall,weare

a.assumingthedomesticpricebeforetradewillcontinuetoprevailoncethatcountryisopeneduptotradewithothercountries.

b.assumingthereisnodemandforthatcountry’sdomestically-producedgoodsbyothercountries.

c.assuminginternationaltradecanbenefitproducers,butnotconsumers,inthatcountry.

d.makinganassumptionthatisnotnecessarytoanalyzethegainsandlossesfrominternationaltrade.

Assumptions|InternationaltradeMSC:

19.Inanalyzingthegainsandlossesfrominternationaltrade,tosaythatMoldovaisasmallcountryistosaythat

a.Moldovacanonlyimportgoods;

itcannotexportgoods.

b.Moldova’schoiceofwhichgoodstoexportandwhichgoodstoimportisnotbasedontheprincipleofcomparativeadvantage.

c.onlythedomesticpriceofagoodisrelevantforMoldova;

theworldpriceofagoodisirrelevant.

d.Moldovaisapricetaker.

20.Whenacountryallowstradeandbecomesanexporterofagood,

a.domesticproducersgainanddomesticconsumerslose.

b.domesticproducersloseanddomesticconsumersgain.

c.domesticproducersanddomesticconsumersbothgain.

d.domesticproducersanddomesticconsumersbothlose.

Exports|GainsfromtradeMSC:

21.Whenacountryallowstradeandbecomesanimporterofagood,

a.bothdomesticproducersanddomesticconsumersbecomebetteroff.

b.domesticproducersbecomebetteroff,anddomesticconsumersbecomeworseoff.

c.domesticproducersbecomeworseoff,anddomesticconsumersbecomebetteroff.

d.bothdomesticproducersanddomesticconsumersbecomeworseoff.

Imports|GainsfromtradeMSC:

22.Whenacount