国际经济学模拟试题英文含答案.docx

1、国际经济学模拟试题英文含答案国际经济学模拟习题（3） 一、True or False （10*1=10） 1. Trade is a zero-sum activity; if one country gains, the other must lose. 2. A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production possibilities schedul

2、e is tangent to an indifference curve. 3. The factor endowments model predicts that international trade will tend to equalize the prices of trade-able goods among nations, but to increase the wage gap between capital-abundant and labor-abundant nations. 4. A tax of 10 percent on imports of shoes wou

3、ld be an example of a specific tariff. 5. An import quota will not raise the domestic price of the product as would a tariff, because it is not a tax on imports. 6. In balance-of-payments account, a transaction resulting in receipt of a payment is recorded as a credit, whereas a transaction resultin

4、g in a payment to other nations is recorded as a debit. 7. Because they do not include an exchange of goods or services, unilateral transfers do not appear on a nations balance of payments account. 8. David Hume was one of the first economists to provide analytical support for mercantilist trade pol

5、icies. 9. A nation would be most likely to find its trade balance improving after a currency depreciation if that nations demand for imports and foreign demand for its exports was very inelastic. 10. A nation with neither a balance of payments surplus nor a balance of payments deficit is said to be

6、in internal balance. 二、choices（15*3=45） 1. The law of comparative advantage a). was ratified by the World Trade Organization b). explains how all countries can benefit when each specializes in producing items in which it has the greatest relative efficiency c). explains how only the most efficient n

7、ations can benefit from trade d). is used to evaluate a countrys military strength 2. The theory of absolute advantage was developed by a. the Mercantilists b. David Hume c. Adam Smith d. David Ricardo 3. David Ricardo developed the principle of comparative advantage showing that a. a nation must be

8、 the least-cost producer of a good in order to export that item b. no nation could have an absolute advantage in all goods c. in a two-country example, only one nation can have a comparative advantage d. even a nation that has lower productivity in all goods can benefit by exporting the item in whic

9、h it is relatively less inefficient 4. An indifference curve a. shows that most people really are indifferent about international trade b. shows the demand preferences of consumers c. reflects the relative costs of production within a nation d. indicates how much labor a country has 5. To maximize i

10、ts satisfaction, a nation will ensure that its terms-of-trade line a. is tangent to its production possibilities frontier at one point (production point) and also to the highest attainable indifference curve at another point (consumption point) b. is tangent to its production possibilities frontier

11、and intersects an indifference curve c. intersects its production possibilities frontier and is tangent to an indifference curve d. intersects its production possibilities frontier at one point and an indifference curve at another point 6. Factor-price equalization predicts that with international t

12、rade a. the price of a nations abundant factor will rise and that of its scarce factor will fall b. the price of a nations abundant factor will fall and that of its scarce factor will rise c. the prices of a nations abundant and scarce factors both will rise d. the prices of a nations abundant and s

13、carce factors both will fall 7. The effective rate of protection a. distinguishes between tariffs that are effective and those that are ineffective b. is the minimum level at which a tariff becomes effective in limiting imports c. shows the increase in value-added for domestic production that a part

14、icular tariff structure makes possible, in percentage terms d. shows how effective a tariff is in raising revenue 8. The institutional framework developed in 1947 to promote trade liberalization is known as a. the GATT b. the WTO c. the IMF d. The World Bank 9. Developing nations a. have very limite

15、d involvement in international trade b. trade mostly with each other c. rely heavily on exports of primary products to industrial nations d. rely heavily on exports of manufactured products 10. A customs union is unique in that it a. has no tariffs on trade among member nations b. has no tariffs on trade among member nations and a common set of tariffs on imports from non-members c. has no tariffs on trade among member nations, a common set of tariffs on imports from non-members, and free mobility of factors of production such as labor and capital am