国际经济学作业答案第五章Word文档格式.docx

1、（d） the isovalue line is below the production possibility frontier.（e） the isovalue line is tangent with the indifference curve. B3. Tastes of individuals are represented by（a） the production possibility frontier.（b） the isovalue line.（c） the indifference curve.（d） the production function.4. If PC/P

2、F were to increase in the international marketplace, then（a） all countries would be better off.（b） the terms of trade of cloth exporters improve.（c） the terms of trade of food exporters improve.（d） the terms of trade of all countries improve.（e） None of the above5. If PC/PF were to increase,（a） the

3、cloth exporter would increase the quantity of cloth exports.（b） the cloth exporter would increase the quantity of cloth produced.（c） the food exporter would increase the quantity of food exports.（d） Both （a） and （c）.6. If PC/PF were to increase,（a） world relative quantity of cloth supplied and deman

4、ded would increase.（b） world relative quantity of cloth supplied and demanded would decrease.（c） world relative quantity of cloth supplied would increases.（d） world relative quantity of cloth demanded would decrease.7. When the production possibility frontier shifts out relatively more in one direct

5、ion, we have（a） biased growth.（b） unbiased growth.（c） immiserizing growth.（d） balanced growth.（e） imbalanced growth. A8. Export-biased growth in Country H will（a） improve the terms of trade of Country H.（b） trigger anti-bias regulations of the WTO.（c） worsen the terms of trade of Country F （the trad

6、e partner）.（d） improve the terms of trade of Country F.（e） decrease economic welfare in Country H. D9. Immiserizing growth is（a） likely to occur if the exporting country is poor.（b） likely to occur if the exporting country is rich.（c） likely to occur when terms of trade change.（d） likely to occur if

7、 relative supplies are elastic. E10. If the U.S. Agency for International Development transfers funds to poor countries in Sub-Saharan Africa, this must（a） worsen the U.S. terms of trade.（b） improve the U.S. terms of trade.（c） worsen the terms of trade of the African aid recipients.（d） improve the t

8、erms of trade of the African aid recipients.11. If the poor USAID recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid will（c） leave the world terms of trade unaffected.（d） worsen the terms of trade of both donor and recip

9、ient countries.12. If the U.S. has a higher marginal propensity to consume （MPC） imports as compared to both its MPC for exportables and nontradables, then such aid will13. If the U.S. （a large country） imposes a tariff on its imported good, this will tend to（a） have no effect on terms of trade.（b）

10、improve the terms of trade of all countries.（c） improve the terms of trade of the United States.（d） cause a deterioration of U.S. terms of trade.（e） raise the world price of the good imported by the United States.14. If the U.S. （a large country） imposes a tariff on its imported good, this will（a） h

11、ave no effect on economic welfare.（c） improve the economic welfare of the United States.（d） harm the economic welfare of U.S. trading partners.15. A country will be able to consume a bundle which is not attainable solely from domestic production only if（a） the world terms of trade differ from its do

12、mestic relative costs.（b） the country specializes in one product.（c） the country avoids international trade.（d） the world terms of trade equal the domestic relative costs.16. Terms of trade refers to（a） what goods are imported.（b） what goods are exported.（c） the volume of trade.（d） the prices at whi

13、ch trade occurs.17. If a countrys （net-barter） terms of trade increase （“improve”） we know from this that economic welfare in this country（a） increases（b） increases, but only relative to that of its trade partners（c） is unchanged（d） decreases18. If points a and b are both on the production possibili

14、ty frontier of a country, then（a） consumers are indifferent between the two bundles.（b） producers are indifferent between the two bundles.（c） at any point in time, the country could produce both.（d） Both cost the same.（e） The country could produce either of the two bundles.19. If the economy is prod

15、ucing at point a on its production possibility frontier, then（a） all of the countrys workers are specialized in one product.（b） all of the countys capital is used for one product.（c） all of the countys workers are employed.（d） all of its capital is used, but not efficiently.20. If at point A on the

16、production possibility frontier, and the community indifference curve cuts through point a from northwest to southeast, then the optimal autarky production bundle is（a） at point A.（b） to the right of point A.（c） to the left of point A.（d） to the northeast of point A.（e） to the southwest of point A.2

17、1. A bundle indicated by a point to the northeast of the production possibility frontier is（a） unattainable at a point in time.（b） unattainable at a point in time without international trade.（c） unattainable at a point in time without domestic trade.（d） unattainable as a consumption point.22. If two

18、 countries with diminishing returns and different marginal rates of substitution between two products were to engage in trade, then（a） the shapes of their respective production possibility frontiers would change.（b） the marginal rates of substitution of both would become equal.（c） the larger of the

19、two countries would dominate their trade.（d） the country with relatively elastic supplies would export more.23. If a country began exporting product A and importing product B, then, as compared to the autarky （no-trade） situation, the marginal cost of product A will（a） increase.（b） decrease.（c） shif

20、t outward.（d） shift inward.24. If, beginning from a free trade equilibrium, the （net barter） terms of trade improve for a country, then it will（a） increase production of its import competing good.（b） increase consumption of its export good.（c） increase the quantity of its imports.（d） experience an e

21、xport-biased shift in its production possibility frontier.25. If a small country were to levy a tariff on its imports then this would（a） have no effect on that countrys economic welfare.（b） increase the countrys economic welfare.（c） decrease the countrys economic welfare.（d） change the terms of trad

22、e.26. An increase in a countrys net commodity terms of trade will always（a） increase the countrys economic welfare.（b） increase the countrys real income.（c） increase the countrys quantity of exports.（d） increase the countrys production of its import competing good.27. After WWI, Germany was forced t

23、o make large reparationstransfers of real income- to France. If the marginal propensity to consume was equal in both countries, and if Frances demand was biased toward food （relative to Germanys demand pattern） then we would expect to find（a） the worlds relative price for food remains unchanged.（b）

24、the worlds relative price for food increase.（c） the worlds relative price for food decrease.（d） the world relative price for both food and non-food rise.28. If we add to Question 27 that France exported manufactures, whereas Germany exported food, then the reparations from Germany to France would（a）

25、 improve Frances international terms of trade.（b） cause France terms of trade to deteriorate.（c） cause both France and Germanys terms of trade to deteriorate.（d） cause both France and Germanys terms of trade to improve.29. If a country lent money to another, this must（a） lower the terms of trade of

26、the recipient country.（b） lower the terms of trade of both countries.（c） improve the terms of trade of the recipient country.（d） improve the terms of trade of the donor country30. During the 19th Century, economic growth of the major trading countries was biased toward manufactures and away from food. The less developed countries of that time were net exporters of food. From this