国际经济学作业答案第五章.docx
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国际经济学作业答案第五章
1Chapter5TheStandardTradeModel
1⏹ MultipleChoiceQuestions
1.Theconcept“termsoftrade”means
(a)theamountofexportssoldbyacountry.
(b)thepriceconditionsbargainedforininternationalmarkets.
(c)thepriceofacountry’sexportsdividedbythepriceofitsimports.
(d)thequantitiesofimportsreceivedinfreetrade.
(e)Noneoftheabove.
Answer:
C
2.Acountrycannotproduceamixofproductswithahighervaluethanwhere
(a)theisovaluelineintersectstheproductionpossibilityfrontier.
(b)theisovaluelineistangenttotheproductionpossibilityfrontier.
(c)theisovaluelineisabovetheproductionpossibilityfrontier.
(d)theisovaluelineisbelowtheproductionpossibilityfrontier.
(e)theisovaluelineistangentwiththeindifferencecurve.
Answer:
B
3.Tastesofindividualsarerepresentedby
(a)theproductionpossibilityfrontier.
(b)theisovalueline.
(c)theindifferencecurve.
(d)theproductionfunction.
(e)Noneoftheabove.
Answer:
C
4.IfPC/PFweretoincreaseintheinternationalmarketplace,then
(a)allcountrieswouldbebetteroff.
(b)thetermsoftradeofclothexportersimprove.
(c)thetermsoftradeoffoodexportersimprove.
(d)thetermsoftradeofallcountriesimprove.
(e)Noneoftheabove
Answer:
B
5.IfPC/PFweretoincrease,
(a)theclothexporterwouldincreasethequantityofclothexports.
(b)theclothexporterwouldincreasethequantityofclothproduced.
(c)thefoodexporterwouldincreasethequantityoffoodexports.
(d)Both(a)and(c).
(e)Noneoftheabove.
Answer:
B
6.IfPC/PFweretoincrease,
(a)worldrelativequantityofclothsuppliedanddemandedwouldincrease.
(b)worldrelativequantityofclothsuppliedanddemandedwoulddecrease.
(c)worldrelativequantityofclothsuppliedwouldincreases.
(d)worldrelativequantityofclothdemandedwoulddecrease.
(e)Noneoftheabove.
Answer:
C
7.Whentheproductionpossibilityfrontiershiftsoutrelativelymoreinonedirection,wehave
(a)biasedgrowth.
(b)unbiasedgrowth.
(c)immiserizinggrowth.
(d)balancedgrowth.
(e)imbalancedgrowth.
Answer:
A
8.Export-biasedgrowthinCountryHwill
(a)improvethetermsoftradeofCountryH.
(b)triggeranti-biasregulationsoftheWTO.
(c)worsenthetermsoftradeofCountryF(thetradepartner).
(d)improvethetermsoftradeofCountryF.
(e)decreaseeconomicwelfareinCountryH.
Answer:
D
9.Immiserizinggrowthis
(a)likelytooccuriftheexportingcountryispoor.
(b)likelytooccuriftheexportingcountryisrich.
(c)likelytooccurwhentermsoftradechange.
(d)likelytooccurifrelativesuppliesareelastic.
(e)Noneoftheabove.
Answer:
E
10.IftheU.S.AgencyforInternationalDevelopmenttransfersfundstopoorcountriesinSub-SaharanAfrica,thismust
(a)worsentheU.S.termsoftrade.
(b)improvetheU.S.termsoftrade.
(c)worsenthetermsoftradeoftheAfricanaidrecipients.
(d)improvethetermsoftradeoftheAfricanaidrecipients.
(e)Noneoftheabove.
Answer:
E
11.IfthepoorUSAIDrecipientcountrieshaveahighermarginalpropensitytoconsumeeachandeveryproductthandoestheUnitedStates,thensuchaidwill
(a)worsentheU.S.termsoftrade.
(b)improvetheU.S.termsoftrade.
(c)leavetheworldtermsoftradeunaffected.
(d)worsenthetermsoftradeofbothdonorandrecipientcountries.
(e)Noneoftheabove.
Answer:
B
12.IftheU.S.hasahighermarginalpropensitytoconsume(MPC)importsascomparedtobothitsMPCforexportablesandnontradables,thensuchaidwill
(a)worsentheU.S.termsoftrade.
(b)improvetheU.S.termsoftrade.
(c)leavetheworldtermsoftradeunaffected.
(d)worsenthetermsoftradeofbothdonorandrecipientcountries.
(e)Noneoftheabove.
Answer:
B
13.IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswilltendto
(a)havenoeffectontermsoftrade.
(b)improvethetermsoftradeofallcountries.
(c)improvethetermsoftradeoftheUnitedStates.
(d)causeadeteriorationofU.S.termsoftrade.
(e)raisetheworldpriceofthegoodimportedbytheUnitedStates.
Answer:
C
14.IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswill
(a)havenoeffectoneconomicwelfare.
(b)improvethetermsoftradeofallcountries.
(c)improvetheeconomicwelfareoftheUnitedStates.
(d)harmtheeconomicwelfareofU.S.’tradingpartners.
(e)Noneoftheabove
Answer:
D
15.Acountrywillbeabletoconsumeabundlewhichisnotattainablesolelyfromdomesticproductiononlyif
(a)theworldtermsoftradedifferfromitsdomesticrelativecosts.
(b)thecountryspecializesinoneproduct.
(c)thecountryavoidsinternationaltrade.
(d)theworldtermsoftradeequalthedomesticrelativecosts.
(e)Noneoftheabove.
Answer:
A
16.Termsoftraderefersto
(a)whatgoodsareimported.
(b)whatgoodsareexported.
(c)thevolumeoftrade.
(d)thepricesatwhichtradeoccurs.
(e)Noneoftheabove.
Answer:
D
17.Ifacountry’s(net-barter)termsoftradeincrease(“improve”)weknowfromthisthateconomicwelfareinthiscountry
(a)increases
(b)increases,butonlyrelativetothatofitstradepartners
(c)isunchanged
(d)decreases
(e)Noneoftheabove
Answer:
E
18.Ifpointsaandbarebothontheproductionpossibilityfrontierofacountry,then
(a)consumersareindifferentbetweenthetwobundles.
(b)producersareindifferentbetweenthetwobundles.
(c)atanypointintime,thecountrycouldproduceboth.
(d)Bothcostthesame.
(e)Thecountrycouldproduceeitherofthetwobundles.
Answer:
E
19.Iftheeconomyisproducingatpointaonitsproductionpossibilityfrontier,then
(a)allofthecountry’sworkersarespecializedinoneproduct.
(b)allofthecounty’scapitalisusedforoneproduct.
(c)allofthecounty’sworkersareemployed.
(d)allofitscapitalisused,butnotefficiently.
(e)Noneoftheabove.
Answer:
C
20.IfatpointAontheproductionpossibilityfrontier,andthecommunityindifferencecurvecutsthroughpointafromnorthwesttosoutheast,thentheoptimalautarkyproductionbundleis
(a)atpointA.
(b)totherightofpointA.
(c)totheleftofpointA.
(d)tothenortheastofpointA.
(e)tothesouthwestofpointA.
Answer:
B
21.Abundleindicatedbyapointtothenortheastoftheproductionpossibilityfrontieris
(a)unattainableatapointintime.
(b)unattainableatapointintimewithoutinternationaltrade.
(c)unattainableatapointintimewithoutdomestictrade.
(d)unattainableasaconsumptionpoint.
(e)Noneoftheabove.
Answer:
B
22.Iftwocountrieswithdiminishingreturnsanddifferentmarginalratesofsubstitutionbetweentwoproductsweretoengageintrade,then
(a)theshapesoftheirrespectiveproductionpossibilityfrontierswouldchange.
(b)themarginalratesofsubstitutionofbothwouldbecomeequal.
(c)thelargerofthetwocountrieswoulddominatetheirtrade.
(d)thecountrywithrelativelyelasticsupplieswouldexportmore.
(e)Noneoftheabove.
Answer:
B
23.IfacountrybeganexportingproductAandimportingproductB,then,ascomparedtotheautarky(no-trade)situation,themarginalcostofproductAwill
(a)increase.
(b)decrease.
(c)shiftoutward.
(d)shiftinward.
(e)Noneoftheabove.
Answer:
A
24.If,beginningfromafreetradeequilibrium,the(netbarter)termsoftradeimproveforacountry,thenitwill
(a)increaseproductionofitsimportcompetinggood.
(b)increaseconsumptionofitsexportgood.
(c)increasethequantityofitsimports.
(d)experienceanexport-biasedshiftinitsproductionpossibilityfrontier.
(e)Noneoftheabove.
Answer:
C
25.Ifasmallcountryweretolevyatariffonitsimportsthenthiswould
(a)havenoeffectonthatcountry’seconomicwelfare.
(b)increasethecountry’seconomicwelfare.
(c)decreasethecountry’seconomicwelfare.
(d)changethetermsoftrade.
(e)Noneoftheabove.
Answer:
C
26.Anincreaseinacountry’snetcommoditytermsoftradewillalways
(a)increasethecountry’seconomicwelfare.
(b)increasethecountry’srealincome.
(c)increasethecountry’squantityofexports.
(d)increasethecountry’sproductionofitsimportcompetinggood.
(e)Noneoftheabove.
Answer:
E
27.AfterWWI,Germanywasforcedtomakelargereparations—transfersofrealincome-toFrance.Ifthemarginalpropensitytoconsumewasequalinbothcountries,andifFrance’sdemandwasbiasedtowardfood(relativetoGermany’sdemandpattern)thenwewouldexpecttofind
(a)theworld’srelativepriceforfoodremainsunchanged.
(b)theworld’srelativepriceforfoodincrease.
(c)theworld’srelativepriceforfooddecrease.
(d)theworldrelativepriceforbothfoodandnon-foodrise.
(e)Noneoftheabove.
Answer:
B
28.IfweaddtoQuestion27thatFranceexportedmanufactures,whereasGermanyexportedfood,thenthereparationsfromGermanytoFrancewould
(a)improveFrance’sinternationaltermsoftrade.
(b)causeFrance’termsoftradetodeteriorate.
(c)causebothFrance’andGermany’stermsoftradetodeteriorate.
(d)causebothFrance’andGermany’stermsoftradetoimprove.
(e)Noneoftheabove.
Answer:
B
29.Ifacountrylentmoneytoanother,thismust
(a)lowerthetermsoftradeoftherecipientcountry.
(b)lowerthetermsoftradeofbothcountries.
(c)improvethetermsoftradeoftherecipientcountry.
(d)improvethetermsoftradeofthedonorcountry
(e)Noneoftheabove.
Answer:
E
30.Duringthe19thCentury,economicgrowthofthemajortradingcountrieswasbiasedtowardmanufacturesandawayfromfood.Thelessdevelopedcountriesofthattimewerenetexportersoffood.Fromthis