国际经济学作业答案第五章.docx

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