《国际经济学》选择题汇总版（附答案）
Ch1-Ch3
1. The Un ited States is less depe ndent on trade tha n most other coun tries be cause
A) the Un ited States is a relatively large country with diverse resources.
B) the Un ited States is a “ Superpower ”
C) the military power of the United States makes it less dependent on anythi ng.
D) the Un ited States in vests in many other coun tries.
E) many countries invest in the United States.
2. Because the Con stitutio n forbids restrai nts on in terstate trade,
A) the U.S. may not impose tariffs on imports from NAFTA countries.
B) the U.S. may not affect the international value of the $ U.S.
C) the U.S. may not put restraints on foreign investments in California if it i nvo Ives a finan cial in termediary in New York State.
D) the U.S. may not impose export duties.
E) the U.S. may not disrupt commerce between Florida and Hawaii.
3. I nternatio nal econo mics can be divided in to two broad sub-fields
A) macro and micro.
B) developed and less developed.
C) monetary and barter .
D) intern atio nal trade and intern ati onal mon ey.
E) static and dyn amic.
4. I nternatio nal mon etary an alysis focuses on
A) the real side of the intern ati onal economy
B) the intern atio nal trade side of the intern ati onal economy
C) the intern ati onal inv estme nt side of the intern ati onal economy
D) the issues of intern ati onal cooperatio n betwee n Cen tral Ban ks.
E) the mon etary side of the intern ati onal economy, such as curre ncy exc han ge.
5. The gravity model offers a logical explanation for the fact that
A) trade betwee n Asia and the U.S. has grow n faster tha n NAFTA trade.
B) trade in services has grow n faster tha n trade in goods.
C) trade in manufactures has grown faster than in agricultural products.
D) In tra-Europea n Union trade exceeds intern atio nal trade by the Europe an Union.
E) the U.S. trades more with Western Europe than it does with Canada.
6. The gravity model expla ins why
A) trade betwee n Swede n and Germa ny exceeds that betwee n Swede n an d
Spa in.
B) co un tries with oil reserves tend to export oil.
C) capital rich countries export capital intensive products.
D) intra-industry trade is relatively more important than other forms of trad e betwee n n eighbori ng
coun tries.
E) Europea n coun tries rely most ofte n on n atural resources.
7. Why does the gravity model work?
A) Large econo mies became large because they were en gaged in intern ati on al trade.
B) Large econo mies have relatively large in comes, and hence spe nd more on gover nment promotio n of trade and in vestme nt.
C) Large econo mies have relatively larger areas which raises the probability that a productive activity will take place within the borders of that country
D) Large econo mies tend to have large in comes and tend to spe nd more o n imports.
E) Large economies tend to avoid trading with small economies.
8. We see that the Netherlands, Belgium, and Ireland trade considerably mo re with the United States than with many other countries.
A) This is expla ined by the gravity model, since these are all large coun tries.
B) This is expla ined by the gravity model, since these are all small coun tries.
C) This fails to be consistent with the gravity model, since these are smal
l coun tries.
D) This fails to be consistent with the gravity model, since these are large co un tries.
E) This is explained by the gravity model, since they do not share borders.
9. In the present, most of the exports from China are
A) manu factured goods.
B) services.
C) primary products in clud ing agricultural.
D) tech no logy inten sive products.
E) overpriced by world market sta ndards.
10. A country engaging in trade according to the principles of comparative a dva ntage gains from trade because it
A) is produci ng exports in directly more efficie ntly tha n it could alter natively
B) is produci ng imports in directly more efficie ntly tha n it could domestic ally.
C) is producing exports using fewer labor units.
D) is produci ng imports in directly using fewer labor un its.
E) is produci ng exports while outsourci ng services.
11. The Ricardian model attributes the gains from trade associated with the principle of comparative advantage result to
A) differe nces in tech no logy
B) differe nces in prefere nces.
C) differences in labor productivity.
D) differe nces in resources.
E) gravity relati on ships among coun tries.
12. A nation engaging in trade according to the Ricardian model will find its con sumptio n bun dle
A) in side its producti on possibilities fron tier .
B) on its product ion possibilities fron tier .
C) outside its production possibilities frontier.
D) in side its trade-part ner's product ion possibilities fron tier .
E) on its trade-part ner's producti on possibilities fron tier .
13. Assume that labor is the only factor of production and that wages in the
Un ited States equal $20 per hour while wages in Japa n are $10 per hour . Pro duction costs would be lower in the United States as compared to Japan if
A) U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour.
B) U.S. labor productivity equaled 30 un its per hour and Japa n's 20 un its per hour.
C) U.S. labor productivity equaled 20 un its per hour and Japa n's 30 un its per hour.
D) U.S. labor productivity equaled 15 units per hour and Japan's 25 units per hour.
E) U.S. labor productivity equaled 15 units per hour and Japan's 40 units per hour.
14. In a two-country , two-product world, the statement “ Germanyenjoys a comparative adva ntage over France in autos relative to ships Is equivale nt to
A) France hav ing a comparative adva ntage over Germa ny in ships.
B) France hav ing a comparative disadva ntage compared to Germa ny in autos and ships.
C) Germa ny hav ing a comparative adva ntage over France in autos and ships.
D) France hav ing no comparative adva ntage over Germa ny
E) France should produce autos.
15. If the Un ited States' product ion possibility fron tier was flatter to the wid get axis, whereas Germa ny's was flatter to the butter axis, we know that
A) the Un ited States has no comparative adva ntage
B) Germa ny has a comparative adva ntage in butter.
C) the U.S. has a comparative adva ntage in butter .
D) Germa ny has comparative adva ntages in both products.
E) the U.S. has a comparative disadvantage in widgets.
Ch4-Ch5
1. The Ricardia n model of intern ati onal trade dem on strates that trade can b
e mutually ben eficial. Why , the n, do gover nments restrict imports o
f some
g oods?
A) Trade can have substa ntial effects on a coun try's distributi on of in come
B) The Ricardia n model is ofte n in correct in its predicti on that trade can be mutually ben eficial.
C) Import restricti ons are the result of trade wars betwee n hostile coun tries
D) Imports are on ly restricted whe n foreig n-made goods do not meet domest ic sta ndards of qualityE) Restricti ons on imports are in ten ded to ben efit dom estic con sumers.
2. Japa n's trade policies with regard to rice reflect the fact that
A) japa nese rice farmers have sig nifica nt political power.
B) Japa n has a comparative adva ntage in rice producti on and therefore expo rts most of its rice crop.
C) there would be no gains from trade available to Japan if it engaged in fre e trade in rice.
D) there are gains from trade that Japan captures by engaging in free trade in rice.
E) Japa n imports most of the rice con sumed in the country
3. In the specific factors model, which of the following is treated as a specif ic factor?
A) Labor
B) Land
C) Cloth
D) Food
E) Tech no logy
4. The specific factors model assumes that there are _______ goods and __
_____ f actor(s) of producti on.
A) two; three
B) two; two
C) two; one
D) three; two
E) four; three
5. The slope of a coun try's product ion possibility fron tier with cloth measure d on the
horiz on tal and food measured on the vertical axis in the specific factors mo del is equal to ____________ and it ________ as more cloth is produced.
A) -MPLF/MPLC; becomes steeper
B) -MPLF/MPLC; becomes flatter
C) -MPLF/MPLC; is con sta nt
D) -MPLC/MPLF; becomes steeper
E) -MPLC/MPLF; is con sta nt
6. Under perfect competition, the equilibrium price of labor used to produc e cloth will be equal to
A) the slope of the producti on possibility fron tier .
B) the average product of labor in the product ion of cloth times the price of cloth.
C) the ratio of the marg inal product of labor in the product ion of cloth to th e marg inal product of labor in the product ion of food times the ratio of the price of cloth. to the price of food.
D) the marginal product of labor in the producti on of cloth times the pric e of cloth.
E) the price of cloth divided by the marginal product of labor in the producti on of cloth.
7. I n the specific factors model, which of the followi ng will in crease the qua n tity of labor used in cloth producti on?
A) a n in crease in the price of cloth relative to that of food
B) an in crease in the price of food relative to that of cloth
C) a decrease in the price of labor
D) an equal perce ntage decrease in the price of food and cloth
E) an equal perce ntage in crease in the price of food and cloth
8. A country that does not en gage in trade can ben efit from trade only if
A) it has an absolute adva ntage in at least one good.
B) it employs a unique tech no logy
C) pre-trade and free-trade relative prices are not identical.
D) its wage rate is below the world average.
E) pre-trade and free-trade relative prices are identical.
9. I n the specific factors model, the effects of trade on welfare are _____
_ for mobile factors, ________ for fixed factors used to produce the exporte
d good, and ________ f or fixed factors used to produc
e the imported good.
A) ambiguous; positive; n egative
B) ambiguous; n egative; positive
C) positive; ambiguous; ambiguous
D) n egative; ambiguous; ambiguous
E) positive; positive; positive
10. The effect of trade on specialized employees of import-competi ng in dust
ries will be _______ jobs and ________ pay because they are relatively ___
A) fewer; lower; mobile
B) fewer; lower; immobile
C) more; lower; immobile
D) more; higher; mobile
E) more; higher; immobile
11. There is a bias in the political process aga inst free trade because
A) there is a high correlation between the volume of imports and the unempl oyme nt rate.
B) the gains from free trade cannot be measured.
C) those who gain from free trade can't compe nsate those who lose.
D) foreign governments make large donations to U.S. political campaigns.
E) those who lose from free trade are better orga ni zed tha n those who ga in.
12.In the 2-factor , 2 good Heckscher-Ohlin model, the two countries differ i n
A) tastes and prefere nces.
B) military capabilities.
C) the size of their econo mies.
D) relative abundance of factors of producti on.
E) labor productivities.
13. If a country produces good Y (measured on the vertical axis) and good X (measured on the horiz on tal axis), the n the absolute value of the slope of it s producti on possibility fron tier is equal to
A) the opport un ity cost of good X.
B) the price of good X divided by the price of good Y .
C) the price of good X divided by the price of good Y .
D) the opport un ity cost of good Y .
E) the cost of capital (assu ming that good Y is capital inten sive) divided by t he cost of labor .
14. In the 2-factor , 2 good Heckscher-Ohlin model, trade will _________ t he o wners of a coun try's _______ factor and will ________ the good that uses t
hat factor inten sively .
A) be nefit; abundant; export
B) harm; abundant; import
C) ben efit; scarce; export
D) ben efit; scarce; import
E) harm; scarce; export
15. The assumption of diminishing returns in the Heckscher-Ohlin model mea ns that, un like in the Ricardia n model, it is likely that
A) coun tries will con sume outside their producti on possibility fron tier .
B) coun tries will ben efit from free intern ati onal trade.
C) coun tries will not be fully specialized in one product.
D) comparative adva ntage will not determ ine the direct ion of trade.
E) global product ion will decrease un der trade.
16」f Japan is relatively capital rich and the United States is relatively land r ich, and if food is relatively land inten sive the n trade betwee n these two, fo rmerly autarkic coun tries will result in
A) a n in crease in the relative price of food in the U.S.
B) an in crease in the relative price of food in Japa n.
C) a global in crease in the relative price of food.
D) a decrease in the relative price of food in both coun tries.
E) an in crease in the relative price of food in both coun tries.
17. Start ing from an autarky (no-trade) situati on with Heckscher-Ohlin mode
l, if Country H is relatively labor abundant, the n once trade beg ins
A) rent will be un cha nged but wages will rise in H.
B) wages and rents should rise in H.
C) wages and rents should fall in H.
D) wages should fall and rents should rise in H.
E) wages should rise and rents should fall in H.
18. The Leo ntieff Paradox
A) failed to support the validity of the Heckscher-Ohlin model.
B) supported the validity of the Ricardia n theory of comparative adva ntage.
C) supported the validity of the Heckscher-Ohlin model.
D) failed to support the validity of the Ricardia n theory .
E) proved that the U.S. economy is different from all others.
19. Which of the following is an assertion of the Heckscher-Ohlin model?
A) Factor price equalization will occur only if there is costless mobility of all factors across borders.
B) An in crease in a coun try's labor supply will in crease producti on of both th e capital-inten sive and the labor- inten sive good.
C) In the long-run, labor is mobile and capital is not.
D) The wage-rental ratio determines the capital-labor ratio in a country's in dustries.
E) Factor en dowme nts determ ine the tech no logy that is available to a count ry, which determ ines the good in which the country will have a comparative adva ntage.
20. Which of the following is an assertion of the Heckscher-Ohlin model?
A) An in crease in a coun try's labor supply will in crease producti on of the labor- inten sive good and decrease producti on of the capital-inten sive go od.
B) An in crease in a coun try's labor supply will in crease producti on of both th e capital-inten sive and the labor- inten sive good.