国际经济学模拟试题英文含答案汇编.docx

1、国际经济学模拟试题英文含答案汇编国际经济学模拟习题（3）一、True or False （10*1=10）1.Trade is a zero-sum activity; if one country gains, the other must lose.2. A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production possibilities schedule

2、is tangent to an indifference curve.3. The factor endowments model predicts that international trade will tend to equalize the prices of trade-able goods among nations, but to increase the wage gap between capital-abundant and labor-abundant nations.4. A tax of 10 percent on imports of shoes would b

3、e an example of a specific tariff.5. An import quota will not raise the domestic price of the product as would a tariff, because it is not a tax on imports.6. In balance-of-payments account, a transaction resulting in receipt of a payment is recorded as a credit, whereas a transaction resulting in a

4、 payment to other nations is recorded as a debit.7. Because they do not include an exchange of goods or services, unilateral transfers do not appear on a nations balance of payments account.8. David Hume was one of the first economists to provide analytical support for mercantilist trade policies.9.

5、 A nation would be most likely to find its trade balance improving after a currency depreciation if that nations demand for imports and foreign demand for its exports was very inelastic.10. A nation with neither a balance of payments surplus nor a balance of payments deficit is said to be in interna

6、l balance.二、choices（15*3=45）1.The law of comparative advantagea). was ratified by the World Trade Organization b). explains how all countries can benefit when each specializes in producing items in which it has the greatest relative efficiency c). explains how only the most efficient nations can ben

7、efit from trade d). is used to evaluate a countrys military strength 2.The theory of absolute advantage was developed bya. the Mercantilists b. David Hume c. Adam Smith d. David Ricardo 3.David Ricardo developed the principle of comparative advantage showing thata. a nation must be the least-cost pr

8、oducer of a good in order to export that item b. no nation could have an absolute advantage in all goods c. in a two-country example, only one nation can have a comparative advantage d. even a nation that has lower productivity in all goods can benefit by exporting the item in which it is relatively

9、 less inefficient 4.An indifference curvea. shows that most people really are indifferent about international trade b. shows the demand preferences of consumers c. reflects the relative costs of production within a nation d. indicates how much labor a country has 5.To maximize its satisfaction, a na

10、tion will ensure that its terms-of-trade linea. is tangent to its production possibilities frontier at one point (production point) and also to the highest attainable indifference curve at another point (consumption point) b. is tangent to its production possibilities frontier and intersects an indi

11、fference curve c. intersects its production possibilities frontier and is tangent to an indifference curve d. intersects its production possibilities frontier at one point and an indifference curve at another point 6.Factor-price equalization predicts that with international tradea. the price of a n

12、ations abundant factor will rise and that of its scarce factor will fall b. the price of a nations abundant factor will fall and that of its scarce factor will rise c. the prices of a nations abundant and scarce factors both will rise d. the prices of a nations abundant and scarce factors both will

13、fall 7.The effective rate of protectiona. distinguishes between tariffs that are effective and those that are ineffective b. is the minimum level at which a tariff becomes effective in limiting imports c. shows the increase in value-added for domestic production that a particular tariff structure ma

14、kes possible, in percentage terms d. shows how effective a tariff is in raising revenue 8.The institutional framework developed in 1947 to promote trade liberalization is known asa. the GATT b. the WTO c. the IMF d. The World Bank 9.Developing nationsa. have very limited involvement in international

15、 trade b. trade mostly with each other c. rely heavily on exports of primary products to industrial nations d. rely heavily on exports of manufactured products 10.A customs union is unique in that ita. has no tariffs on trade among member nations b. has no tariffs on trade among member nations and a

16、 common set of tariffs on imports from non-members c. has no tariffs on trade among member nations, a common set of tariffs on imports from non-members, and free mobility of factors of production such as labor and capital among members d. allows unrestricted labor immigration from non-member nations

17、 11.A nations balance of payments statement a. is a record of that nations assets abroad and its liabilities to those from other nations b. is an accounting adjustment process ensuring that a nations exports will be equal to its imports c. does not include transactions of foreign citizens or compani

18、es living or operating within that nation d. is a record of the economic transactions between residents of that nation and the rest of the world, usually for a period of one year.12.Since balance-of-payments accounting is a double-entry accounting system, an export of U.S. wheat to Mexico paid for b

19、y a deposit to the U.S. exporters account in a Mexican bank would be recorded on the U.S. balance of payments asa. a credit for merchandise exports and a credit to short-term financial flows b. a credit for merchandise exports and a debit to short-term financial flows. c. a credit for merchandise ex

20、ports and a debit to unilateral transfers d. a credit for merchandise exports and a debit to official settlements 13.The foreign-exchange marketa. is located in New York b. is a market in Chicago for the international trading of commodities such as wheat or copper. c. is a mechanism for individuals

21、and institutions to exchange one national or regional currency or debt instrument for those of other nations or regions. d. is open from 9:00 a.m. to 3:00 p.m. New York time, Monday through Friday. 14.Market fundamentals that might be expected to influence exchange rate movements include all of the

22、following factors excepta. differences in real income growth rates between countries b. differences in real interest rates between countries c. speculative opinion about future exchange rates d. changes in perceived profitability of economic investments between two countries 15.If inflation is highe

23、r in Mexico than in the United States, the law of one price would predict thata. trade between Mexico and the United States would decline b. the dollar price of autos purchased in Mexico would be higher than the dollar price of comparable autos purchased in the United States c. the peso would apprec

24、iate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation rates d. the peso would depreciate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation rates 三、Questions（45, answer these questions in

25、Chinese） 1. Assume that labor is the only factor used in production, and that the costs of producing butter and cloth are given by the table below.(8)Cost in labor-hours to produceHomeForeign1 unit of butter1/811 unit of cloth1/41/2(1) Express the price of butter relative to the price of cloth in te

26、rms of labor content for Home and Foreign in the absence of trade.(2) What do these relative prices reveal about each countrys comparative advantage?(3) What do these relative prices suggest about the world price of butter relative to cloth that will exist once these countries trade with each other?

27、(4) If the world price stabilizes at 1 with trade, what are the gains by the Home country achieved through trade with the Foreign country?（1） 政策优势 2. Explain the immiserizing growth and list the case for immiserizing growth to be occur. (8)这里有营业员们向顾客们示范着制作各种风格炯异的饰品，许多顾客也是学得不亦乐乎。据介绍，经常光顾“碧芝”的都是些希望得到世

28、界上“独一无二”饰品的年轻人，他们在琳琅满目的货架上挑选，然后亲手串连，他们就是偏爱这种的方式，完全自助在现场，有上班族在里面精挑细选成品，有细心的小女孩在仔细盘算着用料和价钱，准备自己制作的原料。可以想见，用本来稀奇的原料，加上别具匠心的制作，每一款成品都必是独一无二的。而这也许正是自己制造所能带来最大的快乐吧。3. Explain the exchange rate overshooting theory (8)小饰品店往往会给人零乱的感觉，采用开架陈列就会免掉这个麻烦。“漂亮女生”像是个小超市，同一款商品色彩丰富地挂了几十个任你挑，拿上东西再到收银台付款。这也符合女孩子精挑细选的天性，更

29、保持了店堂长盛不衰的人气。4. Suppose that the nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the United Kingdom, and the rate of inflation is 10 percent in the United States and 4 percent in the United Kingdom.(9)2003年，全年商品消费价格总水平比上年上升1%。消费品市场销售平稳增长。全年完成社会消费品零售

30、总额2220.64亿元，比上年增长9.1%。(1) What is the real interest rate in each nation?(2) In which direction would international investment flow in response to these real interest rates?(3) What impact would these investment flows have on the dollars exchange value?1、DIY手工艺市场状况分析5. What effects does labor migrati

31、on have on the country of immigration? The country of emigration? The world as a whole?(12)国际经济学模拟习题（3）参考答案一、判断题（每题1分，共10分） 二、选择题（每题3分，共45分） bcdba acacb dbccd体现市民生活质量状况的指标-恩格尔系数，上海也从1995年的53.4%下降到了2003年的37.2%，虽然与恩格尔系数多在20%以下的发达国家相比仍有差距，但按照联合国粮农组织的划分，表明上海消费已开始进入富裕状态（联合国粮农组织曾依据恩格尔系数，将恩格尔系数在40%-50%定为小康

32、水平的消费，20%-40%定为富裕状态的消费）。三、简答题（共45分）（二）DIY手工艺品的“热卖化” 1、(1) 封闭条件下，本国可以用一半的生产一单位布的劳动时间生产一单位黄油。这表示，在封闭条件下，本国黄油与布的相对价格是1/2，外国黄油与布的相对价格是2。（2分）（2）根据上面的相对价格，表明本国生产黄油有比较优势，外国的比较优势是生产布。（2分）（3）如果两国发生国际贸易，国际比价应该落在封闭条件下本国和外国国内相对价格之间。（2分）成功秘诀：好市口个性经营（4）如果世界市场价格为1，本国通过出口黄油，进口布，用一单位黄油可以换得1单位布，比在本国用两单位黄油换一单位布多获得一单位黄油的利益。（2分）4 WWW。google。com。cn。 大学生政策 2004年3月23日 2、出口偏向型增长对一国的福利产生两种相反的作用，因为生产的多，该国可获得好处