国贸理论双语教学英文练习题Word文档格式.docx
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国贸理论双语教学英文练习题Word文档格式.docx
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b.Mercantilistsbelievedthatonecountry’sgainsfromtradecameattheexpenseofanothercountryorcountries’wellbeing.
c.Domesticproducerswereoftenhurtbymercantilism.
d.Mercantilismfocusedontheaccumulationofgoldandsilverbullion.
6.IfBritain’slaborproductivityintheproductionofumbrellasisgreaterthantherestoftheworld’slaborproductivityinumbrellas,wewouldsaythatBritainhasa(n)_______intheproductionofumbrellas.
a.comparativeadvantageb.absoluteadvantage
c.opportunitycostd.superiority
7.Inthetwo-country,two-goodmodel,whichofthefollowingistrue?
(1)Asaresultoftrade,atleastonecountryisbetteroffandthatcountry’sgaindoesnotreducetheeconomicwelfareoftheothercountry.
(2)Bothcountriescangainfromtradebydividingthebenefitsoftheenhancedglobalproduction.
a.
(1)b.
(2)c.Both
(1)and
(2)d.Neither
(1)nor
(2)
Table3.1
IntheUnitedKingdom
IntheRestoftheWorld
Productivity
Umbrellasperlaborhour
1.00
0.50
Bushelsofcornperlaborhour
0.20
0.70
8.RefertoTable3.1.Thenumberoflaborhourstomake1umbrellaintheUnitedKingdomis:
a.0.5.b.1.c.1.43.d.2.
9.RefertoTable3.1.Thenumberoflaborhourstoproduce1bushelofcornintheRestoftheWorldis:
10.RefertoTable3.1.GiventheproductivityinformationinTable3.1,therestoftheworldhasanabsoluteadvantageintheproductionof_______andtheUnitedKingdomhasanabsoluteadvantageintheproductionof_______.
a.umbrellas;
cornb.corn;
umbrellas
c.corn;
neithergoodd.neithergood;
11.RefertoTable3.1.IftheUnitedKingdomshifts1houroflaborfromtheproductionofcorntotheproductionofumbrellasandtherestoftheworldshifts1houroflaborfromtheproductionofumbrellastotheproductionofcorn,totalworldproductionofcornwill_______by_______bushelsandtotalworldproductionofumbrellaswill_______by_______.
a.increase;
1;
decrease;
1b.increase;
1.43;
increase1
c.increase;
0.5;
increase;
0.5d.decrease;
0.7
12.Thetheoryofcomparativeadvantagewasfirstpresentedby:
a.AdamSmith.b.KarlMarx.c.DavidRicardo.d.EliHeckscher.
13.Ifacountryexportsthegoodthatitcanproduceatalowopportunitycostandimportsthosegoodsthatitwouldotherwiseproduceatahighopportunitycost,wesaythatsuchtradeisbasedupon_______.
a.absoluteadvantageb.arbitrage
c.laborproductivitydifferencesd.comparativeadvantage
Table3.3
6
1
4
3
14.RefertoTable3.3.TheUnitedKingdomhasanabsoluteadvantageintheproductionof_______andtheRestoftheWorldhasanabsoluteadvantageintheproductionof_______.
a.bothgoods;
neithergoodb.neithergood;
bothgoods
c.umbrellas;
cornd.corn;
15.RefertoTable3.3.TheUnitedKingdomhasacomparativeadvantageintheproductionof______andtheRestoftheWorldhasacomparativeadvantageintheproductionof_______.
16.RefertoTable3.3.TheopportunitycostofproducingabushelofcornintheUnitedKingdomis_______umbrellasandtheopportunitycostofproducingabushelofcornintheRestoftheWorldis_______umbrellas.
a.2/3;
3b.3;
2/3c.3/2;
1/3d.1/3;
3/2
27.RefertoTable3.3.TheopportunitycostofproducinganumbrellaintheUnitedKingdomis_______bushelsofcornandtheopportunitycostofproducinganumbrellaintheRestoftheWorldis_______bushelsofcorn.
18.RefertoTable3.3.Oncetradeisopened,wecananticipatethattheinternationalpriceofumbrellaswillliebetween_______and_______.
a.2/3ofabushelofcorn;
3bushelsofcorn
b.3/2bushelsofcorn;
2/3ofabushelofcorn
c.3/2ofabushelofcorn;
1/3ofabushelofcorn
d.3bushelsofcorn;
19.RefertoTable3.3.Oncetradeisopen,wecananticipatethattheinternationalpriceofcornwillliebetween_______and_______.
a.2/3ofanumbrella;
3umbrellasb.3/2umbrellas;
2/3ofanumbrella
c.3/2umbrellas;
1/3ofanumbrellad.3umbrellas;
3/2umbrellas
20.Whichofthefollowingtheoriespredictsthatacountrywillexportthosegoodsthatusethecountry’sabundantfactor(s)intensivelyinproductionandimportthosegoodsthatusethecountry’sscarcefactor(s)intensivelyinproduction?
a.Absoluteadvantageb.Comparativeadvantage
c.Heckscher-Ohlintheoryd.theproductiondifferentiationmodel
21.IfCountryAislabor-abundantandcapital-scarce,CountryBislabor-scarceandcapital-abundant,GoodXisproducedinalabor-intensiveprocess,andGoodYisproducedinacapital-intensiveprocess,wewouldexpectthat:
a.CountryAwouldexportGoodX.b.CountryBwouldimportGoodY.
c.CountryAwouldimportGoodX.
d.CountryBwouldimportbothGoodXandGoodY.
22.Aproductisrelatively_______iflaborcostsareagreaterproportionoftheproduct’svaluethantheyarethevalueofotherproducts.
a.capital-abundantb.labor-abundant
c.capital-intensived.labor-intensive
23.IfCountryAhasarelativelyhigherratiooflabortotheotherfactorsofproductionthandoesCountryB,then:
a.CountryAislabor-abundant.b.CountryAislabor-scarce.
c.CountryAislabor-intensive.d.CountryBislabor-intensive.
24.Giventhefollowingrelationship:
(U.K.landsupply)<
(Restoftheworld’slandsupply)
(U.K.laborsupply)>
(Restoftheworld’slaborsupply)
onecanconcludethat:
a.theU.Kislaborabundant.b.theU.K.islaborintensive.
c.theRestoftheWorldislaborabundant.d.theRestoftheWorldislandintensive.
25.Whichofthefollowingeconomistsproposedaninternationaltrademodelthatexplainsinternationaltradepatternsusingfactorproportions?
a.AdamSmithb.DavidRicardo
c.EliHeckscherandBertilOhlind.JosephStiglitz
True/FalseQuestions
26.DavidRicardoistheauthoroftheWealthofNations.
27.AdamSmith’stheoryofabsoluteadvantagereliedonthelabortheoryofvalue.
28.Mercantilistsbelievedthatwhenonecountrybenefitedfrominternationaltradeitwasattheexpenseofanothercountryorcountries.
29.IfCountryXhasahigherleveloflaborproductivitythantherestoftheworldintheproductionofagood,itissaidthatCountryXhasacomparativeadvantageintheproductionofthegood.
30.Ifacountrydoesnothaveanabsoluteadvantageintheproductionofaleastonegood,thentradewillnottakeplace.
31.IfCountryAismoreproductivethanCountryBintheproductionofbothGoodXandGoodY,theneconomistsexpectthatCountryAwillproduceeverythingandexportbothGoodXandGoodYtoCountryB.
32.Inthetwo-country,two-goodmodel,bothcountriescangainfromtradeaslongastheirrelativeadvantagesanddisadvantagesinproducingdifferentgoodsaredifferent.
33.Heckscher-Ohlintheoryreliesuponthefactorproportionsusedintheproductionofdifferentgoodsanddifferencesintheendowmentsofdifferentfactorsindifferentcountriestoexplaininternationaltradepatterns.
34.IfCountryAisrelativelyland-abundantandCountryBisrelativelylabor-abundant,Heckscher-OhlintheorypredictsthatCountryAwillexporttextiles(arelativelylabor-intensivegood)andCountryBwillexportcorn(arelativelyland-intensivegood).
35.Heckscher-Ohlintheorypredictsthattradeoccursbecauseofdifferencesin:
a.theavailabilityoffactorinputstoproductionacrosscountries.
b.theproportionsoffactorinputsusedintheproductionofdifferent
products.
c.thecompositionoftheworkforceinacountry.d.bothaandb.
36.Thetheorythatpredictsthattradeoccursbecauseofdifferencesintheavailabilityoffactorinputsacrosscountriesandthedifferencesintheproportionsinwhichthefactorinputsareusedinproducingdifferentproductsiscalled:
a.theStolper-Samuelsontheory.b.theHeckscher-Ohlintheory.
c.comparativeadvantage.d.absoluteadvantage.
37.InCountryXlandisrelativelyabundantandlaborisrelativelyscarce.Intheshort-runaftertradeopens,weexpectthat:
a.landlordswillchargelowerrentsandfarmworkerswillearnlowerwages.
b.landlordswillchargelowerrentsandfarmworkerswillearnhigherwages.
c.landlordswillchargehigherrentsandfarmworkerswillearnlowerwages.
d.landlordswillchargehigherrentsandfarmworkerswillearnhigherwages.
38.Whichofthefollowingpredictsthatinthelong-runfollowingtheopeningoftrade,laborwillearnthesamewageinthedomesticmarketandintheforeignmarket?
a.Factor-PriceEqualizationTheoremb.Specialized-FactorPattern
c.Heck
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