中南财大国际经济学双语期末试卷

1、中南财经政法大学一一学年第一-学期期末测试试卷国际经济学闭卷卷1, UnderRicardianmodel,Ifonecountry'swagelevelisveryhighrelativetotheother's(therelativewageexceedingtherelativeproductivityratios),then()A. itisnotpossiblethatproducersineachwillfindexportmarketsprofitable.B. itisnotpossiblethatconsumersinbothcountrieswillenha

2、ncetheirrespectivewelfaresthroughimports.C. itisnotpossiblethatbothcountrieswillfindgainsfromtrade.D. itispossiblethatbothwillenjoytheconventionalgainsfromtrade.2, AccordingtoRicardo,acountrywillhaveacomparativeadvantageintheproductinwhichits()A. laborproductivityisrelativelylow.B. laborproductivity

3、isrelativelyhigh.C. labormobilityisrelativelylow.D. labormobilityisrelativelyhigh.3, IfAustraliahasmorelandperworker,andBelgiumhasmorecapitalperworker,theniftradeweretoopenupbetweenthesetwocountries,()A. Australiawouldexporttheland-intensiveproduct.B. Belgiumwouldimportthecapital-intensiveproduct.C.

4、 Bothcountrieswouldexportsomeofeachproduct.D. TradewouldnotcontinuesinceBelgiumisasmallercountry.4, UnderTheSpecificFactorsmodel,Attheproductionpointtheproductionpossibilityfrontieristangenttoalinewhoseslopeis()A. thepriceofmanufactures.B. therelativewage.C. therealwage.D. therelativepriceofmanufact

5、ures.5, TheHeckscher-Ohlinmodelpredictsallofthefollowingexcept:A. whichcountrywillexportwhichproduct.()B. whichfactorofproductionwithineachcountrywillgainfromtrade.C. thevolumeoftrade.D. thatwageswilltendtobecomeequalinbothtradingcountries.6, IfPc/Pfweretoincreaseintheinternationalmarketplace,then()

6、A. allcountrieswouldbebetteroff.B. thetermsoftradeofclothexportersimprove.C. thetermsoftradeoffoodexportersimprove.D. thetermsoftradeofallcountriesimprove.7, Whentheproductionpossibilityfrontiershiftsoutrelativelymoreinonedirection,wehave()A. biasedgrowth.B. unbiasedgrowth.C. immiserizinggrowth.D. b

7、alancedgrowth.8, IfSloveniawerealargecountryinworldtrade,thenifitinstitutedalargesetofsubsidiesforitsexports,thismust()A. causeretaliationonthepartofitstradepartners.B. harmSlovenia'srealincome.C. improveSlovenia'srealincome.D. improvetherealincomeofitstradepartners.9, Alowertariffonimported

8、steelwouldmostlikelybenefit()A. foreignproducersattheexpenseofdomesticconsumers.B. domesticmanufacturersofsteel.C. domesticconsumersofsteel.D. workersinthesteelindustry.10, IfthepoorAID(aidofinternationaldevelopment)recipientcountrieshaveahighermarginalpropensitytoconsumeeachandeveryproductthandoest

9、heUnitedStates,thensuchaidwill()A. worsentheU.S.termsoftrade.B. improvetheU.S.termsoftrade.C. leavetheworldtermsoftradeunaffected.D. worsenthetermsoftradeofbothdonorandrecipientcountries.11, Alargecountryexperiencingimport-biasedeconomicgrowthwilltendtoexperience()A. nochangeintermsoftrade.B. deteri

10、oratingtermsoftrade.C. improvingtermsoftrade.D. immiserizingtermsoftrade.12, Themostcommonformofpricediscriminationininternationaltradeis()A. non-tariffbarriers.B. VoluntaryExportRestraints.C. dumping.D. preferentialtradearrangements.13, Anappreciationofacountry'scurrency()A. decreasestherelativ

11、epriceofitsexportsandlowerstherelativepriceofitsimports.B. raisestherelativepriceofitsexportsandraisestherelativepriceofitsimports.C. lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.D. raisestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.14, UnderPurchasing

12、PowerParity,A. E$/e=Pus/Pe.B. E$/e=Pe/Pus.C. E$/e=Pus/Pe.D. E$/e=Pe/Pus.15, Underthemonetaryapproachtotheexchangerate,A. areductioninthemoneysupplywillcauseimmediatecurrencydepreciation.B. ariseinthemoneysupplywillhavenoeffectonexchangerate.C. ariseinthemoneysupplywillcauseimmediatecurrencyappreciat

13、ion.D. ariseinthemoneysupplywillcauseaproportionallong-runcurrencydepreciation.16, WhenEP*/Prises,A. IMwillrise.B. IMmayriseorfall.C. IMwillfall.D. IMisnotaffected.17, Intheshortrun,atemporaryincreaseinfiscalpolicycausesA. ashiftoftheDDcurvetotheleft,anincreaseinoutput,andcurrencyappreciation.B. ash

14、iftoftheDDcurvetotheright,anincreaseinoutput,andcurrencyappreciation.C. ashiftoftheDDcurvetotheright,anincreaseinoutput,andcurrencydepreciation.D. ashiftoftheDDcurvetotheleft,adecreaseinoutput,andcurrencydepreciation.18, Howdoesariseinrealincomeaffectaggregatedemand?A.YYdImCAAD,butYYdCADbymoreB.YYdI

15、mCAAD,butYYdCADbymoreC.YYdImCAAD,andYYdCAD.D.YYdImCAAD,butYYdCADbyless.19, Underfixedrates,whichoneofthefollowingstatementsisthemostaccurate?A. Monetarypolicycanaffectonlyoutput.B. Monetarypolicycanaffectonlyemployment.C. Monetarypolicycanaffectonlyinternationalreserves.D. Monetarypolicycannotaffect

16、internationalreserves.20, Underfixedexchangerate,whichoneofthefollowingstatementsisthemostaccurate?A. Devaluationcausesariseinoutput.B. Devaluationcausesadecreaseinoutput.C. Devaluationhasnoeffectonoutput.D. Devaluationcausesariseinoutputandadecreaseinofficialreserves.得分评卷人,Simplequestions共5题,每题6分1,

17、AnEconomycanproducegoodsAusinglaborandcapitalandgoodsBusinglaborandland.CalculatetheeffectsofthefallintherelativepriceofgoodsBontheincomeofthespecificfactorscapitalandland.2, supposethatonecountrysubsidizesitsexportsandtheothercountryimposesacountervailingtariffthatoffsetsitseffect,sothatintheendrel

18、ativepriceinthesecondcountryareunchanged.Whathappenstothetermsoftrade?Whataboutwelfareinthetwocountries?3, DescribethepatternoftradeunderH-Omodel.4, Internationaltradeleadstocompleteequalizationoffactorprices.Discuss.5, WhatistheFisherEffect?Provideanexample.6,SupposeEisfixedatE0andthattheassetmarke

19、tsareinequilibrium.Suddenlyoutputrises.Whatmonetarymeasureskeepthecurrentexchangerateconstantgivenunchangedexpectationsaboutthefuturerate?得分评卷人三.Quantitative/GraphingProblems共1题,10分Asmallcountryimportspeanutsatthepriceof$10perbag.ThedemandcurveisD=400-10P.ThesupplycurveisS=50+5PDeterminethefreetrade

20、equilibrium.Thencalculateandgraphthefollowingeffects:A: TheincreaseinthedomesticpriceB: ThequotarentsC: TheconsumptiondistortionlossD: Theproductiondistortionloss.得分评卷人四.EssayQuestions共2题,每题10分1,Comparingtheinterindustrytradeandintraindustrytrade.2, Constructatablethatwillsummarizetheeffectsofmoneym

21、arketandoutputmarketchangesonthelong-runnominaldollar/euroexchangerate.中南财经政法大学学年第-学期期末测试答案和评分标准课程名称：?国际经济学?卷课程代号：02021020测试形式：闭卷使用对象：.选择题每题2分题号1234567891011121314151617181920答案DBADCBADCBCCDCDBBACA二.简做题每题5分1,BecausegoodBusesland,afallinitsrelativepricewillresultinafallinrentalratesonland,andanincrea

22、seinthereturntocapital.2,Thefirstcountryisworseoffbysubsidyandaforeigntariffwhilethesecondoneisbetteroffbysubsidyinthefirstoneanditsowntariff.3, Countriestendtoexportgoodswhoseproductionisintensiveinfactorswithwhichtheyareabundantlyendowed.4,Thisstatementistypically"truebut".Underastrictan

23、dlimitedsetofassumptions,suchastheoriginalHeckscher-Ohlinmodelwhichexcludescountryspecifictechnologies;non-homothetictastes;factorintensityreversals;largecountrydifferencesinrelativefactorabundances,andmorefactorsthangoods,thenitmaybedemonstratedthatinternalconsistencydemandsthattheabovestatedsenten

24、ceis"true".However,theminuteonerelaxesanyoftheabovelistedassumptionsonemayeasilyidentifysolutions,whichcontradictthefactorpriceequalizationtheorem.5, Allelseequal,ariseinacountry'sexpectedinflationratewilleventuallycauseanequalriseintheinterestratethatdepositsofitscurrencyoffer.Similar

25、ly,afallintheexpectedinflationratewilleventuallycauseafallintheinterestrate.6, ?Sinceoutputrises,demandfordomesticmoneyrises;thisincreaseinmoneydemandnormallypushesthedomesticinterestrateupwards.TopreventappreciationofhomecurrencygivenE0isexpectedthecentralbankbuysforeignassetsinforeignexchangemarket.?Thiseliminatesexcessdemandfordomesticmoneybecausethecentralbankissuesmoneytopayfortheforeignassetsitbuys.?Thebankincreasesthemoneysupplyinth