国际经济学双语习题1.docx

1、国际经济学双语习题1International Economics, 8e (Krugman) Chapter 1 Introduction1.1 What Is International Economics About?1) Historians of economic thought often describe _ written by _ and published in _ as the first real exposition of an economic model. A) Of the Balance of Trade, David Hume, 1776 B) Wealth

2、 of Nations, David Hume, 1758 C) Wealth of Nations, Adam Smith, 1758 D) Wealth of Nations, Adam Smith, 1776 E) Of the Balance of Trade, David Hume, 1758 Answer: E Question Status: Previous Edition2) From 1959 to 2004, A) the U.S. economy roughly tripled in size. B) U.S. imports roughly tripled in si

3、ze. C) the share of US Trade in the economy roughly tripled in size. D) U.S. Imports roughly tripled as compared to U.S. exports. E) U.S. exports roughly tripled in size. Answer: C Question Status: Previous Edition3) The United States is less dependent on trade than most other countries because A) t

4、he United States is a relatively large country. B) the United States is a Superpower. C) the military power of the United States makes it less dependent on anything. D) the United States invests in many other countries. E) many countries invest in the United States. Answer: A Question Status: Previo

5、us Edition4) Ancient theories of international economics from the 18th and 19th Centuries are A) not relevant to current policy analysis. B) are only of moderate relevance in todays modern international economy. C) are highly relevant in todays modern international economy. D) are the only theories

6、that actually relevant to modern international economy. E) are not well understood by modern mathematically oriented theorists. Answer: C Question Status: Previous Edition5) An important insight of international trade theory is that when countries exchange goods and services one with the other it A)

7、 is always beneficial to both countries. B) is usually beneficial to both countries. C) is typically beneficial only to the low wage trade partner country. D) is typically harmful to the technologically lagging country. E) tends to create unemployment in both countries. Answer: B Question Status: Pr

8、evious Edition 6) If there are large disparities in wage levels between countries, then A) trade is likely to be harmful to both countries. B) trade is likely to be harmful to the country with the high wages. C) trade is likely to be harmful to the country with the low wages. D) trade is likely to b

9、e harmful to neither country. E) trade is likely to have no effect on either country. Answer: D Question Status: Previous Edition7) Benefits of international trade are limited to A) tangible goods. B) intangible goods. C) all goods but not services. D) services. E) None of the above. Answer: E Quest

10、ion Status: Previous Edition8) Which of the following does not belong? A) NAFTA B) Uruguay Round C) World Trade Organization D) None Tariff Barriers E) None of the above. Answer: D Question Status: Previous Edition9) International economics does not use the same fundamental methods of analysis as ot

11、her branches of economics, because A) the level of complexity of international issues is unique. B) the interactions associated with international economic relations is highly mathematical. C) international economics takes a different perspective on economic issues. D) international economic policy

12、requires cooperation with other countries. E) None of the above. Answer: E Question Status: New10) Because the Constitution forbids restraints on interstate trade, A) the U.S. may not impose tariffs on imports from NAFTA countries. B) the U.S. may not affect the international value of the $ U.S. C)

13、the U.S. may not put restraints on foreign investments in California if it involves a financial intermediary in New York State. D) the U.S. may not impose export duties. E) None of the above Answer: E Question Status: New 11) Which of the following is not a major concern of international economic th

14、eory? A) protectionism B) the balance of payments C) exchange rate determination D) Bilateral trade relations with China E) None of the above Answer: D Question Status: New12) Trade is generally harmful if there are large disparities between countries in wages. A) This is generally true. B) This is

15、generally false. C) Trade theory has nothing to say about this issue. D) This is true if the trade partner ignores child labor laws. E) This is true if the trade partner uses prison labor. Answer: B Question Status: New13) Who sells what to whom A) has been a major preoccupation of international eco

16、nomics. B) is not a valid concern of international economics. C) is not considered important for government foreign trade policy since such decisions are made in the private competitive market. D) is determined by political rather than economic factors. E) None of the above Answer: A Question Status

17、: New14) The insight that patterns of trade are primarily determined by international differences in labor productivity was first proposed by A) Adam Smith. B) David Hume. C) David Ricardo. D) Eli Heckscher. E) Lerner and Samuelson. Answer: C Question Status: New15) Since the mid 1940s, the United S

18、tates, has pursued a broad policy of A) strengthening Fortress America protectionism. B) removing barriers to international trade. C) isolating Iran and other axes of evil. D) protecting the U.S. from the economic impact of oil producers. E) None of the above. Answer: B Question Status: New 16) The

19、balance of payments has become a central issue for the United States because A) when the balance of payments is not balanced, society is unbalanced. B) the U.S. economy cannot grow when the balance of payments is in deficit. C) the U.S. has run huge trade deficits in every year since 1982. D) the U.

20、S. never experienced a surplus in its balance of payments. E) None of the above. Answer: C Question Status: New17) The euro, a common currency for most of the nations of Western Europe, was introduced A) before 1900. B) before 1990. C) before 2000. D) in order to snub the pride of the U.S. E) None o

21、f the above. Answer: C Question Status: New18) During the first three years of its existence, the euro A) depreciated against the $U.S. B) maintained a strict parity with the $U.S. C) strengthened against the $U.S. D) proved to be an impossible dream. E) None of the above. Answer: A Question Status:

22、 New19) The study of exchange rate determination is a relatively new part of international economics, since, A) for much of the past century, exchange rates were fixed by government action. B) the calculations required for this were not possible before modern computers became available. C) economic

23、theory developed by David Hume demonstrated that real exchange rates remain fixed over time. D) dynamic overshooting asset pricing models are a recent theoretical development. E) None of the above Answer: A Question Status: New20) A fundamental problem in international economics is how to produce A)

24、 a perfect degree of monetary harmony. B) an acceptable degree of harmony among the international tradepolicies of different countries. C) a world government that can harmonize trade and monetary policies D) a counter-cyclical monetary policy so that all countries will not be adversely affected by a

25、 financial crisis in one country. E) None of the above. Answer: B Question Status: New 21) For the 50 years preceding 1994, international trade policies have been governed A) by the World Trade Organization. B) by the International Monetary Fund. C) by the World. D) by an international treaty known

26、as the General Agreement on Tariffs and Trade (GATT). E) None of the above. Answer: D Question Status: New22) The international capital market is A) the place where you can rent earth moving equipment anywhere in the world. B) a set of arrangements by which individuals and firms exchange money now f

27、or promises to pay in the future. C) the arrangement where banks build up their capital by borrowing from the Central Bank. D) the place where emerging economies accept capital invested by banks. E) None of the above. Answer: B Question Status: New23) International capital markets experience a kind

28、of risk not faced in domestic capital markets, namely A) economic meltdown risk. B) Flood and hurricane crisis risk. C) the risk of unexpected downgrading of assets by Standard and Poor. D) exchange rate risk. E) None of the above. Answer: D Question Status: New24) Since 1994, trade rules have been

29、enforced by A) the WTO. B) the G10. C) the GATT. D) The U.S. Congress. E) None of the above. Answer: A Question Status: New25) In 1998 an economic and financial crisis in South Korea caused it to experience A) a surplus in their balance of payments. B) a deficit in their balance of payments. C) a ba

30、lanced balance of payments. D) an unbalanced balance of payments. E) None of the above. Answer: A Question Status: New 26) In 1999, demonstrators representing a mix of traditional and new ideologies disrupted a major international trade meeting in Seattle of A) the OECD. B) NAFTA. C) WTO. D) GATT. E) None of the above. Answer: C Question Status: New27)