国际经济学B卷

1、昆明学院 学年 学期期末考试卷（ B 卷）考试科目 国 际 经 济 学 经 济 系 国际经济与贸易 专业 级 班学生姓名 学号 任课教师 教研室主任 题号一 二 三 四 五 六 七 八 九 十 总 分评分 Please finish all materials in the ANSWER SHEET Key Terms Explanation （5% for each terms, total 20%）1、Rybczynski Theorem2、Trade creation 3、The Fisher effect4、The real interest parity condition Mult

2、iple Choice Questions (Each question just has only ONE correct answer)（30%）.A sudden shift from import tariffs to free trade may cause short-term unemployment in(a)import competing industries.(b)exporting industries.(c)industries that neither import nor export.(d)service industries(e)None of the abo

3、ve.Given the following information:Number of Units Produced by one Unit of LaborClothWidgetsHome1020Foreign6030(a)Neither country has a comparative advantage.(b)Home has a comparative advantage in cloth.(c)Foreign has a comparative advantage in cloth.(d)Foreign has a comparative advantage in widgets

4、.(e)Home has a comparative advantage in both products.In a two-country, two-product world, the statement “Germany enjoys a comparative advantage over France in autos relative to ships” is equivalent to(a)France having a comparative advantage over Germany in ships.(b)France having a comparative disad

5、vantage compared to Germany in autos and ships.(c)Germany having a comparative advantage over France in autos and ships.(d)France having no comparative advantage over Germany.(e)None of the above.One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by

6、 assuming that _ is (are) identical in all countries.(a)factor of production endowments(b)scale economies(c)factor of production intensities(d)technology(e)opportunity costs.If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade were to op

7、en up between these two countries,(a)the relative price of the capital-intensive product would rise in Australia.(b)the world price of the land-intensive product would be higher than it had been in Belgium.(c)the world price of the land intensive product would be higher than it had been in Australia

8、.(d)the relative price of the land intensive product would rise in Belgium.(e)None of the above.If points a and b are both on the production possibility frontier of a country, then(a)consumers are indifferent between the two bundles.(b)producers are indifferent between the two bundles.(c)at any poin

9、t in time, the country could produce both.(d)Both cost the same.(e)The country could produce either of the two bundles.Immiserizing growth could occur to(a)a poor country experiencing export-biased economic growth.(b)a poor country experiencing import-biased economic growth.(c)a poor country experie

10、ncing growth in its non-traded sector.(d)a poor country experiencing capital-intensive biased growth.(e)None of the above. Where there are economies of scale, an increase in the size of the market will(a)increase the number of firms and raise the price per unit.(b)decrease the number of firms and ra

11、ise the price per unit.(c)increase the number of firms and lower the price per unit.(d)decrease the number of firms and lower the price per unit.(e)None of the above. Intra-industry trade is most common in the trade patterns of(a)developing countries of Asia and Africa.(b)industrial countries of Wes

12、tern Europe.(c)all countries.(d)North-South trade.(e)None of the above.10 .The effective rate of protection measures(a)the “true” ad valorum value of a tariff.(b)the quota equivalent value of a tariff.(c)the efficiency with which the tariff is collected at the customhouse.(d)the protection given by

13、the tariff to domestic value added.(e)None of the above.11. If the U.S. (a large country) imposes a tariff on its imported good, this will tend to(a)have no effect on terms of trade.(b)improve the terms of trade of all countries.(c)improve the terms of trade of the United States.(d)cause a deteriora

14、tion of U.S. terms of trade.(e)raise the world price of the good imported by the United States.12.Should the home country be “large” relative to its trade partners, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms of the trade rectangle exceed the sum

15、of the(a)revenue effect plus redistribution effect.(b)protective effect plus revenue effect.(c)consumption effect plus redistribution effect.(d)protective distortion effect plus consumption distortion effect.(e)None of the above.13.Which of the following statements is the most accurate?(a)A rise in

16、the interest rate offered by dollar deposits causes the dollar to appreciate.(b)A rise in the interest rate offered by dollar deposits causes the dollar to depreciate.(c)A rise in the interest rate offered by dollar deposits does not affect the U.S. dollar.(d)For a given euro interest rate and const

17、ant expected exchange rate, a rise in the interest rate offered by dollar deposits causes the dollar to appreciate.(e)None of the above.14.If the goods money prices do not change, an appreciation of the dollar against the pound(a)Makes British sweaters cheaper in terms of American jeans(b)Makes Brit

18、ish sweaters more expensive in terms of American jeans(c)Doesnt change the relative price of sweaters and jeans(d)Makes American jeans cheaper in terms of British sweaters(e)None of the above15.The PPP theory fails in reality because(a)Transport costs and restrictions on trade(b)Monopolistic or olig

19、opolistic practices in goods markets(c)The inflation data reported in different countries are based on different commodity baskets.(d)(a), (b), and (c)(e)(a) and (b) only16.A rise in(a)real GNP decreases aggregate real money demand for a given interest rate, moving the L(R,Y) schedule to the right.(

20、b)real GNP raises aggregate real money demand for a given interest rate, moving the L(R,Y) schedule to the left.(c)real GNP raises aggregate real money demand for a given interest rate, moving the L(R,Y) schedule to the right.(d)nominal GNP raises aggregate real money demand for a given interest rat

21、e, moving the L(R,Y) schedule to the right.(e)real GNP raises aggregate nominal money demand for a given interest rate, moving the L(R,Y) schedule to the right.17.A change in the level of the supply of money(a)increases the long-run values of the interest rate and real output.(b)decreases the long-r

22、un values of the interest rate and real output.(c)has no effect on the long-run value of only the interest rate.(d)has no effect on the long-run values of only real output.(e)has no effect on the long-run values of the interest rate and real output.18.When the domestic money prices of goods are held

23、 constant(a)A nominal dollar appreciation makes U.S. goods cheaper compared with foreign goods(b)A nominal dollar depreciation makes U.S. goods cheaper compared with foreign goods(c)A nominal dollar appreciation makes U.S. goods more expensive compared with foreign goods(d)(a) and (c) only(e)(b) and

24、 (c) only19.The J-curve illustrates which of the following?(a)The effects of depreciation on the home countrys economy(b)The immediate increase in current account caused by a currency depreciation(c)The gradual adjustment of home prices to a currency depreciation(d)The short-term effects of deprecia

25、tion on the current account(e)The Keynesian view of international trade dynamics20.If the representative basket of European goods and services costs 40 euros, the representative U.S. basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European basket in terms

26、 of U.S. basket is(a)(0.9 $/euro) (40 euro per a European basket)/(50 $/U.S. basket)(b)(0.9 $/euro) (50 $/U.S. basket)/(40 euro per a European basket)(c)(40 euro per a European basket)/(50 $/U.S. basket) (0.9 $/euro)(d)(50 $/U.S. basket)(e)(0.9 $/euro) (40 euro per a European basket)/(50 $ U.S. bask

27、et).Calculating Problems （10%）1、Given the following information: （5 points）Unit Labor RequirementsClothWidgetsHome100200Foreign6030What is the opportunity cost of Cloth in terms of Widgets in Foreign?2、Fill in the following table, assuming the law of one price prevails. （5 points）Price in the United

28、 States of a Sweater Expressed in Dollars, PiUSPrice in Europe Expressed in Euro, PiEExchange Rate between the Dollar and the Euro, E$/E25320.78125350.4554650.650.850.Short Answer Questions (20%)1. Answer the questions according to the following figure which showing the Costs and Benefits of Import

29、Tariff. (10%)PSHDHPSP*sPWbdcaefgsubsidyexportQ1) How much does the domestic consumer gain or loss if the home country offers an export subsidy? (2%)2) How much does the domestic producer gain or loss if the home country offers an export subsidy? (2%)3) How much does the domestic government gain or loss if the hom