国际经济学模拟试题(英文)含答案

1、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 is t

2、angent 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

3、 would be 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

4、resulting in a 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 nation's balance of payments account.8. david hume was one of the first economists to provide analytical support for merca

5、ntilist trade policies.9. 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 d

6、eficit is said to be in internal 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 on

7、ly the most efficient nations can benefit 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

8、showing thata. a nation must be the least-cost producer 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 benefi

9、t by exporting the item in which it is relatively 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 l

10、abor a country has 5. to maximize its satisfaction, a nation 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

11、 its production possibilities frontier and intersects an indifference 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 equ

12、alization predicts that with international tradea. the price of a nations 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 ris

13、e d. the prices of a nations abundant and scarce factors both will 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

14、value-added for domestic production that a particular tariff structure makes 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 w

15、orld bank 9. developing nationsa. have very limited involvement in international 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

16、tariffs on trade among member nations b. has no tariffs on trade among member nations and a 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

17、 and capital among members d. allows unrestricted labor immigration from non-member nations 11. a nation's balance of payments statement a. is a record of that nation's assets abroad and its liabilities to those from other nations b. is an accounting adjustment process ensuring that a n

18、ation's exports will be equal to its imports c. does not include transactions of foreign citizens or companies 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. 

19、since balance-of-payments accounting is a double-entry accounting system, an export of u.s. wheat to mexico paid for by 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 financi

20、al flows b. a credit for merchandise exports and a debit to short-term financial flows. c. a credit for merchandise exports 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

21、a market in chicago for the international trading of commodities such as wheat or copper. c. is a mechanism for individuals 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, m

22、onday through friday. 14. market fundamentals that might be expected to influence exchange rate movements include all of the following factors excepta. differences in real income growth rates between countries b. differences in real interest rates between countries c. speculative opinion about

23、future exchange rates d. changes in perceived profitability of economic investments between two countries 15. if inflation is higher 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 aut

24、os purchased in mexico would be higher than the dollar price of comparable autos purchased in the united states c. the peso would appreciate 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 do

25、llar by an amount equal in percentage terms to the difference between the two inflation rates 三、questions（45, answer these questions in 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-

26、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 terms 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 the

27、se relative prices suggest about the world price of butter relative to cloth that will exist once these countries trade with each other?(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? 2. explain the immiserizi

28、ng growth and list the case for immiserizing growth to be occur. (8)3. explain the exchange rate overshooting theory (8)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 i

29、n the united states and 4 percent in the united kingdom.(9)(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?5. what effects does labor migration 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三、简答题（共45分） 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