国际经济学英文题库(最全版附答案).doc

国际经济学】英文题库
Chapter 1: Introduction
Multiple-Choice Questions
1. Which of the following products are not produced at all in the United States?
*A. Coffee, tea, cocoa
B. steel, copper, aluminum
C. petroleum, coal, natural gas
D. typewriters, computers, airplanes

2. International trade is most important to the standard of living of:
A. the United States
*B. Switzerland
C. Germany
D. England

3. Over time, the economic interdependence of nations has:
*A. grown
B. diminished
C. remained unchanged
D. cannot say

4. A rough measure of the degree of economic interdependence of a nation is given by:
A. the size of the nations' population
B. the percentage of its population to its GDP
*C. the percentage of a nation's imports and exports to its GDP
D. all of the above

 5. Economic interdependence is greater for:
*A. small nations
B. large nations
C. developed nations
D. developing nations

6. The gravity model of international trade predicts that trade between two nations is larger  
A. the larger the two nations
B. the closer the nations
C. the more open are the two nations
*D. all of the above

7. International economics deals with:
A. the flow of goods, services, and payments among nations
B. policies directed at regulating the flow of goods, services, and payments
C. the effects of policies on the welfare of the nation
*D. all of the above

 8. International trade theory refers to:
*A. the microeconomic aspects of international trade
B. the macroeconomic aspects of international trade
C. open economy macroeconomics or international finance
D. all of the above

 9. Which of the following is not the subject matter of international finance?
A. foreign exchange markets
B. the balance of payments
*C. the basis and the gains from trade
D. policies to adjust balance of payments disequilibria

10. Economic theory:
A. seeks to explain economic events
B. seeks to predict economic events
C. abstracts from the many detail that surrounds an economic event
*D. all of the above

11. Which of the following is not an assumption generally made in the study of international economics?
A. two nations
B. two commodities
*C. perfect international mobility of factors
D. two factors of production

12. In the study of international economics:
A. international trade policies are examined before the bases for trade
B. adjustment policies are discussed before the balance of payments
C. the case of many nations is discussed before the two-nations case
*D. none of the above

13. International trade is similar to interregional trade in that both must overcome:
*A. distance and space
B. trade restrictions
C. differences in currencies
D. differences in monetary systems

14. The opening or expansion of international trade usually affects all members of society:  
A. positively
B. negatively
*C. most positively but some negatively
D. most negatively but some positively

15. An increase in the dollar price of a foreign currency usually:
A. benefit U.S. importers
*B. benefits U.S. exporters
C. benefit both U.S. importers and U.S. exporters
D. harms both U.S. importers and U.S. exporters

16. Which of the following statements with regard to international economics is true?
A. It is a relatively new field
*B. it is a relatively old field
C. most of its contributors were not economists
D. none of the above

思考题：
1. 为什么学习国际经济学非常重要？
2. 列举体现当前国际经济学问题的一些重要事件，它们为什么重要？
3. 当今世界面临的最重要的国家经济问题是什么？全球化的利弊各是什么？
Chapter 2: The Law of Comparative Advantage    
Multiple-Choice Questions
1. The Mercantilists did not advocate:
*A.free trade
B. stimulating the nation's exports
C. restricting the nations' imports
D. the accumulation of gold by the nation

2. According to Adam Smith, international trade was based on:
*A. absolute advantage
B. comparative advantage
C. both absolute and comparative advantage
D. neither absolute nor comparative advantage

3. What proportion of international trade is based on absolute advantage?
A. All
B. most
*C. some
D. none

4. The commodity in which the nation has the smallest absolute disadvantage is the commodity of its:
A. absolute disadvantage
B. absolute advantage
C. comparative disadvantage
*D. comparative advantage

5. If in a two-nation (A and B), two-commodity (X and Y) world, it is established that nation A has a comparative advantage in commodity X, then nation B must have:
A. an absolute advantage in commodity Y
B. an absolute disadvantage in commodity Y
C. a comparative disadvantage in commodity Y
*D. a comparative advantage in commodity Y

6. If with one hour of labor time nation A can produce either 3X or 3Y while nation B can produce either 1X or 3Y (and labor is the only input):
A. nation A has a comparative disadvantage in commodity X
B. nation B has a comparative disadvantage in commodity Y
*C. nation A has a comparative advantage in commodity X
D. nation A has a comparative advantage in neither commodity

7. With reference to the statement in Question 6:
A. Px/Py=1 in nation A
B. Px/Py=3 in nation B
C. Py/Px=1/3 in nation B
*D. all of the above

8. With reference to the statement in Question 6, if 3X is exchanged for 3Y:
A. nation A gains 2X
*B. nation B gains 6Y
C. nation A gains 3Y
D. nation B gains 3Y

9. With reference to the statement of Question 6, the range of mutually beneficial trade between nation A and B is:
A. 3Y < 3X < 5Y
B. 5Y < 3X < 9Y
*C. 3Y < 3X < 9Y
D. 1Y < 3X < 3Y

10. If domestically 3X=3Y in nation A, while 1X=1Y domestically in nation B:
A. there will be no trade between the two nations
B. the relative price of X is the same in both nations
C. the relative price of Y is the same in both nations
*D. all of the above

11. Ricardo explained the law of comparative advantage on the basis of:
*A. the labor theory of value
B. the opportunity cost theory
C. the law of diminishing returns
D. all of the above

12. Which of the following statements is true?
A. The combined demand for each commodity by the two nations is negatively sloped
B. the combined supply for each commodity by the two nations is rising stepwise
C. the equilibrium relative commodity price for each commodity with trade is        given by the intersection of the demand and supply of each commodity by the two nations
*D. all of the above

13. A difference in relative commodity prices between two nations can be based upon a    difference in:
A. factor endowments
B. technology
C. tastes
*D. all of the above

14. In the trade between a small and a large nation:
A. the large nation is likely to receive all of the gains from trade
*B. the small nation is likely to receive all of the gains from trade
C. the gains from trade are likely to be equally shared
D. we cannot say

15. The Ricardian trade model has been empirically
*A. verified
B. rejected
C. not tested
D. tested but the results were inconclusive

思考题：
比较优势原理所带来的贸易所得是从何而来的？贸易利益又是如何分配的？
现实世界中比较优势是如何度量的？你认为目前中国具有比较优势的商品有哪些？这意味着什么？
比较优势会不会发生变化？什么样的原因可能会导致其变化？
经济学家是如何验证比较优势原理的？
Chapter 3: The Standard Theory of International Trade      
Multiple-Choice Questions
1. A production frontier that is concave from the origin indicates that the nation incurs   increasing opportunity costs in the production of:
A. commodity X only
B. commodity Y only
*C. both commodities
D. neither commodity

2. The marginal rate of transformation (MRT) of X for Y refers to:
A. the amount of Y that a nation must give up to produce each additional unit of X
B. the opportunity cost of X
C. the absolute slope of the production frontier at the point of production
*D. all of the above

3. Which of the following is not a reason for increasing opportunity costs:
*A. technology differs among nations
B. factors of production are not homogeneous
C. factors of production are not used in the same fixed proportion in the production of all commodities
D. for the nation to produce more of a commodity, it must use resources that are less and less suited in the production of the commodity

4. Community indifference curves:
A. are negatively sloped
B. are convex to the origin
C. should not cross
*D. all of the above

5. The marginal rate of substitution (MRS) of X for Y in consumption refers to the:
A. amount of X that a nation must give up for one extra unit of Y and still remain on the same indifference curve
*B. amount of Y that a nation must give up for one extra unit of X and still remain        on the same indifference curve
C. amount of X that a nation must give up for one extra unit of Y to reach a higher indifference curve
D. amount of Y that a nation must give up for one extra unit of X to reach a higher indifference curve

6. Which of the following statements is true with respect to the MRS of X for Y?
A. It is given by the absolute slope of the indifference curve
B. declines as the nation moves down an indifference curve
C. rises as the nation moves up an indifference curve
*D. all of the above

 7. Which of the following statements about community indifference curves is true?
A. They are entirely unrelated to individuals' community indifference curves
B. they cross, they cannot be used in the analysis
*C. the problems arising from intersecting community indifference curves can be overcome by the application of the compensation principle
D. all of the above.

 8. Which of the following is not true for a nation that is in equilibrium in isolation
*A. It consumes inside its production frontier
B. it reaches the highest indifference curve possible with its production frontier
C. the indifference curve is tangent to the nation's production frontier
D. MRT of X for Y equals MRS of X for Y, and they are equal to Px/Py

 9. If the internal Px/Py is lower in nation 1 than in nation 2 without trade:
A. nation 1 has a comparative advantage in commodity Y
B. nation 2 has a comparative advantage in commodity X
*C. nation 2 has a comparative advantage in commodity Y
D. none of the above

10. Nation 1's share of the gains from trade will be greater:
A. the greater is nation 1's demand for nation 2's exports
*B. the closer Px/Py with trade settles to nation 2's pretrade Px/Py
C. the weaker is nation 2's demand for nation 1's exports
D. the closer Px/Py with trade settles to nation 1's pretrade Px/Py

11. If Px/Py exceeds the equilibrium relative Px/Py with trade
A. the nation exporting commodity X will want to export more of X than at    equilibrium
B. the nation importing commodity X will want to import less of X than at     equilibrium
C. Px/Py will fall toward the equilibrium Px/Py
*D. all of the above

12. With free trade under increasing costs:
A. neither nation will specialize completely in production
B. at least one nation will consume above its production frontier
C. a small nation will always gain from trade
*D. all of the above

13. Which of the following statements is false?
A.The gains from trade can be broken down into the gains from exchange and the   gains from specialization
B. gains from exchange result even without specialization
*C. gains from specialization result even without exchange
D. none of the above

14. The gains from exchange with respect to the gains from specialization are always:
A. greater
B. smaller
C. equal
*D. we cannot say without additional information

15. Mutually beneficial trade cannot occur if production frontiers are:
A. equal but tastes are not
B. different but tastes are the same
C. different and tastes are also different
*D. the same and tastes are also the same.

思考题：
国际贸易的标准理论与大卫.李嘉图的比较优势原理有何异同？
两国仅仅由于需求偏好不同可以进行市场分工和狐狸贸易吗？
两国仅仅由于要素禀赋不同和/或生产技术不同可以进行分工和贸易吗?
Chapter 4: Demand and Supply, Offer Curves, and the Terms of Trade    
Multiple Choice Questions
1. Which of the following statements is correct? 
A. The demand for imports is given by the excess demand for the commodity
B. the supply of exports is given by the excess supply of the commodity
C. the supply curve of exports is flatter than the total supply curve of the commodity
*D. all of the above

2. At a relative commodity price above equilibrium
A. the excess demand for a commodity exceeds the excess supply of the commodity
B. the quantity demanded of imports exceeds the quantity supplied of exports
*C. the commodity price will fall
D. all of the above

3. The offer curve of a nation shows:
A. the supply of a nation's imports
B. the demand for a nation's exports
C. the trade partner's demand for imports and supply of exports
*D. the nation's demand for imports and supply of exports

4. The offer curve of a nation bulges toward the axis measuring the nations
A. import commodity
*B. export commodity
C. export or import commodity
D. nontraded commodity

5. Export prices must rise for a nation to increase its exports because the nation:
A. incurs increasing opportunity costs in export production
B. faces decreasing opportunity costs in producing import substitutes
C. faces decreasing marginal rate of substitution in consumption
*D. all of the above

6. Which of the following statements regarding partial equilibrium analysis is false?
A. It relies on traditional demand and supply curves
B. it isolates for study one market
*C. it can be used to determine the equilibrium relative commodity price but not the equilibrium quantity with trade
D. none of the above

7. Which of the following statements regarding partial equilibrium analysis is true?
A. The demand and supply curve are derived from the nation's production frontier and indifference map
B. It shows the same basic information as offer curves
C. It shows the same equilibrium relative commodity prices as with offer curves
*D. all of the above

 8. In what way does partial equilibrium analysis differ from general equilibrium analysis?
A. The former but not the latter can be used to determine the equilibrium price with      trade
B. the former but not the latter can be used to determine the equilibrium quantity   with trade
C. the former but not the latter takes into consideration the interaction among all markets in the economy
*D. the former gives only an approximation to the answer sought.

9. If the terms of trade of a nation are 1.5 in a two-nation world, those of the trade partner are:
A. 3/4
*B. 2/3
C. 3/2
D. 4/3

10. If the terms of trade increase in a two-nation world, those of the trade partner:
*A. deteriorate
B. improve
C. remain unchanged
D. any of the above

11. If a nation does not affect world prices by its trading, its offer curve:
A. is a straight line
B. bulges toward the axis measuring the import commodity
*C. intersects the straight-line segment of the world's offer curve
D. intersects the positively-sloped portion of the world's offer curve

12. If