国际经济学(外语)习题4.doc

4I. Objective Questions1.Specific and ad valorem duties are best suited for (a)standardized goods and goods with a wide range of variations, respectively.(b)goods with a wide range of variations and standardized goods, respectively.(c)standardized goods.(d)goods with a wide range of variations. 2.The burden of an import duty on the exporter will be greater when(a)the importing country is small. (b)there are many domestically produced substitutes for the product in the importing country.(c)the exporting country can easily find alternative markets for the product.(d)there are few domestically produced substitutes for the good in the importing country. 3.If the domestic price of a good rises by the full extent of a tariff we can infer(a)the importing country is large. (b)the importing country is small.(c)the government does not earn any revenue from the tariff.(d)consumption will increase after the tariff is imposed. 4.Which of the following is not true of import duties?(a)they have an inflationary effect on the importing countrys economy.(b)they redistribute income in the importing countrys economy.(c)they encourage monopoly power in the importing country. (d)they lead to lower prices for consumer goods. 5.An import duty may not improve a countrys trade balance if(a)unemployment rates are high.(b)there is a large amount of unused capacity in domestic industry. (c)a large trading partner retaliates with a tariff.(d)import demand is highly elastic. 6.Suppose there is a 10% import duty on pocket calculators, but no import duty on the components used in their manufacture. If domestic calculator manufacturers use 75% imported parts, then the effective protective rate of the tariff is (a)40%.(b)10%.(c)2.5%.(d)7.5%. 7.The effective protective rate on a product will exceed the nominal rate on the product if (a)the nominal tariff on the product is higher than the nominal tariff on inputs.(b)the nominal tariff on the product is lower than the nominal tariff on inputs.(c)the nominal tariff on the product is equal to the nominal tariff on inputs.(d)all of the above. 8.Which of the following is not an argument that is frequently made to justify tariffs?(a)tariffs allow infant industries to grow.(b)tariffs can increase employment.(c)tariffs can improve a countrys balance of payments. (d)tariffs are anti-inflationary. 9.The international approach to tariff reductions involves (a)the granting of tariff concessions through WTO negotiations.(b)the removal of tariffs in customs unions such as the European Community.(c)unilateral reductions in tariffs.(d)the replacement of tariffs with more efficient quotas.10.The Unconditional Most Favored Nation Principle(a)grants tariff reductions to select nations within the WTO.(b)grants unilateral tariff reductions to one favored nation only. (c)ensures that tariff reductions by WTO members are extended to all member nations.(d)requires tariff reductions on the part of other nations.11.The optimum tariff for small developing countries is (a)higher than that for large, developed countries. (b)zero.(c)infinitely large.(d)negative.12.A small country is a(a)monopolist. (b)price taker.(c)price maker.(d)monopsonist.13.The imposition of a tariff by a small nation (a)increases the relative price of the imported good.(b)reduces the relative price of the imported good.(c)reduces the world price of the foreign exportable.(d)increases the world price of the foreign exportable.14.When a small nation levies a tariff(a)a nations terms of trade improve.(b)the nations terms of trade deteriorate.(c)the tariff burden is shared. (d)consumers in the importer bear all the burden.15.When a large nation levies a tariff: (a)the nations terms of trade improve.(b)the nations terms of trade deteriorate.(c)the world price of the good remains unchanged.(d)consumers in the importing country bear all the burden.16.Regardless of the size of the tariff imposer, a tariff represents the difference between(a)the world price and the price the country as a whole pays. (b)the price consumers pay and the price the country as a whole pays.(c)the price exporters receive and the price the country as a whole pays.(d)the pretariff price and the price exporters receive.17.A tariff causes an income redistribution from(a)the government to producers and consumers.(b)producers and consumers to the government. (c)consumers to producers and the government.(d)consumers and the government to producers.18.Protection imposes costs on society because(a)the government loses while producers and consumers gain.(b)producers gain while consumers and the government lose.(c)the loss to consumers equals the gain to producers and the government. (d)the loss to consumers is greater than gains to producers and the government.19. Domestic effects of a tariff are comparable to a(a)tax on producers.(b)subsidy to consumers.(c)subsidy to consumers and tax on producers. (d)tax on consumers and a subsidy to producers.20.The exporting nation loses when it faces a large nations tariff since (a)the trade volume falls and the terms of trade decline.(b)the trade volume decline is not offset by a terms of trade gain.(c)the trade volume increase does not offset the terms of trade decrease.(d)the trade volume falls at a constant terms of trade.21.When a large nation imposes a tariff, which of the following takes place in the exporter?(a)production, price, and terms of trade all increase. (b)production, price and terms of trade all decline.(c)production increases and price declines.(d)production falls and price increases.22.Ad valorem tariffs are collected as a(a)lump sum. (b)percent of product price.(c)percent of import volume.(d)percent of distance shipped.23.Specific tariffs are collected as a (a)lump sum.(b)percent of product price.(c)percent of import volume.(d)percent of distance shipped.24.The U.S. imposes the following types of tariffs:(a)specific tariffs.(b)ad valorem tariffs.(c)compound tariffs. (d)all of the above.25.A prohibitive tariff: (a)has protective effects but provides no revenue.(b)has no protective effects and provides no revenue.(c)does not provide revenue or protect domestic activities.(d)provides protection and revenue.26.The U.S. imposes tariffs on:(a)exports and imports. (b)imports only.(c)exports only.(d)domestic import-competing goods.27.An increase in demand for the imported good subject to a tariff:(a)reduces the domestic quantity demanded.(b)reduces the domestic price of the good.(c)reduces domestic production of the good. (d)increases imports.28.The tariff rate that maximizes the difference between an improvement in terms of trade and loss of real income due to the trade volume decline is:(a)a maximum revenue tariff.(b)a scientific tariff. (c)an optimum tariff.(d)a compound tariff.29.According to the Stolper-Samuelson theorem, which of the following stands to benefit from protection?(a)the relatively abundant factor. (b)the relatively scarce factor.(c)the fixed factor in the expanding sector.(d)the fixed factor in the contracting sector.30.Which of the following stands to benefit from protection in the short run?(a)the relatively abundant factor.(b)the relatively scarce factor. (c)the factor spec