完整版国际经济学罗伯特凯伯答案解析1Word文档格式.docx

1、a.Allows private ownership of capitalb.Has flexible exchange ratesc.Has fixed exchange ratesd.Conducts trade with other countries5.International trade forces domestic firms to become more competitive in terms of:a.The introduction of new productsb.Product design and qualityc.Product priced.All of th

2、e above6.The movement to free international trade is most likely to generate shortterm unemployment in which industries?a.Industries in which there are neither imports nor exportsb.Import-competing industriesc.Industries that sell to domestic and foreign buyersd.Industries that sell to only foreign

3、buyers7.International trade is based on the idea that:a.Exports should exceed importsb.Imports should exceed exportsc.Resources are more mobile internationally than are goodsd.Resources are less mobile internationally than are goods8.Arguments for free trade are sometimes disregarded by politicians

4、because:a.Maximizing domestic efficiency is not considered importantb.Maximizing consumer welfare may not be a chief priorityc.There exist sound economic reasons for keeping one s economy isolatedfrom other economiesd.Economists tend to favor highly protected domestic markets9.How much physical outp

5、ut a worker producers in an hour s work depends on:a.The worker s motivation and skillb.The technology, plant, and equipment in usec.How easy the product is to manufacture10.The largest amount of trade with the United States in recent years has been conducted by:a.Canadab.Germanyc.Chiled.United King

6、dom11.Increased foreign competition tends to:a.Intensify inflationary pressures at homeb.Induce falling output per worker-hour for domestic workersc.Place constraints on the wages of domestic workersd.Increase profits of domestic import-competing industries12. is the ability of a firm/industry, unde

7、r free and fair market conditions,to design, produce, and market goods and services that are better and/or cheaper than those of other firms/industries.a.Competitivenessb.Protectionismc.Comparative advantaged.Absolute advantage13.A firm s , relative to that of other firms, is generally regarded as t

8、hemost important determinant of competitiveness.a.Income levelb.Tastes and preferencesc.Governmental regulationd.Productivity14. Free traders maintain that an open economy is advantageous in that it15.16.17.18.provides all of the following except :a. Increased competition for world producersb. A wid

9、er selection of products for consumersc. The utilization of the most efficient production methodsd. Relatively high wage levels for all domestic workersRecent pressures for protectionism in the United States have been motivated by all of the following except :a. U.S. firms shipping component product

10、ion overseasb. High profit levels for American corporationsc. Sluggish rates of productivity growth in the United Statesd. High unemployment rates among American workersInternational trade tends to cause welfare losses to at least some groups in a country:a. The less mobile the country s resourcesb.

11、 The more mobile the country c. The lower the country s initial living standardd. The higher the country For a nation to maximize its productivity in a global economy:a. Only imports are necessaryb. Only exports are necessaryc. Both imports and exports are necessaryd. Neither imports nor exports are

12、 necessaryA feasible effect of international trade is that:a. A monopoly in the home market becomes an oligopoly in the marketb. An oligopoly in the home market becomes a monopoly in the marketc. A purely competitive firm becomes an oligopolistd. A purely competitive firm becomes a monopolistworld19

13、.International trade in goods and services tends to:a.Increase all domestic costs and pricesb.Keep all domestic costs and prices at the same levelc.Lessen the amount of competition facing home manufacturersd.Increase the amount of competition facing home manufacturers20.The real income of domestic p

14、roducers and consumers can be increased by:a.Technological progress, but not international tradeb.International trade, but not technological progressc.Technological progress and international traded.Neither technological progress nor international trade21.In the United States, automobiles are:a.Impo

15、rted, but not exportedb.Exported, but not importedc.Imported and exportedd.Neither exported nor imported22.since theyTechnological improvements are similar to international trade both:a.Provide benefits for all producers and consumersb.Increase the nation s aggregate incomec.Reduce unemployment for

16、all domestic workersd.Ensure that industries can operate at less than full capacity23.short-termA sudden shift from import tariffs to free trade may induce unemployment in:a.Import-competing industriesb.Industries that are only exportersc.Industries that sell domestically as well as exportd.Industri

17、es that neither import nor export24.Recent empirical studies indicate that productivity performance in industries is:a.Directly related to globalization of industriesb.Inversely related to globalization of industriesc.Not related to globalization of industriesd.Any of the above25.Empirical research

18、indicates that best enhances productivity gains forfirms and industries.a.Local competitionb.Regional competitionc.Global competitiond.No competition26.Increased globalization is fostered by:a.Increased tariffs and quotasb.Restrictions on the migration of laborc.Reduced transportation costsd.Restric

19、tions on investment flows27.A reduced share of the world export market for the United States would be attributed to:a.Decreased productivity in U.S. manufacturingb.High incomes of American householdsc.Relatively low interest rates in the United Statesd.High levels of investment by American corporati

20、ons28.The dominant trading nation in the world market following World War II was:a.United Kingdomc.South Koread.United States29.A closed economy is one in which:a.Imports exactly equal exports, so that trade is balancedb.Domestic firms invest in industries overseasc.The home economy is isolated from

21、 foreign traded.Saving exactly equals investment at full employment30.product,Relative to countries with low ratios of exports to gross domestic countries having high export to gross domestic product ratios are vulnerable to changes in the world market.a.Lessb.Morec.Equally31.Which of the following

22、is a fallacy of international trade?a.Trade is a zero-sum activityb.Exports increase employment in exporting industriesc.Import restrictions increase employment in import-competing industriesd.Tariffs and quotas reduce trade volume32.Foreign ownership of U.S. financial assets:a.Has decreased since t

23、he 1960sb.Has increased since the 1960sc.Has made the U.S. a net borrower since the late 1980sd.Both a and c33.The first wave of globalization was brought to an end by the:a.Great Depressionb.Second World Warc.First World Ward.Smoot-Hawley Act34.Multilateral trade negotiations have led to:a.Continue

24、d trade liberalizationb.Financial liberalizationc.Increased investmentTRUE-FALSE QUESTIONST F 1. Important trading partners of the United States include Canada, Mexico, Japan, and China.F 2. The United States exports a larger percentage of its gross domesticproduct than Japan, Germany, and Canada.in

25、flationary pressures at home.4. The benefits of internationaltrade accrue in the forms of lowerdomestic prices, development of more efficient methods and new products, and a greater range of consumption choices.T F 5. In an open trading system, a country will import those commodities that it produce

26、s at relatively low cost while exporting commodities that can be produced at relatively high cost.security.resources, its stock of machinery and equipment, and the skill of its workers in creating goods that people want to buy.F 8. If a nation has an open economy, it means that the nation allowspriv

27、ate ownership of capital.F 9. Increased foreign competition tends to increase profits of domesticimport-competing companies.T F 10. Restrictive trade policies have resulted in U.S. producers of minerals and metals supplying all of the U.S. consumers needs.ANSWERSAnswers to Multiple-Choice Questions1.b8.29.c2.a9.d3.10.24.31.4.11.25.32.5.12.19.26.33.6.13.20.27.34.7.14.21.28.Answers to True-False Questions