第八章选择题1.docx

第八章选择题1.docx

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第八章选择题1

Chapter8:

InternationalFactorMovements

MultipleChoiceQuestions

1.Whichofthefollowingdiffersinitsessentialanalyticalframework?

A.Internationaltradeingoods

B.Internationalconflictresolution

C.Internationaltradeinservices

D.Internationaltradeinfactorsofproduction

E.Internationalborrowingandlending

2.Theslopeoftheproductionfunctionmeasures

A.thephysicalincreaseinoutputascountrygrows.

B.thedollar-valueincreaseinoutputasacountrygrows.

C.theincreaseinnumberofworkersasimmigrationproceeds.

D.themarginalproductoflabor.

E.themarginalproductofcapital.

3.Internationalfreelabormobilitywillunderallcircumstances

A.increasetotalworldoutput.

B.improvetheeconomicwelfareofeveryone.

C.improvetheeconomicwelfareofworkerseverywhere.

D.improvetheeconomicwelfareoflandlords（orcapitalowners）everywhere.

E.Noneoftheabove.

4.IftheworldattainedaperfectHeckscher-Ohlinmodelequilibriumwithtrade,then

A.workersinthelaborabundantcountrywouldmigratetothecapitalabundantcountry.

B.workersinthelaborabundantcountrywouldwishtomigratetothecapitalabundantcountry.

C.workersinthelaborabundantcountrywouldhavenodesiretomigratetothecapitalabundantcountry.

D.workersinthecapitalabundantcountrywouldwishtomigratetothelaborabundantcountry.

E.workersinthecapitalabundantcountrywouldmigratetothelaborabundantcountry.

5.Duringthemassmigrationperiodoflate19th-early20thcenturies,

A.wagesroseintheorigincountriesandfellinthedestinationcountries.

B.wagesfellintheorigincountriesandroseinthedestinationcountries.

C.wagesgenerallyrosefasterintheorigincountries.

D.wagesgenerallyrosefasterinthedestinationcountries.

E.wagesgenerallyfellfasterintheorigincountries.

6.Internationalborrowingandlendingmaybeinterpretedasoneformof

A.intermediatetrade.

B.inter-temporaltrade.

C.tradeinservices.

D.unrequitedinternationaltransfers.

E.Noneoftheabove.

7.Therelativepriceoffutureconsumptionis

A.theinterestrate.

B.unknownatanygiventime.

C.therealinterestrate.

D.therelativeinterestrate.

E.Noneoftheabove.

8.Acountrythathasacomparativeadvantageinfutureproductionofconsumptiongoods

A.willtendtobeaninternationalborrower.

B.willtendtohavelowrealinterestrates.

C.willtendtobeaninternationalinvestororlender.

D.willtendtohavegoodworkethics.

E.Noneoftheabove.

9.AU.S.multinationalcorporation

A.hasacontrollingshareinaforeignsubsidiaryandisnotitselfforeigncontrolled.

B.isforeigncontrolledandhasnocontrollingshareinaforeigncompany.

C.hasacontrollingshareinaforeignsubsidiaryandmayitselfbeforeigncontrolledbyaforeigncompany.

D.isaU.S.companywhosemajormarketsareoutsidetheUnitedStates.

E.Noneoftheabove.

10.Whyagoodisproducedintwodifferentcountriesisknownasthequestionof

A.internalization.

B.verticalintegration.

C.exploitation.

D.location.

E.Noneoftheabove.

11.Thehomelocationofmostoftheworld'slargemultinationalcompaniesis

A.NorthAmericaandEurope.

B.NorthAmericaandAsia.

C.EuropeandSouthAmerica.

D.EuropeandAsia.

E.Noneoftheabove.

12.Whichofthefollowingbestreferstotheoutrightconstructionorpurchaseabroadofproductivefacilitiesbydomesticresidents?

A.Foreigndirectinvestment

B.PortfolioInvestment

C.Short-termcapitalinvestment.

D.Long-termcapitalinvestment

E.Noneoftheabove.

13.MostdirectinvestmentintheUnitedStateshascomefrom

A.Japan.

B.Canada.

C.WesternEurope.

D.SouthAmerica.

E.Asia.

14.MostU.S.directforeigninvestmentoccursin

A.communications.

B.agriculture.

C.petroleum.

D.manufacturing.

E.Noneoftheabove.

15.MostforeigndirectinvestmentintheUnitedStatesoccursin

A.communications.

B.agriculture.

C.petroleum.

D.manufacturing.

E.Noneoftheabove.

16.Multinationalcorporationsmayprovidebenefitstotheirhomecountriesforthefollowingreasonsexceptwhichone?

A.Securerawmaterialsforthesourcecountry

B.Allowforexportsofproducts,whichinvolvecompany-specifictradesecrets

C.Allowdomesticfirmstosecuretimelydeliveriesofcommoditiesorproducts,whichdonotenjoyastableordeepmarketinternationally

D.Shifthomecountrytechnologyoverseasvialicensing

E.Noneoftheabove.

17.Tradeanalysisinvolvingmultinationalcorporationsdiffersfromourconventionaltradeanalysisbevausemultinationalcorporationanalysisinvolves

A.absolutecostdifferentialsratherthancomparativecostdifferentials.

B.theinternationalmovementoffactorinputsaswellasthatoffinishedgoods.

C.purelycompetitivemarketsratherthanimperfectlycompetitivemarkets.

D.portfolioinvestmentsratherthandirectforeigninvestment.

E.Noneoftheabove.

18.Directforeigninvestmentmaytakeanyofthefollowingformsexcept

A.investorsbuyingbondsofanexistingfirmoverseas.

B.thecreationofawhollyownedbusinessoverseas.

C.thetakeoverofanexistingcompanyoverseas.

D.theconstructionofamanufacturingplantoverseas.

E.Noneoftheabove.

19.WhichofthefollowingcouldlogicallyexplainwhyforeigndirectinvestmentmightbeattractedtotheUnitedStates?

A.U.S.wageratesexceedingtheproductivityofU.S.labor

B.U.S.priceceilingsthatholddownthepriceofenergy

C.Especiallyhighprice/earningratiosassociatedwiththestockofU.S.firms

D.AnticipationsoffuturereductionsinU.S.non-tariffbarriers

E.Noneoftheabove.

20.ThemarketpowerofaninternationalcompanyoperatingwhollyownedsubsidiariesintheUnitedStatesmayleadtowelfarelossesfortheUnitedStatesunlessoffsetbycostreductionsorpositiveexternalities.WhichtypeofcostreductionwouldnotleadtooffsettingwelfaregainsforthewholeU.S.economy?

A.R&Dgeneratingimprovedtechnolog.

B.Introductionordevelopmentofmoreproductivemachinery

C.Newworkrulespromotingworkerefficiency

D.Lowerwagesextractedfromworkers

E.Noneoftheabove.

21.Multinationalcorporations

A.increasethetransferoftechnologybetweennations.

B.makeitharderfornationstofosteractivitiesofcomparativeadvantage.

C.alwaysenjoypoliticalharmonyinhostcountriesinwhichtheirsubsidiariesoperate.

D.requiregovernmentalsubsidiesinordertoconductworldwideoperations.

E.Noneoftheabove.

22.AmericanlaborunionshaverecentlymaintainedthatU.S.multinationalcorporationshavebeen

A.exportingAmericanjobsbyinvestingoverseas.

B.exportingAmericanjobsbykeepinginvestmentintheUnitedStates.

C.importingcheapforeignlaborbyshiftingU.S.investmentoverseas.

D.importingcheapforeignworkersbykeepingU.S.investmentathome.

E.Noneoftheabove.

23.Multinationalcorporations

A.alwaysproduceprimarygoods.

B.alwaysproducemanufacturedgoods.

C.alwaysproduceservices.

D.mayproduceprimaryormanufacturedgoods.

E.Noneoftheabove.

24.___________referstohighlyeducatedandskilledpeoplewhomigratefrompoordevelopingcountriestowealthyindustrialcountries.

A.Directinvestment

B.Portfolioinvestment

C.Transferpricing

D.Braindrain

E.Noneoftheabove.

25.Internationallabormobility

A.leadstowageconvergencebyraisingwagesindestinationcountryandloweringinsourcecountry.

B.isinaccordancewiththespecificfactorsmodel

C.isinaccordancewiththeHeckscher-Ohlinfactorproportionsmodel.

D.leadstowageconvergencebyraisingwagesinsourceandloweringthemindestinationcountry.

E.isinaccordancewithscaleeconomymodel.

26.Inpractice,internationallabormobilityis

A.acompletecomplementtotradeflows.

B.apartialcomplementtotradeflows.

C.acompletesubstitutefortradeflows.

D.apartialsubstitutefortradeflows.

E.Noneoftheabove.

27.IfoneobservesthatJapanwastraditionallyanetforeignlender,onecouldconcludethatrelativetoitsinternationaltradeandfinancialpartners

A.Japan'sinter-temporalproductionpossibilitiesarebiasedtowardfutureconsumption.

B.Japan'sinter-temporalproductionpossibilitiesarelargerthanthatoftheothercountries.

C.Japan'sinter-temporalproductionpossibilitiesarebiasedtowardpresentconsumption.

D.Japan'sinter-temporalproductionpossibilitiesarenotbiased.

E.Noneoftheabove.

28.Rapidlygrowingdevelopingcountriestendtobeborrowersontheinternationalcapitalmarkets.Fromthisinformationwemaysurmisethattheyhaveacomparativeadvantagein

A.capitalgoods.

B.futureincome.

C.disposableincome.

D.consumergoods.

E.presentincome.

29.Itmaybearguedthattheoretically,internationalcapitalmovements

A.tendtohurtthedonorcountries.

B.tendtohurttherecipientcountries.

C.tendtohurtlaborindonorcountries.

D.tendtohurtlaborinrecipientcountries.

E.Noneoftheabove.

30.Transactionsbetweenbranchesofthesamemultinationalcorporationsaccountfor________ofU.S.imports.

A.onequarter

B.onethird

C.onehalf

D.threequarters

E.all

31.Theshiftoflabor-intensiveassemblyoperationsfromtheUnitedStatestoMexicanmaqiladoramaybebestexplainedintermsofatheoryof

A.location.

B.verticalintegration.

C.horizontalintegration

D.internalization.

E.Noneoftheabove.

32.WhencomparingtheUnitedStatestotheUnitedKingdom,between1985and1990,therelativegrowthofforeign-ownedfirmsinmanufacturing

A.grewfasterintheU.K.,whoseproportionofforeign-ownedfirmsislarger.

B.grewfasterintheU.S.,whoseproportionoff