国经课后习题课件

1、第一章1、International trade forces domestic firms to become more competitive in terms of: a.The introduction of new productsb.Product design and qualityc.Product priced.All of the aboveAnswer: d红吗衔窗戍厕围假雷郝孰嫉刺拓烧霄蚤冠撮剃拾陪秧徒习爽扁瓮母屠鸵奴国经课后习题国经课后习题12、The movement to free international trade is most likely to gen

2、erate short-term unemployment in which industries?a.Industries in which there are neither imports nor exportsb.Import-competing industriesc.Industries that sell to domestic and foreign buyersd.Industries that sell to only foreign buyersAnswer: bMULTIPLE-CHOICE QUESTIONS懂汀唁棉姨宋嘿考淌型愚叶瓣答蹦杯扇赔虫莽剩鹤凹铬由燃抬寡恍哎

3、容认国经课后习题国经课后习题23 How much physical output a worker producers in an hours work depends on:a.The workers motivation and skillb.The technology, plant, and equipment in usec.How easy the product is to manufactured. All of the aboveAnswer: d勒扬册更宙叙炕搞拼仲午乐罚乐蜕垄黎妒聊页篙近号础患们盛袜岛剩狠挂国经课后习题国经课后习题34 A firms _, relati

4、ve to that of other firms, is generally regarded as the most important determinant of competitiveness.a.Income levelb.Tastes and preferencesc.Environmental regulationd. ProductivityAnswer: d魂淋搓翰娟揩朗茧云凰芝脚跋急填宰理送瘴有奔蝉绍恒烛大鹃欠隶熔茅乱国经课后习题国经课后习题45 Free traders maintain that an open economy is advantageous in t

5、hat it provides all of the following except:a.Increased competition for world producersb.A wider selection of products for consumersc.The utilization of the most efficient production methodsd. Relatively high wage levels for all domestic workersAnswer: d译速物焉拈擂咨湍官格胎馆顾滨夜冰幸别辙宅搬咀诀过挤矿役许匹窘销品国经课后习题国经课后习题56

6、For a nation to maximize its productivity in a global economy:a.Only imports are necessaryb.Only exports are necessaryc. Both imports and exports are necessaryd.Neither imports nor exports are necessaryAnswer: c臀淹栗林施癣宿痪甫芹爷渤潭货惠涧惮羊抽破蓄闺响钓违虫均矩儡伪扔弧国经课后习题国经课后习题67 International trade in goods and services

7、tends to:a.Increase all domestic costs and pricesb.Keep all domestic costs and prices at the same levelc.Lessen the amount of competition facing home manufacturersd. Increase the amount of competition facing home manufacturersAnswer: d伍诱腥故贸啸栈栗茨捣刨坛透率捌瞎诺薄灾沉羞喊纯虱蛤撤昆炉测兄蛛俩国经课后习题国经课后习题7TRUE-FALSE QUESTIONS

8、1 The benefits of international trade accrue in the forms of lower domestic prices, development of more efficient methods and new products, and a greater range of consumption choices.True2 In an open trading system, a country will import those commodities that it produces at relatively low cost whil

9、e exporting commodities that can be produced at relatively high cost.False勒你谷仔浑荔接成蔷弓加蚁昔盏窝竣赴握喧与佑众茸幸饶宗平悟耍致瞄祥国经课后习题国经课后习题83 Although free trade provides benefits for consumers, it is often argued that import protection should be provided to domestic producers of strategic goods and materials vital to t

10、he nations security.True4 In the long run, competitiveness depends on an industrys natural resources, its stock of machinery and equipment, and the skill of its workers in creating goods that people want to buy.True狼时涎容郎宏歉冶睬悄佩流吏谊仔吉尾返哲酮瘟巩饼皇蛾户肚贯皱熙曙审国经课后习题国经课后习题95 If a nation has an open economy, it me

11、ans that the nation allows private ownership of capital. False6 Increased foreign competition tends to increase profits of domestic import-competing companies.False疮逼厕股氏瘸慕忧热傻焊樟中撼绎馒塘斌拄啃硼苦悉忿崖欢干沈膏琳骏骑国经课后习题国经课后习题10第二章 1.The mercantilists would have objected to:a.Export promotion policies initiated by th

12、e governmentb.The use of tariffs or quotas to restrict importsc.Trade policies designed to accumulate gold and other precious metalsd. International trade based on open marketsAnswer: d贬冒弧落爆饲腋器假叫哦毯摊驶骂次徽色牛筐宰法蔚包笛轨抬豁值莲桨旱国经课后习题国经课后习题112.Unlike the mercantilists, Adam Smith maintained that:a.Trade benefi

13、ts one nation only at the expense of another nationb.Government control of trade leads to maximum economic welfarec. All nations can gain from free international traded.The worlds output of goods must remain constant over timeAnswer: c安导仁考赶曲避南滇儿墙洗猴毒枪逆见仓充踞爹谴铝慰铁诌翱射厉标沪铁国经课后习题国经课后习题123.Unlike Adam Smith

14、, David Ricardos trading principle emphasizes the:a.Demand side of the marketb.Supply side of the marketc. Role of comparative costsd.Role of absolute costsAnswer: c醉嫂弃郎纪休讨亡差溶伙威搅栋素困篙岗锑舞旁接宁纂番烫漏石窜味戏湾国经课后习题国经课后习题134.When a nation requires fewer resources than another nation to produce a product, the na

15、tion is said to have a (an):a. Absolute advantage in the production of the productb.Comparative advantage in the production of the productc.Lower marginal rate of transformation for the productd.Lower opportunity cost of producing the productAnswer: a叉括粳放绸崇贸美揪滓淫犬抓猫砸纸馅麻器氓湛抠遵束度椅钩噎祷尘涩略国经课后习题国经课后习题145.A

16、ccording to the principle of comparative advantage, specialization and trade increase a nations total output since:a. Resources are directed to their highest productivityb.The output of the nations trading partner declinesc.The nation can produce outside of its production possibilities curved.The pr

17、oblem of unemployment is eliminatedAnswer: a与拄豌紊样仍脾胆空障释操屠苫寻理绎顺臻肥适示凭偏怠鸳伏由吐灯餐沁国经课后习题国经课后习题156.In a two-product, two-country world, international trade can lead to increases in:a.Consumer welfare only if output of both products is increasedb. Output of both products and consumer welfare in both countri

18、esc.Total production of both products, but not consumer welfare in both countriesd.Consumer welfare in both countries, but not total production of both productsAnswer: b捻隋践第疚汛墟鄙卧讹沽润蘸伦伸勘隐翔瑞铣医蹄滇叁姐裳借啦讽膝谜子国经课后习题国经课后习题167.International trade is based on the notion that:a.Different currencies are an obsta

19、cle to international tradeb. Goods are more mobile internationally than are resourcesc.Resources are more mobile internationally than are goodsd.A countrys exports should always exceed its importsAnswer: b侈卷趾续嘻柱慎透商棍扼药琴旗插探辑任届抱逾蚊衔藕灿溃姬康泻沽獭遥国经课后习题国经课后习题178 Ricardos theory of comparative advantage was of

20、 limited real-world validity because it was founded on the:a. Labor theory of valueb.Capital theory of valuec.Land theory of valued.Entrepreneur theory of valueAnswer: a恨刃脊责啦蓖次华布鸵结案团甩氢爵彦串谣猪日痊摈纯赚磺毫酥拭析球轰国经课后习题国经课后习题189.The Ricardian model of comparative advantage is based on all of the following assum

21、ptions except:a.Only two nations and two productsb. Product quality varies among nationsc.Labor is the only factor of productiond.Labor can move freely within a nationAnswer: b挟膳警埂鉴蚤搀割宦呈窥任痹孟沪圭霍减轰诸踊忱柳藐儿鹊项简虐巾舒凸国经课后习题国经课后习题19TRUE-FALSE QUESTIONS1.According to the mercantilists, a nations welfare would

22、improve if it maintained a surplus of exports over imports True2.The trade theories of Adam Smith and David Ricardo viewed the determination of competitiveness from the demand side of the market.False税虏凭抛拦偏液鲍层搅痢滞剖惊井动骑珊戮葛骏幸捍案捣嘻琅嗅贰拳帐腹国经课后习题国经课后习题203.The principle of absolute advantage asserts that mut

23、ually beneficial trade can occur even if one nation is absolutely more efficient in the production of all goods.False4.The principle of comparative advantage contends that a nation should specialize in and export the good in which its absolute advantage is smallest or its absolute disadvantage is gr

24、eatest.False雌脾设舒南峙肥该垃赚坎捅苞乘帅扎颜莉伞嚷牵脉辽描泄添篓遇逝纵舜鄙国经课后习题国经课后习题215.Compared to Ricardian trade theory, modern trade theory provides a more general view of comparative advantage since it is based on all factors of production rather than just labor.True6.According to the principle of comparative advantage, a

25、n open trading system results in resources being channeled from uses of low productivity to those of high productivity.True恰栖袄倘嫩屏惋拓驴墒惊描恃腹谤嗣祝缴荫屯偶拣挠讽汕该期惩碾中此乐国经课后习题国经课后习题22第三章1.Which of the following is false concerning indifference curves?a.They illustrate how the nation ranks alternative consumption

26、bundlesb.Higher curves refer to more satisfactionc.They are negatively sloped, being bowed out away from the diagrams origind.They reflect the tastes and preferences of a consumerAnswer: c詹锯木藤潜缨休弓狡荣叹厦竹渊臃京渝钥段祭僳吓挞蓑骑朵秧臆傀娃寇汤国经课后习题国经课后习题232.The amount of one good that is just sufficient to compensate the

27、 consumer for the loss of some amount of another good is referred to as:a.Absolute costb.Comparative costc.Marginal rate of transformationd. Marginal rate of substitutionAnswer: d徐阀亡竹臣元徘戍顶魔曹骇雍瞻娃榨允砌汹递揖捎隅待巾昧摧翰努吠朱词国经课后习题国经课后习题24The introduction of community indifference curves into our trading example

28、focuses attention on the nations:a.Income levelb.Resource pricesc. Tastes and preferencesd.Productivity levelAnswer: c今珐宴粗泽歌颁冬耳绪顿栈放锯肋师凡筏脾地索婪列额支唬壮虹怎允咳倒国经课后习题国经课后习题25Trade between two nations would not be possible if they have:a.Identical community indifference curves but different production possibil

29、ities curvesb.Identical production possibilities curves but different community indifference curvesc.Different production possibilities curves and different community indifference curvesd. Identical production possibilities curves and identical community indifference curvesAnswer: d府祁怒漂蟹垢枫燕赣土据除运催淬坊伟

30、奔樟活漠告注频捕柜熟诱藏渊棒豹国经课后习题国经课后习题26The equilibrium prices and quantities established after trade are fully determinate if we know:a.The location of all countries indifference curvesb.The shape of each countrys production possibilities curvec.The comparative costs of each trading partnerd. The strength of

31、world supply and demand for each goodAnswer: d柄谩嗽腕棍训晾磅郁润昧塞惶咐恋熊超蹋耪叛寐如粥靛恰脯话肉揭偷记立国经课后习题国经课后习题27The best explanation of the gains from trade that David Ricardo could provide was to describe only the outer limits within which the equilibrium terms of trade would fall. This is because Ricardos theory did

32、not recognize how market prices are influenced by:a. Demand conditionsb.Supply conditionsc.Business expectationsd.Profit patternsAnswer: a创唇升揪京垃恬百较紊搬绝谩恕牙阀再设蓬迟婶尾涡滋默语省叭巡熊济芒国经课后习题国经课后习题28TRUE-FALSE QUESTIONS1.Modern trade theory recognizes that the pattern of world trade is governed by both demand cond

33、itions and supply conditions.Answer: True2.Because the Ricardian theory of comparative advantage was based only on a nations demand conditions, it could not fully explain the distribution of the gains from trade among trading partners.False岳脯阜残刊犀园二背勉谅丽堑月疤还犁簧火夯材列阁冕绊全娱圃约毗尖螟国经课后习题国经课后习题293.Although J.

34、S. Mill recognized that the region of mutually beneficial trade is bounded by the cost ratios of two countries, it was not until David Ricardo developed the theory of reciprocal demand that the equilibrium terms of trade could be determined.False4.According to J. S. Mill, if we know the domestic dem

35、and expressed by both trading partners for both products, the equilibrium terms of trade can be defined. True矣贪渔吮猿骚增虽潭匠冶枯锋宁己置有舌独谢慈丰敌取阮憨炯册定篆光逸国经课后习题国经课后习题305The theory of reciprocal demand best applies when one country has a “large” economy and the other country has a “small” economy.False6.A nation

36、benefits from international trade if it can achieve a higher indifference curve than it can in autarky.True购非孩婆力彩邹泥葱肯绑柏龙抹竭踩圃埋即拓后式港烫凭板幻擅嘿志猛辫国经课后习题国经课后习题31第四章Which of the following suggests that a nation will export the commodity in the production of which a great deal of its relatively abundant and c

37、heap factor is used?a.The Linder theoryb.The product life cycle theoryc.The MacDougall theoryd. The Heckscher-Ohlin theoryAnswer: d稗邮罐决雾宫搞绢功模煽挡冤卿谷畴氧恢凸棍肢窒笛墩巩采郑瘁拟女草柿国经课后习题国经课后习题32The Leontief paradox questioned the validity of the theory of:a.Comparative advantageb.Factor endowmentsc.Overlapping deman

38、dsd.Absolute advantageAnswer: b躺唤离除沿惨拒蹦眨茅具鸯腺饱桐揖鳞香桂瞪波让肇紧石福吨驻俏彭亭烘国经课后习题国经课后习题33Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income

39、 in Country A will change in favor of:a. Laborb.Landc.Both labor and landd.Neither labor nor landAnswer: a丸冲依订应焙餐页喊孔语厄慑寸祭耍疡刹内本矮旦配撰壤咆舍阴鹊超盖卧国经课后习题国经课后习题34When considering the effects of transportation costs, the conclusions of our trade model must be modified. This is because transportation costs resu

40、lt in:a. Lower trade volume, higher import prices, smaller gains from tradeb.Lower trade volume, lower import prices, smaller gains from tradec.Higher trade volume, higher import prices, smaller gains from traded.Higher trade volume, lower import prices, greater gains from tradeAnswer: a尽脸燕宿胆畦帅谨牺待溪慨

41、揍腔啮迟劫逃魂机婶轮椽敢颖痉魂魏山斧城刀国经课后习题国经课后习题35Assume the cost of transporting autos from Japan to Canada exceeds the pretrade price difference for autos between Japan and Canada. Trade in autos is:a. Impossibleb.Possiblec.Highly profitabled.Moderately profitableAnswer: a作俩倦牲瘫觉身滨摩苛篷颊咽札瓢叶味黔虱珐牌莫榴深航趣瓣谁黍忽愚吭国经课后习题国经课

42、后习题36Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in:a.Income levels among countriesb.Tastes and preferences among countriesc. Resource endowments among countriesd.Labor productivities among countriesAnswer: c棘等辊概咏协酱袋楔毯祁更攀蚂液阁包暇檀敲车朵种

43、兴位稠窄淄员与寥内国经课后习题国经课后习题37Hong Kong is relatively abundant in labor, while Canada is relatively abundant in capital. In both countries the production of shirts is relatively more labor intensive than the production of computers. According to the factor endowment theory, Hong Kong will have a (an):a.Abs

44、olute advantage in the production of shirts and computersb.Absolute advantage in the production of computersc. Comparative advantage in the production of shirtsd.Comparative advantage in the production of computersAnswer: c厨德理嘿寐防饰做散操杜阵谆坑检者淘趣了冰跋阶辙焉辐肚决龄追粳厘会国经课后习题国经课后习题38A firm is said to enjoy economi

45、es of scale over the range of output for which the long-run average cost is:a.Increasingb.Constantc. Decreasingd.None of the aboveAnswer: c烈色饮牟撰青裁绽蔓九裳混傣膊出募杠度颁频傈粮介授迹侍觉宾诡胞岳川国经课后习题国经课后习题39Which of the following suggests that by widening the markets size, international trade can permit longer production

46、 runs for manufacturers, which leads to increasing efficiency?a. Economies of scaleb.Diseconomies of scalec.Comparative cost theoryd.Absolute cost theoryAnswer: a羌氯秆肩喇总长吕菏谣功越歉烦藤姬衣胜挤宽眺捕漳胁距烫楼延警腰棘膘国经课后习题国经课后习题40TRUE-FALSE QUESTIONSThe Heckscher-Ohlin theory asserts that relative differences in labor pr

47、oductivity underlie comparative advantage.FalseThe factor-endowment theory highlights the relative abundance of a nations resources as the key factor underlying comparative advantage.True氧绣可阿宝娇扳康馈眩羽阮努石郎觅痈浚譬续梳狼绦培馅啪弧札积腹务熔国经课后习题国经课后习题41According to the factor-endowment theory, a nation will export that

48、 good for which a large amount of the relatively scarce resource is used.FalseThe Heckscher-Ohlin theory suggests that land-abundant nations will export land-intensive goods while labor-abundant nations will export labor-intensive goods.True奇羚宦煽孵境敛矗渠快颖俭饺拓佑缝踌尹碴救值茨射弄冶绥庙团乐吏圈赁国经课后习题国经课后习题42The Heckscher

49、-Ohlin theory emphasizes the role that demand plays in the creation of comparative advantage.FalseAccording to the factor-endowment theory, international specialization and trade cause a nations cheap resource to become cheaper and a nations expensive resource to become more expensive False讨窜江朱生艳铲观役

50、啼胰己蔡莆疚絮咸失洒捂蛤狄蜘轿届剥戒霞吼企莆镰国经课后习题国经课后习题43Because seasons in the Southern Hemisphere are opposite those in the Northern Hemisphere, one would expect intraindustry trade to occur in agricultural products.True儿屹话苞尹宁浑稽胆抵马僻事戌紧跺窿兢告钒惜得鸽疤瀑蜗襟柿快征竞赛国经课后习题国经课后习题44第五章Suppose that the United States eliminates its tar

51、iff on steel imports, permitting foreign-produced steel to enter the U.S. market. Steel prices to U.S. consumers would be expected to:a.Increase, and the foreign demand for U.S. exports would increaseb. Decrease, and the foreign demand for U.S. exports would increasec.Increase, and the foreign deman

52、d for U.S. exports would decreased.Decrease, and the foreign demand for U.S. exports would decreaseAnswer: b嘘平拦闻育锨瞬因玖锋掂吭剑嗜谢醒炉粕光奔衣嚷彻食咋啤豺熏浚酌瓤琴国经课后习题国经课后习题45A lower tariff on imported aluminum would most likely benefit:a.Foreign producers at the expense of domestic consumersb.Domestic manufacturers of

53、aluminumc. Domestic consumers of aluminumd.Workers in the domestic aluminum industryAnswer: c逗找热蛇减娱菠搂舅苗天霖际泊剔搜息讽籍茄栗瘫支擦契隘杨用崖赴臼蛰国经课后习题国经课后习题46The redistribution effect of an import tariff is the transfer of income from the domestic: a.Producers to domestic buyers of the goodb. Buyers to domestic produc

54、ers of the goodc.Buyers to the domestic governmentd.Government to the domestic buyersAnswer: b该抓逸蔚饮筋澈确裤身捎竖淀柞杖蝶咋仲尝螟惦霍忙徽忘线协斑胎豫薯皇国经课后习题国经课后习题47Which of the following is true concerning a specific tariff? a.It is exclusively used by the U.S. in its tariff schedulesb.It refers to a flat percentage duty a

55、pplied to a goods market valuec.It is plagued by problems associated with assessing import product valuesd. It affords less protection to home producers during eras of rising pricesAnswer: d心婴饥睹广孙宏篓派耕晌额布裕瓷焕酿唱贩恒腥俩掳厉穷亩抢锌甫住喘弘国经课后习题国经课后习题48The principal benefit of tariff protection goes to:a.Domestic co

56、nsumers of the good producedb. Domestic producers of the good producedc.Foreign producers of the good producedd.Foreign consumers of the good producedAnswer: b亮角搪约堆兜钵倔育禄豫捅辩蝇焊青盾诗癣傅远波纷寒霜淡她优钳菌玛摈国经课后习题国经课后习题49The deadweight loss of a tariff:a. Is a social loss since it promotes inefficient productionb.I

57、s a social loss since it reduces the revenue for the governmentc.Is not a social loss because society as a whole doesnt pay for the lossd.Is not a social loss since only business firms suffer revenue lossesAnswer: a酝踩拦彬味踞总咨面涟此装魏泥晒彤翻垛鸟腿补舅刹盔恩骆津咸敏十蚊感国经课后习题国经课后习题50Which of the following is a fixed perce

58、ntage of the value of an imported product as it enters the country?a.Specific tariffb. Ad valorem tariffc.Nominal tariffd.Effective tariffAnswer: b么民募折阿瘩秤胖幼腻稀欣解港坟梳瘪秩艘莉嘴涂硒菌僵罕蚁涛腊念尘寥国经课后习题国经课后习题51A tax of 20 cents per unit of imported cheese would be an example of: a.Compound tariffb.Effective tariffc.

59、Ad valorem tariffd. Specific tariffAnswer: d厩蟹黔衣遁往煌魄脊猾嘉延滴坝柏线澜桌喘镜个按侮幅谦捻本打腔穿道街国经课后习题国经课后习题52Free traders point out that: a.There is usually an efficiency gain from having tariffsb. There is usually an efficiency loss from having tariffsc.Producers lose from tariffs at the expense of consumersd.Produce

60、rs lose from tariffs at the expense of the governmentAnswer: b舀凝玫徊应尤论下户挣滁瑟斧物被丑剖距旱聊锌拯玲窥苗笑朗皿寥吓撂第国经课后习题国经课后习题53A decrease in the import tariff will result in: a. An increase in imports but a decrease in domestic productionb.A decrease in imports but an increase in domestic productionc.An increase in pr