国际经济学英文版选择题.docx

1、国际经济学英文版选择题练习题二：PartA:MultipleChoiceDADCCBACDBDD1.Inthe2-factor,2goodHeckscher-Ohlinmodel,thetwocountriesdifferinA)tastes.B)militarycapabilities.C)size.D)relativeavailabilitiesoffactorsofproduction.E)laborproductivities.2.TheslopeofacountrysPPFreflectsA)theopportunitycostofproductSintermsofproductT.

2、B)theopportunitycostofTintermsofmoneyprices.C)theopportunitycostofSorTintermsofS.D)BothAandB.E)BothAandC.3.AccordingtotheHeckscher-Ohlinmodel,thesourceofcomparativeadvantageisacountrysA)Technology.B)advertising.C)humancapital.D)factorendowments.E)BothAandB.4.IfAustraliahasrelativelymorelandperworker

3、,andBelgiumhasrelativelymorecapitalperworker,theniftradeweretoopenupbetweenthesetwocountries,A)therelativepriceofthecapital-intensiveproductwouldriseinAustralia.B)theworldpriceoftheland-intensiveproductwouldbehigherthanithadbeeninBelgium.C)theworldpriceofthelandintensiveproductwouldbehigherthanithad

4、beeninAustralia.D)therelativepriceofthelandintensiveproductwouldriseinBelgium.E)Noneoftheabove.5.TheHeckscher-OhlinmodelpredictsallofthefollowingexceptA)whichcountrywillexportwhichproduct.B)whichfactorofproductionwithineachcountrywillgainfromtrade.C)thevolumeoftrade.D)thatwageswilltendtobecomeequali

5、nbothtradingcountries.E)Noneoftheabove.6.ExternaleconomiesofscalearisewhenthecostperunitA)risesastheindustrygrowslarger.B)fallsastheindustrygrowslargerrisesastheaveragefirmgrowslarger.C)fallsastheaveragefirmgrowslarger.D)remainsconstant.E)Noneoftheabove.7.ExternaleconomiesofscaleA)maybeassociatedwit

6、haperfectlycompetitiveindustry.B)cannotbeassociatedwithaperfectlycompetitiveindustry.C)tendstoresultinonehugemonopoly.D)tendstoresultinlargeprofitsforeachfirm.E)Noneoftheabove.8.ThesimultaneousexportandimportofwidgetsbytheUnitedStatesisanexampleofA)increasingreturnstoscale.B)B)imperfectcompetition.C

7、)intra-industrytrade.D)inter-industrytrade.E)Noneoftheabove.9.Intra-industrytradecanbeexplainedinpartbyA)transportationcostswithinandbetweencountries.B)problemsofdataaggregationandcategorization.C)increasingreturnstoscale.D)Alloftheabove.E)Noneoftheabove.10.Intra-industrytradewilltendtodominatetrade

8、flowswhenwhichofthefollowingexists?A)largedifferencesbetweenrelativecountryfactoravailabilitiesB)smalldifferencesbetweenrelativecountryfactoravailabilitiesC)homogeneousproductsthatcannotbedifferentiatedD)constantcostindustriesE)Noneoftheabove.11.Thelargerthenumberoffirmsinamonopolisticcompetitionsit

9、uation,A)thelargerarethatcountrysexports.B)thehigheristhepricecharged.C)thefewervarietiesaresold.D)theloweristhepricecharged.E)Noneoftheabove.12.Thelargerthenumberoffirmsinamonopolisticcompetitionsituation,A)thelargerarethatcountrysexports.B)thehigheristhepricecharged.C)thefewervarietiesaresold.D)th

10、eloweristhepricecharged.E)Noneoftheabove.PartB：ShortQuestions1.TheH.O.modelremainsusefulasawaytopredicttheincomedistributioneffectsoftrade.Discuss.Answer:TheStolper-Samuelsontheorem,oneofthebasictheoremsarisingfromtheHeckscher-Ohlinmodelyieldsanelegantdemonstrationofthefactthatchangesinproductprices

11、(suchaswilloccurwhentradeisexpandedorcurtailed)telescopesitseffectsontofactorprices,sothatnotonlydorelativefactorreturnsmirrorproductprices,butthatactualreturnstofactorsmayeitherriseorfallinrealterms.Hence,asapolicyframework,thedisproportionateeffecttrademayhaveonrealincomesofsectors,suchasskilled-l

12、aborisquiteusefulboththeoreticallyandpractically(orpolemically)2.Internationaltradeleadstocompleteequalizationoffactorprices.Discuss.This statementistypicallytrue.but.Underastrictandlimitedsetofassumptions,suchastheoriginalHeckscher-Ohlinmodelwhichexcludescountryspecifictechnologies;non-homotheticta

13、stes;factorintensityreversals;largecountrydifferencesin(relative)factorabundances,morefactorsthangoods,andanequilibriumsolutionwithintheconeofspecialization;thenitmaybedemonstratedthatinternalconsistencydemandsthattheabovestatedsentenceistrue.However,theminuteonerelaxesanyoftheabovelistedassumptions

14、onemayeasilyidentifysolutions,whichcontradictthefactorpriceequalizationtheorem.3.Ifascaleeconomyisthedominanttechnologicalfactordefiningorestablishingcomparativeadvantage,thentheunderlyingfactsexplainingwhyaparticularcountrydominatesworldmarketsinsomeproductmaybepurechance,orhistoricalaccident.Expla

15、in,andcomparethiswiththeansweryouwouldgivefortheHeckscher-Ohlinmodelofcomparativeadvantage.Thisstatementistrue,sincethereasonthesellerisamonopolistmaybethatithappenedtohavebeenthefirsttoproducethisproductinthiscountry.Itmayhavenoconnectiontoanysupplyordemandrelatedfactors;nortoanynaturalorman-madeav

16、ailability.ThisisallexactlytheoppositeoftheHeckscher-OhlinNeo-Classicalmodelsexplanationofthedeterminantsofcomparativeadvantage.练习题三PartAMultipleChoiceBEDDADAAACCABDD1)InternationalborrowingandlendingmaybeinterpretedasoneformofA)intermediatetrade.B)inter-temporaltrade.C)tradeinservices.D)unrequitedi

17、nternationaltransfers.E)Noneoftheabove.2)InternationalfreelabormobilitywillunderallcircumstancesA)increasetotalworldoutput.B)improvetheeconomicwelfareofeveryone.C)improvetheeconomicwelfareofworkerseverywhere.D)improvetheeconomicwelfareoflandlords(orcapitalowners)everywhere.E)Noneoftheabove.3)Interna

18、tionallabormobilityA)leadstowageconvergencebyraisingwagesindestinationcountryandloweringinsourcecountry.B)isinaccordancewiththespecificfactorsmodel.C)isinaccordancewiththeHeckscher-Ohlinfactorproportionsmodel.D)leadstowageconvergencebyraisingwagesinsourceandloweringthemindestinationcountry.E)isinacc

19、ordancewithscaleeconomymodel.4)IfinitiallywagesarehigherinHomethaninForeign,thenamovementofworkersfromForeigntoHomewillA)lowerthemarginalproductoflaborinForeign.B)raisetotalproductinForeign.C)raisetheincomeoflandownersinForeign.D)raisetheincomeoflandownersinHome.E)Noneoftheabove.5)Acountrythathasaco

20、mparativeadvantageinfutureproductionofconsumptiongoodsA)willtendtobeaninternationalborrower.B)willtendtohavelowrealinterestrates.C)willtendtobeaninternationalinvestororlender.D)willtendtohavegoodworkethics.E)Noneoftheabove.6)WhyagoodisproducedintwodifferentcountriesisknownasthequestionofA)internaliz

21、ation.B)verticalintegration.C)exploitation.D)location.E)Noneoftheabove.7)DirectforeigninvestmentmaytakeanyofthefollowingformsexceptA)investorsbuyingbondsofanexistingfirmoverseas.B)thecreationofawhollyownedbusinessoverseas.C)thetakeoverofanexistingcompanyoverseas.D)theconstructionofamanufacturingplan

22、toverseas.E)Noneoftheabove.8)MultinationalcorporationsA)increasethetransferoftechnologybetweennations.B)makeitharderfornationstofosteractivitiesofcomparativeadvantage.C)alwaysenjoypoliticalharmonyinhostcountriesinwhichtheirsubsidiariesoperate.D)requiregovernmentalsubsidiesinordertoconductworldwideop

23、erations.E)Noneoftheabove.9)Theshiftoflabor-intensiveassemblyoperationsfromtheUnitedStatestoMexicanmaqiladoramaybebestexplainedintermsofatheoryofA)location.B)verticalintegration.C)horizontalintegration.D)internalization.E)Noneoftheabove.10)AlowertariffonimportedsteelwouldmostlikelybenefitA)foreignpr

24、oducersattheexpenseofdomesticconsumers.B)domesticmanufacturersofsteel.C)domesticconsumersofsteel.D)workersinthesteelindustry.E)Noneoftheabove.11)Inthecountrylevyingthetariff,thetariffwillA)increasebothconsumerandproducersurplus.B)decreaseboththeconsumerandproducersurplus.C)decreaseconsumersurplusand

25、increaseproducersurplus.D)increaseconsumersurplusanddecreaseproducersurplus.E)Noneoftheabove.12)Ifthetariffoncomputersisnotchanged,butdomesticcomputerproducersshiftfromdomesticallyproducedsemiconductorstoimportedcomponents,thentheeffectiverateofprotectioninthecomputerindustrywillA)increase.B)decreas

26、eC)remainthesame.D)dependonwhethercomputersarePCsorSupercomputers.E)Noneoftheabove.13)Ifasmallcountryimposesatariff,thenA）theproducersmustsufferaloss.B)theconsumersmustsufferaloss.C)thegovernmentrevenuemustsufferaloss.D)thedemandcurvemustshifttotheleft.E)Noneoftheabove.14)TheeffectiverateofprotectionmeasuresA)thetrueadvalorumvalueofatariff.B)thequotaequivalentvalueofatariff.C)theefficiencywithwhichthetariffiscollectedatthecustomhouse.D)theprotectiongivenbythetarifftodomesticvalueadded.E)Noneoftheabove.15)Asglobalizat