國際貿(mào)易學(xué) quiz1ppt課件

1、1-1Quiz 1International Economics1-2 Historians of economic thought often describe _ written by _ and published in _ as the first real exposition of an economic model.A) Of the Balance of Trade, David Hume, 1776B) Wealth of Nations, David Hume, 1758C) Wealth of Nations, Adam Smith, 1758D) Wealth of N

2、ations, Adam Smith, 1776E) Of the Balance of Trade, David Hume, 17581-3 Answer: E Page Ref: 1 Difficulty: Easy Note: Wealth of Nations, Adam Smith, 1776 David Hume (7 May 1711 25 August 1776) was a Scottish philosopher, historian, economist, and essayist, known especially for his philosophical empir

3、icism and skepticism. Of the Balance of Trade, was an essay in the book Essays Moral and Political”1-4Cost-benefit analysis of international tradeA) is basically useless.B) is empirically intractable.C) focuses attention primarily on conflicts of interest within countries.D) focuses attention on con

4、flicts of interest between countries.E) never leads to government intervention in international trade.1-5 Answer: C Page Ref: 6 Difficulty: Easy1-6 Approximately what percent of all world production of goods and services is exported to other countries?A) 10%B) 30%C) 50%D) 100%E) 90%1-7 Answer: B Pag

5、e Ref: 10 Difficulty: Easy1-8Since the period following World War II (the early 1950s), the proportion of most countries production being used in some other countryA) remained constant.B) increased.C) decreased.D) fluctuated widely with no clear trend.E) increased slightly before dropping off.1-9 An

6、swer: B Page Ref: 17 Difficulty: Easy1-10Trade between two countries can benefit both countries ifA) each country exports that good in which it has a comparative advantage.B) each country enjoys superior terms of trade.C) each country has a more elastic demand for the imported goods.D) each country

7、has a more elastic supply for the exported goods.E) each country produces a wide range of goods for export.1-11 Answer: A Page Ref: 24 Difficulty: Easy1-12 Given the information in the table aboveA) neither country has a comparative advantage in cloth.B) Home has a comparative advantage in cloth.C)

8、Foreign has a comparative advantage in cloth.D) Home has a comparative advantage in both cloth and widgets.E) neither country has a comparative advantage in widgets.Unit Labor RequirementsClothWidgetsHome1020Foreign60301-13 Answer: B Page Ref: 29 Difficulty: Moderate Note: CA AA1-14If a production p

9、ossibilities frontier is bowed out (concave to the origin), then production occurs under conditions ofA) constant opportunity costs.B) increasing opportunity costs.C) decreasing opportunity costs.D) infinite opportunity costs.E) uncertain opportunity costs.1-15 Answer: B Page Ref: 34 Difficulty: Eas

10、y1-16The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods?A) Trade can have substantial effects on a countrys distribution of income.B) The Ricardian model is often incorrect in its prediction that tra

11、de can be mutually beneficial.C) Import restrictions are the result of trade wars between hostile countries.D) Imports are only restricted when foreign-made goods do not meet domestic standards of quality.E) Restrictions on imports are intended to benefit domestic consumers.1-17 Answer: A Page Ref:

12、50 Difficulty: Easy1-18In the specific factors model, the effects of trade on welfare are _ for mobile factors, _ for fixed factors used to produce the exported good, and _ for fixed factors used to produce the imported good.A) ambiguous; positive; negativeB) ambiguous; negative; positiveC) positive

13、; ambiguous; ambiguousD) negative; ambiguous; ambiguousE) positive; positive; positive1-19 Answer: A Page Ref: 63-65 Difficulty: Easy1-20 Those who will lose from free trade are _ factors in sectors that produce goods that are _. A) mobile; untraded B) mobile; also imported C) immobile; exported D)

14、mobile; exported E) immobile; also imported1-21 Answer: E Page Ref: 65-68 Difficulty: Easy1-22In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border wouldA) move the point of production along the production possibility curve.B) shift the production possibility cur

15、ve outward, and increase the production of both goods.C) shift the production possibility curve outward and decrease the production of the labor-intensive product.D) shift the production possibility curve outward and decrease the production of the capital-intensive product.E) shift the possibility c

16、urve outward and displace preexisting labor.1-23 Answer: D Page Ref: 89 Difficulty: Moderate1-24In the 2-factor, 2 good Heckscher-Ohlin model, trade will _ the owners of a countrys _ factor and will _ the good that uses that factor intensively.A) benefit; abundant; exportB) harm; abundant; importC)

17、benefit; scarce; exportD) benefit; scarce; importE) harm; scarce; export1-25 Answer: A Page Ref: 91 Difficulty: Easy1-26The Leontieff ParadoxA) failed to support the validity of the Heckscher-Ohlin model.B) supported the validity of the Ricardian theory of comparative advantage.C) supported the vali

18、dity of the Heckscher-Ohlin model.D) failed to support the validity of the Ricardian theory.E) proved that the U.S. economy is different from all others.1-27 Answer: A Page Ref: 98-99 Difficulty: Easy Note: One would expect the US to be an exporter of capital-intensive goods and an importer of labor

19、-intensive goods. Surprisingly, however, this was not the case in the 25 years after WWII. This result is known as the Leontief paradox.1-28The meaning of terms of trade isA) the quantities of imports received in free trade.B) the amount of exports sold by a country.C) the price conditions bargained for in international markets.D) the price of a countrys exports divided by the price of its imports. E) the tariffs in place between two trading countries.1-29 Answer: D Page Ref: 112 Di