International Economics智慧樹知到答案2024年安徽財經(jīng)大學

InternationalEconomics安徽財經(jīng)大學智慧樹知到答案2024年第一章測試

Inmanydevelopingnations,_________provideemploymentopportunitiesand____________topayforthemanyproductsthatcannotbeproducedinthehomecountry.（）

A:exports,outputs

B:exports,earnings

C:imports,outputs

D:imports,earnings

答案:BTheeconomicrelationshipandintegrationamongnationsisdefinedas:（）

A:economicinterdependence

B:openeconomies

C:macroeconomics

D:microeconomics

答案:ATheratiobetweenacountry’simportsandexportsofgoodsorservicestotheirgrossdomesticproduct(GDP)isameasureofthatcountry’s:（）

A:opennessasaneconomy

B:macroeconomics

C:microeconomics

D:economicinterdependence

答案:DThetotalvalueofallgoodsandservicesproducedwithinanation’sbordersiscalled:（）

A:currentaccountbalance

B:GDP

C:GNP

D:netexports

答案:BTheeconomicinterdependenceamongnationshas___________overrecenthistory.（）

A:increased

B:decreased

C:uncertain

D:remainedthesame

答案:AIn2020,undertheCOVID-19VIRUS,wecanguessthattheworldGDP______________,whiletheworldtradelevel____________.()

A:decreased,increased

B:increased,decreased

C:increased,increased

D:decreased,decreased

答案:DWhichofthefollowinganalyzesthebasisforandgainsfromtrade?（）

A:Balanceofpayments

B:Internationaltradetheory

C:Internationaltradepolicy

D:Foreignexchangemarket

答案:BAsummarystatementofalltheinternationaltransactionsoftheresidentsofanationwiththerestoftheworldduringaparticularperiodoftimeiscalled:（）

A:Netexports

B:GNP

C:GDP

D:Balanceofpayments

答案:DWheninterestratesincreaseinamajorlargecountry,capitalflowsfromabroadwillincrease.()

A:對B:錯

答案:A

第二章測試

Theeconomicforcegivingrisetotheexistenceanddegreeoftradebetweentwonationsisreferredtoas:（）

A:basisfortrade

B:patternoftrade

C:gainsfromtrade

D:lossesfromtrade

答案:ATheincreaseinconsumptionineachnationresultingfromspecializationinproductionandtradingisreferredtoas:（）

A:lossesfromtrade

B:basisfortrade

C:patternoftrade

D:gainsfromtrade

答案:DThecommoditiesexportedandimportedbyeachnationconstitutethe:（）

A:lossesfromtrade

B:gainsfromtrade

C:patternoftrade

D:basisfortrade

答案:CTheschoolofthoughtduringtheseventeenthandeighteenthcenturiesproposingthatthewayforanationtobecomericherwastorestrictimportsandstimulateexportswas:（）

A:Opportunitycost

B:LaissezFaire

C:ClassicalSchool

D:Mercantilist

答案:D_____________explainshowmutuallybeneficialtradecantakeplaceevenwhenonenationislessefficientthananothernationintheproductionofallcommodities.（）

A:Thelawofcomparativeadvantage

B:Thelabortheoryofvalue

C:Mercantilism

D:Thelawofabsoluteadvantage

答案:A____________________statesthatthecostorpriceofacommodityisdeterminedby,orcanbeinferredexclusivelyfrom,itslaborcontent.（）

A:Mercantilism

B:Thelabortheoryofvalue

C:Theopportunitycosttheory

D:Thelawofcomparativeadvantage

答案:B____________________statesthatthetruecostofacommodityistheamountofasecondcommoditythatmustbegivenuptoreleasejustenoughresourcestoproduceonemoreunitofthefirstcommodity:（）

A:Thelabortheoryofvalue

B:Thelawofcomparativeadvantage

C:Theopportunitycosttheory

D:Mercantilism

答案:CTheabilityofonenationtoproduceacommodityusingfewerresourcesthananothernationis:（）

A:specialization

B:absoluteadvantage

C:mercantilism

D:comparativeadvantage

答案:BWhentheamountofacommoditythatmustbegivenuptoproduceeachadditionalunitofanothercommodity,regardlessoftheamountofthecommodityforegone,isthesameateverylevelofproduction,whichofthefollowingexists?（）

A:absoluteadvantage

B:comparativeadvantage

C:increasingopportunitycosts.

D:constantopportunitycosts

答案:DTheratioofonecommoditypricetothepriceofanothercommodityiscalledrelativecommodityprice.（）

A:對B:錯

答案:A

第三章測試

_______________causeanationtogiveupmoreandmoreofonecommodityinordertoproduceeachadditionalunitofanother.（）

A:Costsofproduction

B:Decreasingopportunitycosts

C:Constantopportunitycosts

D:Increasingopportunitycosts

答案:DIncreasingopportunitycostsresultinaproductionpossibilitiesfrontierthatis___________fromtheorigin.（）

A:linear

B:horizontal

C:convex

D:concave

答案:D____________istheamountofonecommoditythatanationmustgiveuptoproduceeachadditionalunitofanother.（）

A:productionfrontier

B:marginalrateofreturn

C:marginalcost

D:marginalrateoftransformation(MRT)

答案:DThemarginalrateoftransformation(MRT)ofXforYrefersto:（）

A:theamountofYthatconsumersarewillingtogiveuptoconsumeeachadditionalunitofX.

B:theamountofXthatconsumersarewillingtogiveuptoconsumeeachadditionalunitofY.

C:theamountofYthatanationmustgiveuptoproduceeachadditionalunitofX.

D:theamountofXthatanationmustgiveuptoproduceeachadditionalunitofY.

答案:CWhatisanothernamefortheopportunitycostofacommodity?（）

A:marginalrateofreturn

B:marginalrateofsubstitution(MRS)

C:revealedcomparativeadvantage

D:marginalrateoftransformation(MRT)

答案:DWhencountriesengageininternationaltrade,specializationtendstobe:（）

A:completewithconstantcostsandincompletewithincreasingcosts

B:incompletewithconstantcostsandcompletewithincreasingcosts

C:incompletewithconstantcostsandincompletewithincreasingcosts

D:completewithconstantcosts,andcompletewithincreasingcosts

答案:BWhydoincreasingopportunitycostsofproductionoccur?（）

A:Factorsofproductionarehomogeneous

B:Factorsofproductionarenotbeingusedinthesamefixedproportion

C:Noneoftheabove

D:Factorsofproductionarecompletelyadaptabletoeveryuse

答案:BNationswillhavedifferentproductionpossibilitiesfrontiersbecauseofwhichcharacteristic?（）

A:differencesinfactorendowments

B:differencesindegreeofindustrialization

C:differencesinmarginalcostsofproduction

D:differencesincommunityindifferencecurves

答案:AThetastesordemandpreferencesofanationaregivenby:（）

A:consumptionpossibilitiescurves

B:productionfrontiers

C:communityindifferencecurves

D:marginalrateoftransformation(MRT)

答案:CIncreasingopportunitycostsresultinaproductionfrontierthatisconvexfromtheorigin.（）

A:錯B:對

答案:A

第四章測試

Assumebothlaborandcapitalarecompletelymobile,andanationiscapitalrich/laborscarce.Inordertoincreasewelfare,whatkindoftradepolicyshouldthegovernmentadapt?（）

A:Restrictalltrade,becausethestandardoflivingwilldeclineandpeoplewillbeworseoff

B:Notrestricttrade,becauseanydeclineinrealwageswillbematchedwithanevenlargergainbythosewhoowncapital

C:Onlyrestricttradethatwillmaketherealwagefall,andallowtradethatwillnotaffectwages

D:Notrestricttrade,becausetherealwagewilleventuallycyclebacktothepre-tradevalue,eliminatinganylossesinthestandardofliving

答案:BWhichofthefollowingisapartoftheHeckscher-Ohlinmodelthatstatesinternationaltradewillbringaboutequalizationinthereturnstohomogeneousfactorsacrossnations?（）

A:Factor-proportionstheory

B:Factor-priceequalizationtheorem

C:Productcycletheory

D:Factor-endowmenttheory

答案:BTheHeckscher-Ohlintheoryisoftenreferredtoas:（）

A:Factor-endowmenttheory

B:Factor-proportionstheory

C:Factor-proportionstheoryandFactor-endowmenttheory

D:Factor-priceequalizationtheorem

答案:CWhichofthefollowingisconsideredtobeashort-runversionofthefactorpriceequalizationtheory?（）

A:Intra-industrytradetheory

B:Productcycletheory

C:Economiesofscaletheory

D:Specificfactorstheory

答案:DAccordingtothespecificfactorstradetheory:（）

A:Bothownersoffactorsspecifictoexportindustriesandownersoffactorsspecifictoimport-competingindustrieslosefromtrade

B:Bothownersoffactorsspecifictoexportindustriesandownersoffactorsspecifictoimport-competingindustriesgainfromtrade

C:Ownersoffactorsspecifictoexportindustrieslosewhentradetakesplace,butownersoffactorsspecifictoimport-competingindustriesgain

D:Ownersoffactorsspecifictoexportindustriesgainwhentradetakesplace,butownersoffactorsspecifictoimport-competingindustrieslose

答案:DInhisempiricaltestofHeckscherandOhlin’smodel,Leontieffoundthat（）

A:theUSimportedmorelaborintensivegoodsandexportedmorecapitalintensivegoods.

B:theUSimportedandexportedmorecapitalintensivegoods.

C:theUSimportedmorecapitalintensivegoodsandexportedmorelaborintensivegoods.

D:theUSimportedandexportedmorelaborintensivegoods.

答案:CWhichofthefollowingisnotanexampleofacapitalrichnation?（）

A:Italy

B:Germany

C:Canada

D:India

答案:DNon-tradedgoodsandservicesarethosethatarenottradedbecauseofinternationalbarrierstoentry,suchasexorbitantimporttariffs.（）

A:對B:錯

答案:B

第五章測試

The______________hypothesizesthataportionofinternationaltradeisbasedontheintroductionofnewproductsorprocesses:（）

A:specific-factorsmodel

B:productcyclemodel

C:technologicalgapmodel

D:realbusinesscyclemodel

答案:CWhichtheorystatesthatanationwilltendtoexportcommoditiesintensiveinitsrelativelyabundantandcheapfactor?（）

A:Heckscher-Ohlintheory

B:Stolper-Samuelsontheory

C:Productcycletheory

D:Intraindustrytradetheory

答案:AWhichofthefollowingwouldleastlikelyapplytotheproductcycletheory?（）

A:Televisions

B:Digitalcameras

C:Computers

D:Coal

答案:DTheproductcyclemodelwasintroducedby:（）

A:WassilyLeontief

B:AlfredMarshall

C:RaymondVernon

D:EliHeckscher

答案:CWhichmodelstatesthatanationcanshiftfrombeinganetexporterofagoodtoanetimporterofthesamegood?（）

A:Technologicalgapmodel

B:Realbusinesscyclemodel

C:Productcyclemodel

D:Specific-factorsmodel

答案:C___________involvesinternationaltradeinthedifferentiatedproductsofthesameindustryorbroadproductgroup.（）

A:Intra-industrytrade

B:Intra-nationaltrade

C:Inter-industrytrade

D:Productcyclemodel

答案:AWith______________,inputsincreaseproportionatelymorethantheincreaseinoutput.（）

A:Increasingreturnstoscale

B:Constantreturnstoscale

C:Decreasingreturnstoscale

D:Internationalreturnstoscale

答案:CWith______________,inputsincreaseindirectproportiontotheincreaseinoutput.（）

A:internationalreturnstoscale

B:constantreturnstoscale

C:increasingreturnstoscale

D:decreasingreturnstoscale

答案:BIncreasingreturnstoscalegenerallyexistbecauseofgreaterdivisionoflaborandlaborspecializationandspecializedandproductivemachinery.（）

A:錯B:對

答案:B

第六章測試

Ataxof15percentperimporteditemwouldbeanexampleof:()

A:Advaloremtariff

B:Compoundtariff

C:Specifictariff

D:Effectivetariff

答案:ASupposethattheUnitedStateseliminatesitstariffonsteelimports,permittingforeign-producedsteeltoentertheU.S.market.SteelpricestoU.S.consumerswouldbeexpectedto:（）

A:Increase,andtheforeigndemandforU.S.exportswoulddecrease

B:Decrease,andtheforeigndemandforU.S.exportswoulddecrease

C:Increase,andtheforeigndemandforU.S.exportswouldincrease

D:Decrease,andtheforeigndemandforU.S.exportswouldincrease

答案:DWhenagovernmentallowsrawmaterialsandotherintermediateproductstoenteracountrydutyfree,itstariffpolicygenerallyresultsina:（）

A:Riseinbothnominalandeffectivetariffrates

B:Fallinbothnominalandeffectivetariffrates

C:Effectivetariffratelessthanthenominaltariffrate

D:Nominaltariffratelessthantheeffectivetariffrate

答案:DTheprincipalbenefitoftariffprotectiongoesto:（）

A:Domesticconsumersofthegoodproduced

B:Foreignproducersofthegoodproduced

C:Foreignconsumersofthegoodproduced

D:Domesticproducersofthegoodproduced

答案:DWhichofthefollowingpoliciespermitsaspecifiedquantityofgoodstobeimportedatonetariffrateandappliesahighertariffratetoimportsabovethisquantity?（）

A:Tariffquota

B:Importtariff

C:Advaloremtariff

D:Specifictariff

答案:AWhentheproductionofacommoditydoesnotutilizeimportedinputs,theeffectivetariffrateonthecommodity:()

A:Islessthanthenominaltariffrateonthecommodity

B:Noneoftheabove

C:Equalsthenominaltariffrateonthecommodity

D:Exceedsthenominaltariffrateonthecommodity

答案:CShouldCanada（alargenantion）imposeatariffonimports,onewouldexpectCanada's:（）

A:Termsoftradetoworsenandvolumeoftradetoincrease

B:Termsoftradetoworsenandvolumeoftradetodecrease

C:Termsoftradetoimproveandvolumeoftradetodecrease

D:Termsoftradetoimproveandvolumeoftradetoincrease

答案:CAadvaloremtariffprovidesdomesticproducersadecliningdegreeofprotectionagainstimport-competinggoodsduringperiodsofchangingprices.（）

A:對B:錯

答案:BWhenmaterialinputsenteracountryataverylowdutywhilethefinalimportedproductisprotectedbyahighduty,theresulttendstobeahighrateofprotectionfordomesticproducersofthefinalproduct.（）

A:錯B:對

答案:BAnationwhoseimportsconstituteaverysmallportionoftheworldmarketsupplyisapricetaker,facingaconstantworldpriceforitsimportcommodity.（）

A:錯B:對

答案:B

第七章測試

Becauseexportsubsidiestendtoresultindomesticexporterscharginglowerpricesontheirgoodssoldoverseas,thehomecountry's:()

A:Termsoftradewillworsen

B:Termsoftradewillimprove

C:Exportrevenueswilldecrease

D:Exportrevenueswillrise

答案:AComparedtoanimportquota,anequivalenttariffmayprovidealesscertainamountofprotectionforhomeproducerssince:()

A:Quotasdonotresultinincreasesinthepriceoftheimportedgood

B:Foreignfirmsmayabsorbthetariffbyofferingexportsatlowerprices

C:Tariffsareeffectiveonlyifhomedemandisperfectlyelastic

D:Atariffhasnodeadweightlossintermsofproductionandconsumption

答案:BIfatariffandanimportquotaleadtoequivalentincreasesinthedomesticpriceofsteel,then:()

A:Theyhaveidenticalimpactsonhowincomeisdistributed

B:Thetariffresultsinefficiencyreductionsbutthequotadoesnot

C:Thequotaresultsinefficiencyreductionsbutthetariffdoesnot

D:Theyhaveidenticalimpactsonhowmuchisproducedandconsumed

答案:DImportquotastendtoleadtoallofthefollowingexcept:()

A:Pricesfallingintheexportingcountry

B:Domesticproducersoftheimportedgoodbeingharmed

C:Domesticconsumersoftheimportedgoodbeingharmed

D:Pricesincreasingintheimportingcountry

答案:BTomaintainthatSouthKoreansaredumpingtheirVCRsintheUnitedStatesistomaintainthat:()

A:KoreansaresellingVCRsintheUnitedStatesbelowtheirproductioncost

B:ThecostofmanufacturingVCRsinKoreaislowerinKoreathanintheUnitedStatessincewagesarelowerinKorea

C:KoreansaresellingVCRsintheUnitedStatesabovetheirproductioncost

D:ThecostofmanufacturingVCRsinKoreaishigherinKoreathanintheUnitedStatessincewagesarehigherinKorea

答案:AAnimportquotaisaphysicalrestrictiononthequantityofgoodsthatmaybeimportedduringaspecifiedtimeperiod.()

A:錯B:對

答案:BTotheextentthatsubsidiesgrantedtoexportingfirmsreducetheforeignpriceoftheirgoods,thesubsidizingcountry'stermsoftradeimproved.()

A:對B:錯

答案:BInternationaldumpingoccurswhenforeignbuyersarechargedhigherpricesthandomesticbuyersforanidenticalproduct,afterallowingfortransportationcostsandtariffduties.()

A:錯B:對

答案:APredatorydumpingwouldoccurifToyotaInc.ofJapansellsautostoU.S.consumersatlowerpricesthantoJapaneseconsumersinordertoputChryslerInc.outofbusiness.()

A:錯B:對

答案:B

第八章測試

Formostdevelopingcountries:（）

A:Savingsandinvestmentlevelsarehigh

B:Productivityishighamongdomesticworkers

C:Populationgrowthandilliteracyratesarelow

D:Agriculturalgoodsandrawmaterialtendtomakeupmuchofdomesticoutput

答案:DWhichofthefollowingisoneoftheadvantagesofexport-orientedindustrialization?（）

A:Itiseasierfordevelopingnationstoprotecttheirdomesticmarketagainstforeigncompetitionthantoforcedevelopednationstolowertradebarriersagainsttheirmanufacturedexports

B:Itovercomesthesmallnessofthedomesticmarketandallowsadevelopingnationtotakeadvantageofeconomiesofscale

C:Themarketfortheindustrialproductexistsdomestically,asevidencedbyimportsofthecommodity,sothatrisksarereducedinsettingupanindustrytoreplaceimports

D:Foreignfirmsareinducedtoestablishso-calledtarifffactoriestoovercomethetariffwallofdevelopingnations

答案:BWhichofthefollowingisnotacharacteristicofadevelopingcountry?（）

A:Ahighilliteracyrate

B:Ahighproportionofthelaborforceinagriculture

C:Lowlifeexpectancy

D:Lowpopulationgrowthrate

答案:DWhichofthefollowingwouldbemorelikelytohavecountriesusingtradeprimarilyasaventforagriculturalsurplus?（）

A:EasternEurope

B:NorthKorea

C:SoutheastAsia

D:NorthAmerica

答案:CWhichofthefollowingcountriesorareaisNOTcharacterizedbyrapidgrowthingrossdomesticproductinindustrialproductionandmanufacturedexports?（）

A:Korea

B:HongKong,China

C:Chile

D:Singapore

答案:CWhichofthefollowingisNOToneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?（）

A:Domesticindustriescangrowaccustomedtoprotectionfromforeigncompetitionandhavenoincentivetobecomemoreefficient

B:Importsubstitutioncanleadtoinefficientindustriesbecauseofthesmallnessofthedomesticmarketinmanydevelopingnations

C:Exportvolumecangrowfast.

D:Afterthesimplermanufacturedimportsarereplacedbydomesticproduction,importsubstitutionbecomesmoreandmoredifficultandcostlyasmorecapital-intensiveandtechnologicaladvancedimportshavetobereplacedbydomesticproduction

答案:CWhichofthefollowingisNOToneofthemostseriousproblemsfacingdevelopingcountriestoday?（）

A:Theremainingtradeprotectionismofdevelopedcountriesagainstdevelopingcountriesexports

B:Thegraduallyreducingfertilityrates

C:Theconditionsofstarkpovertyprevailinginmanycountries

D:Theunsustainableforeigndebtofsomeofthepoorestdevelopingcountries

答案:BWhichofthefollowingisoneofthethreemaindisadvantagesofanimport-substitutionindustrializationstrategy?()

A:Domesticindustriescangrowaccustomedtoprotectionfromforeigncompetitionandhavenoincentivetobecomemoreefficient

B:Itmaybeverydifficultfordevelopingnationstosetupexportindustriesbecauseofthecompetitionfromthemoreestablishedandefficientindustriesindevelopednations

C:Developednationsoftenprovideahighlevelofeffectiveprotectionfortheirindustriesproducingsimplelabor-intensivecommoditiesinwhichdevelopingnationsalreadyhaveorcansoonacquireacomparativeadvantage

D:Thedomesticfirmscanshareandcorporatewithforeignfirmsinlargeinternationalmarket.

答案:ATheinfant-industryargumentstatesthattemporarytradeprotectionisneededtoprotectanewindustryagainstcompetitionfrommoreestablishedandefficientforeignfirms.（）

A:對B:錯

答案:A

第九章測試

Whichofthefollowingrepresentsthestagewhereeconomicintegrationismostcomplete?()

A:Customsunion

B:Economicunion

C:Monetaryunion

D:Commonmarket

答案:CWhichofthefollowingrepresentsthestagewhereeconomicintegrationisleastcomplete?()

A:Monetaryunion

B:Freetradearea

C:Customsunion

D:Commonmarket

答案:BCustomsuniontheoryreasonsthattheformationofacustomsunionwilldecreasemembers'realwelfarewhenthe:()

A:Tradeconsumptioneffectexceedsthetradeproductioneffect

B:Tradecreationeffectexceedsthetradediversioneffect

C:Tradediversioneffectexceedsthetradecreationeffect

D:Tradeproductioneffectexceedsthetradeconsumptioneffect

答案:CWhicheconomicintegrationschemeissolelyintendedtoabolishtraderestrictionsamongmembercountries,whilesettingupcommontariffsagainstnonmembers?()

A:Customsunion

B:Commonmarket

C:Economicunion

D:Freetradearea

答案:AWhenproductsfromhigh-costsupplierswithinacustomsunionreplaceimportsfromalow-costnationthatisnotamemberofthecustomsunion,thereexist(s):()

A:Dynamicwelfaregains

B:Tradediversion

C:Tradecreation

D:Dynamicwelfarelosses

答案:BWhichformofeconomicintegrationoccurswhenparticipatingcountriesabolishtariffsontradeamongthemselves,establishacommontariffonimportsfromnonmembers,andpermitfreemovementofcapitalandlaborwithintheorganization?()

A:Monetaryunion

B:Economicunion

C:Freetradearea

D:Commonmarket

答案:DTradecreationtendstomorethanoffsettradediversionforahomecountryformingacustomsunionwithpartnercountrieswhen:(1)thetariffrateinthehomecountryishighpriortotheformationofthecustomsunion;(2)therearealargenumberofcountriesformingthecustomsunion.()

A:對B:錯

答案:AIfChileandMexicoformafree-tradeagreement,thewelfareofthetwocountrieswillnecessarilyincrease.()

A:對B:錯

答案:BEconomicintegrationistheprocessofeliminatingrestrictionsoninternationaltrade,payments,andfactormobility.()

A:錯B:對

答案:BForcountriesformingacustomsunion,thetrade-creationeffectrepresentsawelfarelossandthetrade-diversioneffectrepresentsawelfaregain.()

A:對B:錯

答案:B

第十章測試

Thepurchaseofpurelyfinancialassets,suchasbondsandstocks,iscalled:（）

A:indirectinvestment

B:bondinvestment

C:directinvestment

D:corporateinvestment

答案:A__________allowtheinvestortolendcapitaltogetfixedpayoutsorregularreturns,thenreceivethefacevalueatadateinthefuture.（）

A:Mutualfunds

B:Bonds

C:Stocks

D:Dividends

答案:BRealinvestmentinfactories,capitalgoods,land,andinventorieswheretheinvestorretainscontrolovertheuseoftheinvestedcapitalisreferredtoas:（）

A:Directinvestment

B:Indirectinvestment

C:Corporateinvestment

D:Portfolioinvestment

答案:A___________oftentakestheformofstartingasubsidiaryortakingcontrolofanotherfirm.（）

A:Privateinvestment

B:Indirectinvestment

C:Directinvestment

D:Portfolioinvestment

答案:CThebasicmotiveforinternationalportfolioinvestmentsis:（）

A:toearnhigherreturnsdomesticallythanarepossibleabroad

B:toearnreturnsabroadthatcannotbetaxeddomestically

C:toearnhigherreturnsabroadthanarepossibledomestically

D:toearnreturnsdomesticallyonincomesearnedabroad

答案:CTwo-wayinternationalcapitalflowsisoftenexplainedbytheelementof______.（）

A:higherreturnsinothercountries

B:specialization

C:risk

D:diminishingmarginalreturns

答案:CIngeneral,___________________onalltypesofinvestment.（）

A:thereisnorelationshipbetweenriskandreturn

B:thelowertheinterestrates,thelowerthereturn

C:thelowertherisk,thegreaterthereturn

D:thegreatertherisk,thegreaterthereturn

答案:DIthasbeenfoundthatfirmswithastronginternationalorientationtendto______________.（）

A:belessprofitablethanthosethatarewhollydomestic

B:bemoreprofitablethanthosethatarewhollydomestic

C:earnonlyaccountingprofit,noteconomicprofit

D:havegreatervariabilityinprofitsthanpurelydomesticfirms

答案:BWhenamultinationalcorporationcontrolstherawmaterialusedintheproductionofitsfinalgood,whichofthesewilllikelyoccur?（）

A:consumerswillpayhigherpricesforthegood

B:theMNCwillfaceanti-trustchargesforowningfirmsthatproduceboththerawmaterialandthefinalgood

C:theMNCwillobtainanuninterruptedsupplyoftherawmaterialatthelowestpossiblecost

D:consumerswillpaylowerpricesforthegood

答案:CForwardverticalintegrationhasbeenthemostcommonformofdirectforeigninvestmentsindevelopingcountriesandinsomemineral-richdevelopedcountries.（）

A:錯B:對

答案:A

第十一章測試

Onthebalance-of-paymentsstatements,merchandiseimportsareclassifiedinthe:()

A:Capitalaccount

B:Officialsettlementsaccount

C:Currentaccount

D:Unilateraltransferaccount

答案:CWhichofthefollowingisconsideredacapitalinflow?()

A:AloanfromaU.S.banktoaforeignborrower

B:ApurchaseofforeignfinancialassetsbyaU.S.buyer

C:AU.S.citizen'srepaymentofaloanfromaforeignbank

D:AsaleofU.S.financialassetstoaforeignbuyer

答案:DWhichofthefollowingisclassifiedasacreditintheU.S.balanceofpayments?()

A:ForeignloansmadebyU.S.companies

B:U.S.exports

C:AflowofgoldoutoftheU.S.

D:U.S.giftstoothercountries

答案:BWhenallofthedebitorcredititemsinthebalanceofpaymentsarecombined:()

A:Thetotalsurplusordeficitequalszero

B:Servicesexportsequalservicesimports

C:Capitalimportsequalcapitalexports

D:Merchandiseimportsequalmerchandiseexports

答案:AAllofthefollowingaredebititemsinthebalanceofpayments,except:()

A:Privategiftstoforeigners

B:Capitaloutflows

C:Merchandiseexports

D:Foreignaidgrantedtoothernations

答案:CThebalanceofpaymentsreferstothestockoftradeandinvestmenttransactionsthatexistsataparticularpointintime.()

A:錯B:對

答案:AReferringtothebalance-of-paymentsstatement,aninternationaltransactionreferstotheexchangeofgoods,services,andassetsbetweenresidentsofonecountryandthoseabroad.()

A:對B:錯

答案:ABecausethebalanceofpaymentsutilizesdouble-entryaccounting,merchandiseexportswillalwaysbeinbalancewithmerchandiseimports.()

A:對B:錯

答案:BAnincreaseinimportrestrictionsbytheU.S.governmenttendstopromoteamerchandise-tradesurplus.()

A:錯B:對

答案:BBecausethebalanceofpaymentsisarecordoftheeconomictransactionsofacountryoveraperiodoftime,itisa"flow"concept.()

A:錯B:對

答案:B

第十二章測試

Whichofthefollowingisnotaspeculativeforeignexchangetransaction（)

A:Multilateralarbitrage

B:arbitrage

C:Hedging

D:Bilateralarbitrage

答案:BTheeconomicmeaningofcoveredinterestrateparityis().

A:Theexpectedforwardrateofchangeisequaltothedifferencebetweentheinterestratesofthetwocurrencies

B:Theforwardrateofdiscountisequaltothesumofthetwocountries'currencyinterestrates

C:Theexpectedforwardrateofchangeisequaltothesumofthetwocurrencies'interestrates

D:Theforwardpremiumrateisequaltothedifferencebetweentheinterestratesoftwocountries

答案:DTheexchangeratesystemthatismostlikelytoincurtheimpactofinternationalhotmoneyis().

A:Jointfloating

B:sepa