国际经济学作业答案第七章.docx

国际经济学作业答案第七章.docx

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国际经济学作业答案第七章

1Chapter7InternationalFactorMovements

1⏹ MultipleChoiceQuestions

1.Whichofthefollowingdiffersinitsessentialanalyticalframework?

（a）Internationaltradeingoods

（b）Internationalconflictresolution

（c）Internationaltradeinservices

（d）Internationaltradeinfactorsofproduction

（e）Internationalborrowingandlending

Answer:

B

2.Theslopeoftheproductionfunctionmeasures

（a）thephysicalincreaseinoutputascountrygrows.

（b）thedollar-valueincreaseinoutputasacountrygrows.

（c）theincreaseinnumberofworkersasimmigrationproceeds.

（d）themarginalproductoflabor.

（e）themarginalproductofcapital.

Answer:

D

3.Internationalfreelabormobilitywillunderallcircumstances

（a）increasetotalworldoutput.

（b）improvetheeconomicwelfareofeveryone.

（c）improvetheeconomicwelfareofworkerseverywhere.

（d）improvetheeconomicwelfareoflandlords（orcapitalowners）everywhere.

（e）Noneoftheabove.

Answer:

E

4.IftheworldattainedaperfectHeckscher-Ohlinmodelequilibriumwithtrade,then

（a）workersinthelaborabundantcountrywouldmigratetothecapitalabundantcountry.

（b）workersinthelaborabundantcountrywouldwishtomigratetothecapitalabundantcountry.

（c）workersinthelaborabundantcountrywouldhavenodesiretomigratetothecapitalabundantcountry.

（d）workersinthecapitalabundantcountrywouldwishtomigratetothelaborabundantcountry.

（e）workersinthecapitalabundantcountrywouldmigratetothelaborabundantcountry.

Answer:

C

5.Duringthemassmigrationperiodoflate19th-early20thcenturies,

（a）wagesroseintheorigincountriesandfellinthedestinationcountries.

（b）wagesfellintheorigincountriesandroseinthedestinationcountries.

（c）wagesgenerallyrosefasterintheorigincountries.

（d）wagesgenerallyrosefasterinthedestinationcountries.

（e）wagesgenerallyfellfasterintheorigincountries.

Answer:

C

6.Internationalborrowingandlendingmaybeinterpretedasoneformof

（a）intermediatetrade.

（b）inter-temporaltrade.

（c）tradeinservices.

（d）unrequitedinternationaltransfers.

（e）Noneoftheabove.

Answer:

B

7.Therelativepriceoffutureconsumptionis

（a）theinterestrate.

（b）unknownatanygiventime.

（c）therealinterestrate.

（d）therelativeinterestrate.

（e）Noneoftheabove.

Answer:

C

8.Acountrythathasacomparativeadvantageinfutureproductionofconsumptiongoods

（a）willtendtobeaninternationalborrower.

（b）willtendtohavelowrealinterestrates.

（c）willtendtobeaninternationalinvestororlender.

（d）willtendtohavegoodworkethics.

（e）Noneoftheabove.

Answer:

A

9.AU.S.multinationalcorporation

（a）hasacontrollingshareinaforeignsubsidiaryandisnotitselfforeigncontrolled.

（b）isforeigncontrolledandhasnocontrollingshareinaforeigncompany.

（c）hasacontrollingshareinaforeignsubsidiaryandmayitselfbeforeigncontrolledbyaforeigncompany.

（d）isaU.S.companywhosemajormarketsareoutsidetheUnitedStates.

（e）Noneoftheabove.

Answer:

C

10.Whyagoodisproducedintwodifferentcountriesisknownasthequestionof

（a）internalization.

（b）verticalintegration.

（c）exploitation.

（d）location.

（e）Noneoftheabove.

Answer:

D

11.Internalizationdealswiththequestion

（a）whyworkersprefertoworkindoors

（b）internationalization

（c）whycomponentsareproducedbyonefirmratherthanbymany.

（d）Whyagoodisproducedintwodifferentcountries

（e）Noneoftheabove

Answer:

C

12.Thehomelocationofmostoftheworld’slargemultinationalcompaniesis

（a）NorthAmericaandEurope.

（b）NorthAmericaandAsia.

（c）EuropeandSouthAmerica.

（d）EuropeandAsia.

（e）Noneoftheabove.

Answer:

A

13.Whichofthefollowingbestreferstotheoutrightconstructionorpurchaseabroadofproductivefacilitiesbydomesticresidents?

（a）Foreigndirectinvestment

（b）PortfolioInvestment

（c）Short-termcapitalinvestment.

（d）Long-termcapitalinvestment

（e）Noneoftheabove.

Answer:

A

14.MostdirectinvestmentintheUnitedStateshascomefrom

（a）Japan.

（b）Canada.

（c）WesternEurope.

（d）SouthAmerica.

（e）Asia.

Answer:

C

15.MostU.S.directforeigninvestmentoccursin

（a）communications.

（b）agriculture.

（c）petroleum.

（d）manufacturing.

（e）Noneoftheabove.

Answer:

D

16.MostforeigndirectinvestmentintheUnitedStatesoccursin

（a）communications.

（b）agriculture.

（c）petroleum.

（d）manufacturing.

（e）Noneoftheabove.

Answer:

D

17.Multinationalcorporationsmayprovidebenefitstotheirhomecountriesforthefollowingreasonsexceptwhichone?

（a）Securerawmaterialsforthesourcecountry

（b）Allowforexportsofproducts,whichinvolvecompany-specifictradesecrets

（c）Allowdomesticfirmstosecuretimelydeliveriesofcommoditiesorproducts,whichdonotenjoyastableordeepmarketinternationally

（d）Shifthomecountrytechnologyoverseasvialicensing

（e）Noneoftheabove.

Answer:

D

18.Tradeanalysisinvolvingmultinationalcorporationsdiffersfromourconventionaltradeanalysisbecausemultinationalcorporationanalysisinvolves

（a）absolutecostdifferentialsratherthancomparativecostdifferentials.

（b）theinternationalmovementoffactorinputsaswellasthatoffinishedgoods.

（c）purelycompetitivemarketsratherthanimperfectlycompetitivemarkets.

（d）portfolioinvestmentsratherthandirectforeigninvestment.

（e）Noneoftheabove.

Answer:

B

19.Directforeigninvestmentmaytakeanyofthefollowingformsexcept

（a）investorsbuyingbondsofanexistingfirmoverseas.

（b）thecreationofawhollyownedbusinessoverseas.

（c）thetakeoverofanexistingcompanyoverseas.

（d）theconstructionofamanufacturingplantoverseas.

（e）Noneoftheabove.

Answer:

A

20.WhichofthefollowingcouldlogicallyexplainwhyforeigndirectinvestmentmightbeattractedtotheUnitedStates?

（a）U.S.wageratesexceedingtheproductivityofU.S.labor

（b）U.S.priceceilingsthatholddownthepriceofenergy

（c）Especiallyhighprice/earningratiosassociatedwiththestockofU.S.firms

（d）AnticipationsoffuturereductionsinU.S.non-tariffbarriers

（e）Noneoftheabove.

Answer:

B

21.Multinationalcorporations

（a）increasethetransferoftechnologybetweennations.

（b）makeitharderfornationstofosteractivitiesofcomparativeadvantage.

（c）alwaysenjoypoliticalharmonyinhostcountriesinwhichtheirsubsidiariesoperate.

（d）requiregovernmentalsubsidiesinordertoconductworldwideoperations.

（e）Noneoftheabove.

Answer:

A

22.AmericanlaborunionshaverecentlymaintainedthatU.S.multinationalcorporationshavebeen

（a）exportingAmericanjobsbyinvestingoverseas.

（b）exportingAmericanjobsbykeepinginvestmentintheUnitedStates.

（c）importingcheapforeignlaborbyshiftingU.S.investmentoverseas.

（d）importingcheapforeignworkersbykeepingU.S.investmentathome.

（e）Noneoftheabove.

Answer:

A

23.Multinationalcorporations

（a）alwaysproduceprimarygoods.

（b）alwaysproducemanufacturedgoods.

（c）alwaysproduceservices.

（d）mayproduceprimaryormanufacturedgoods.

（e）Noneoftheabove.

Answer:

D

24.___________referstohighlyeducatedandskilledpeoplewhomigratefrompoordevelopingcountriestowealthyindustrialcountries.

（a）Directinvestment

（b）Portfolioinvestment

（c）Transferpricing

（d）Braindrain

（e）Noneoftheabove.

Answer:

D

25.Internationallabormobility

（a）leadstowageconvergencebyraisingwagesindestinationcountryandloweringinsourcecountry.

（b）isinaccordancewiththespecificfactorsmodel

（c）isinaccordancewiththeHeckscher-Ohlinfactorproportionsmodel.

（d）leadstowageconvergencebyraisingwagesinsourceandloweringthemindestinationcountry.

（e）isinaccordancewithscaleeconomymodel.

Answer:

D

26.Intheory,labormobilityis

（a）acompletecomplementtotradeflows.

（b）apartialcomplementtotradeflows.

（c）acompletesubstitutefortradeflows.

（d）apartialsubstitutefortradeflows.

（e）Noneoftheabove.

Answer:

C

27.Inpractice,internationallabormobilityis

（a）acompletecomplementtotradeflows.

（b）apartialcomplementtotradeflows.

（c）acompletesubstitutefortradeflows.

（d）apartialsubstitutefortradeflows.

（e）Noneoftheabove.

Answer:

D

28.IfoneobservesthatJapanwastraditionallyanetforeignlender,onecouldconcludethatrelativetoitsinternationaltradeandfinancialpartners

（a）Japan’sinter-temporalproductionpossibilitiesarebiasedtowardfutureconsumption.

（b）Japan’sinter-temporalproductionpossibilitiesarelargerthanthatoftheothercountries.

（c）Japan’sinter-temporalproductionpossibilitiesarebiasedtowardpresentconsumption.

（d）Japan’sinter-temporalproductionpossibilitiesarenotbiased.

（e）Noneoftheabove.

Answer:

C

29.Rapidlygrowingdevelopingcountriestendtobeborrowersontheinternationalcapitalmarkets.Fromthisinformationwemaysurmisethattheyhaveacomparativeadvantagein

（a）capitalgoods.

（b）futureincome.

（c）disposableincome.

（d）consumergoods.

（e）presentincome.

Answer:

B

30.Itmaybearguedthattheoretically,internationalcapitalmovements

（a）tendtohurtthedonorcountries.

（b）tendtohurttherecipientcountries.

（c）tendtohurtlaborindonorcountries.

（d）tendtohurtlaborinrecipientcountries.

（e）Noneoftheabove.

Answer:

C

31.Transactionsbetweenbranchesofthesamemultinationalcorporationsaccountfor________ofU.S.imports.

（a）onequarter

（b）onethird

（c）onehalf

（d）threequarters

（e）all

Answer:

C

32.Theshiftoflabor-intensiveassemblyoperationsfromtheUnitedStatestoMexicanma