国际经济学英文版上册(第八版)章节练习第五章(6页).doc
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1、-International Economics, 8e (Krugman) -第 6 页-Chapter 5 The Standard Trade Model 1) The concept terms of trade means A) the amount of exports sold by a country. B) the price conditions bargained for in international markets. C) the price of a countrys exports divided by the price of its imports. D)
2、the quantities of imports received in free trade. E) None of the above. Answer: C2) A country cannot produce a mix of products with a higher value than where A) the isovalue line intersects the production possibility frontier. B) the isovalue line is tangent to the production possibility frontier. C
3、) the isovalue line is above the production possibility frontier. D) the isovalue line is below the production possibility frontier. E) the isovalue line is tangent with the indifference curve. Answer: B 3) Tastes of individuals are represented by A) the production possibility frontier. B) the isova
4、lue line. C) the indifference curve. D) the production function. E) None of the above. Answer: C 4) If PC/PF were to increase in the international marketplace, then A) all countries would be better off. B) the terms of trade of cloth exporters improve. C) the terms of trade of food exporters improve
5、. D) the terms of trade of all countries improve. E) None of the above. Answer: B 5) If PC/PF were to increase, A) the cloth exporter would increase the quantity of cloth exports. B) the cloth exporter would increase the quantity of cloth produced. C) the food exporter would increase the quantity of
6、 food exports. D) Both A and C. E) None of the above. Answer: B 6) If a small country were to levy a tariff on its imports then this would A) have no effect on that countrys economic welfare. B) increase the countrys economic welfare. C) decrease the countrys economic welfare. D) change the terms of
7、 trade. E) None of the above. Answer: C 7) Suppose now that Home experiences growth strongly biased toward its export, cloth, A) this will tend to worsen Homes terms of trade. B) this will tend to improve Homes terms of trade. C) this will tend to worsen Foreigns terms of trade. D) this will have no
8、 effect on Foreigns terms of trade. E) None of the above. Answer: A 8) Suppose that Home is a small country, and it experiences growth strongly biased toward its export, cloth A) this will tend to worsen Homes terms of trade B) this will tend to improve Homes terms of trade C) this will tend to wors
9、en Foreigns terms of trade D) this will have no effect on Foreigns terms of trade E) None of the above Answer: D 9) When the production possibility frontier shifts out relatively more in one direction, we have A) biased growth. B) unbiased growth. C) immiserizing growth. D) balanced growth. E) imbal
10、anced growth. Answer:D 10) Export-biased growth in Country H will A) improve the terms of trade of Country H. B) trigger anti-bias regulations of the WTO. C) worsen the terms of trade of Country F (the trade partner). D) improve the terms of trade of Country F. E) decrease economic welfare in Countr
11、y H. Answer: D 11) If the poor USAID recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid will A) worsen the U.S. terms of trade. B) improve the U.S. terms of trade. C) leave the world terms of trade unaffected. D) worsen
12、the terms of trade of both donor and recipient countries. E) None of the above. Answer: B 12) If, beginning from a free trade equilibrium, the (net barter) terms of trade improve for a country, then it will A) increase production of its import competing good. B) increase consumption of its export go
13、od. C) increase the quantity of its imports. D) experience an export-biased shift in its production possibility frontier. E) None of the above. Answer: C 13) After WWI, Germany was forced to make large reparations-transfers of real income- to France. If the marginal propensity to consume was equal i
14、n both countries, and if Frances demand was biased toward food (relative to Germanys demand pattern) then we would expect to find A) the worlds relative price for food remains unchanged. B) the worlds relative price for food increase. C) the worlds relative price for food decrease. D) the world rela
15、tive price for both food and non-food rise. E) None of the above. Answer: B 14) During the 19th Century, economic growth of the major trading countries was biased toward manufactures and away from food. The less developed countries of that time were net exporters of food. From this information, we w
16、ould expect to have observed A) falling terms of trade for the less developed countries. B) improving (rising) terms of trade for the less developed countries. C) no change at all in the terms of trade of the less developed countries. D) a decrease in the relative price of food. E) None of the above
17、. Answer: B 15) Immiserizing growth could occur to A) a poor country experiencing export-biased economic growth. B) a poor country experiencing import-biased economic growth. C) a poor country experiencing growth in its non-traded sector. D) a poor country experiencing capital-intensive biased growt
18、h. E) None of the above. Answer: A 16) A large country experiencing import-biased economic growth will tend to experience A) positive terms of trade. B) deteriorating terms of trade. C) improving terms of trade. D) immiserizing terms of trade. E) None of the above. Answer: C17) If a there are no int
19、ernational loans or capital flows, then if a countrys terms of trade improve, we would find that A) the value of its exports exceeds the value of its imports. B) the value of its exports becomes less than that of its imports. C) the value of its exports exactly equals that of its imports. D) the qua
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