国际经济学作业答案-第七章.doc

1、Chapter 7International Factor Movements83Chapter 7 International Factor MovementsnMultiple Choice Questions1.Which of the following differs in its essential analytical framework?(a)International trade in goods(b)International conflict resolution(c)International trade in services(d)International trad

2、e in factors of production(e)International borrowing and lendingAnswer: B2.The slope of the production function measures(a)the physical increase in output as country grows.(b)the dollar-value increase in output as a country grows.(c)the increase in number of workers as immigration proceeds.(d)the ma

3、rginal product of labor.(e)the marginal product of capital.Answer: D3.International free labor mobility will under all circumstances(a)increase total world output.(b)improve the economic welfare of everyone.(c)improve the economic welfare of workers everywhere.(d)improve the economic welfare of land

4、lords (or capital owners) everywhere.(e)None of the above.Answer: E4.If the world attained a perfect Heckscher-Ohlin model equilibrium with trade, then(a)workers in the labor abundant country would migrate to the capital abundant country.(b)workers in the labor abundant country would wish to migrate

5、 to the capital abundant country.(c)workers in the labor abundant country would have no desire to migrate to the capital abundant country.(d)workers in the capital abundant country would wish to migrate to the labor abundant country.(e)workers in the capital abundant country would migrate to the lab

6、or abundant country.Answer: C5.During the mass migration period of late 19th-early 20th centuries,(a)wages rose in the origin countries and fell in the destination countries.(b)wages fell in the origin countries and rose in the destination countries.(c)wages generally rose faster in the origin count

7、ries.(d)wages generally rose faster in the destination countries.(e)wages generally fell faster in the origin countries.Answer: C6.International borrowing and lending may be interpreted as one form of(a)intermediate trade.(b)inter-temporal trade.(c)trade in services.(d)unrequited international trans

8、fers.(e)None of the above.Answer: B7.The relative price of future consumption is(a)the interest rate.(b)unknown at any given time.(c)the real interest rate.(d)the relative interest rate.(e)None of the above.Answer: C8.A country that has a comparative advantage in future production of consumption goo

9、ds(a)will tend to be an international borrower.(b)will tend to have low real interest rates.(c)will tend to be an international investor or lender.(d)will tend to have good work ethics.(e)None of the above.Answer: A9.A U.S. multinational corporation(a)has a controlling share in a foreign subsidiary

10、and is not itself foreign controlled.(b)is foreign controlled and has no controlling share in a foreign company.(c)has a controlling share in a foreign subsidiary and may itself be foreign controlled by a foreign company.(d)is a U.S. company whose major markets are outside the United States.(e)None

11、of the above.Answer: C10.Why a good is produced in two different countries is known as the question of(a)internalization.(b)vertical integration.(c)exploitation.(d)location.(e)None of the above.Answer: D11.Internalization deals with the question(a)why workers prefer to work indoors(b)internationaliz

12、ation(c)why components are produced by one firm rather than by many.(d)Why a good is produced in two different countries(e)None of the aboveAnswer: C12.The home location of most of the worlds large multinational companies is(a)North America and Europe.(b)North America and Asia.(c)Europe and South Am

13、erica.(d)Europe and Asia.(e)None of the above.Answer: A13.Which of the following best refers to the outright construction or purchase abroad of productive facilities by domestic residents?(a)Foreign direct investment(b)Portfolio Investment(c)Short-term capital investment.(d)Long-term capital investm

14、ent(e)None of the above.Answer: A14.Most direct investment in the United States has come from(a)Japan.(b)Canada.(c)Western Europe.(d)South America.(e)Asia.Answer: C15.Most U.S. direct foreign investment occurs in(a)communications.(b)agriculture.(c)petroleum.(d)manufacturing.(e)None of the above.Answ

15、er: D16.Most foreign direct investment in the United States occurs in(a)communications.(b)agriculture.(c)petroleum.(d)manufacturing.(e)None of the above.Answer: D17.Multinational corporations may provide benefits to their home countries for the following reasons except which one?(a)Secure raw materials for the source country(b)Allow for exports of products, which involve company-specific trade secrets(c)Allow domestic firms to secure timely deliveries of com