经济学原理对应练习31.docx
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经济学原理对应练习31.docx
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经济学原理对应练习31
Chapter31
Open-EconomyMacroeconomics:
BasicConcepts
MultipleChoice
1.Internationaltrade
a.raisesthestandardoflivinginalltradingcountries.
b.lowersthestandardoflivinginalltradingcountries.
c.leavesthestandardoflivingunchanged.
d.raisesthestandardoflivingforimportingcountriesandlowersitforexportingcountries.
ANS:
APTS:
1DIF:
1REF:
31-1
TOP:
InternationaltradeMSC:
Definitional
2.Foreign-producedgoodsandservicesthataresolddomesticallyarecalled
a.imports.
b.exports.
c.netimports.
d.netexports.
ANS:
APTS:
1DIF:
1REF:
31-1
TOP:
ImportsMSC:
Definitional
3.Netexportsofacountryarethevalueof
a.goodsandservicesimportedminusthevalueofgoodsandservicesexported.
b.goodsandservicesexportedminusthevalueofgoodsandservicesimported.
c.goodsexportedminusthevalueofgoodsimported.
d.goodsimportedminusthevalueofgoodsexported.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
4.Oneyearacountryhasnegativenetexports.Thenextyearitstillhasnegativenetexportsandimportshaverisenmorethanexports.
a.itstradesurplusfell.
b.itstradesurplusrose.
c.itstradedeficitfell.
d.itstradedeficitrose
ANS:
DPTS:
1DIF:
2REF:
31-1
TOP:
TradebalanceMSC:
Analytical
5.Supposethatacountryimports$100millionofgoodsandservicesandexports$75millionofgoodsandservices,whatisthevalueofnetexports?
a.$175million
b.$75million
c.$25million
d.-$25million
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
6.Oceaniabuys$40ofwinefromEscudiaandEscudiabuys$100ofwoolfromOceania.Supposingthisistheonlytradethatthesecountriesdo.WhatarethenetexportsofOceaniaandEscudiainthatorder?
a.$140and$140
b.$100and$40
c.$60and-$60
d.Noneoftheaboveiscorrect.
ANS:
CPTS:
1DIF:
2REF:
31-1
TOP:
NetexportsMSC:
Analytical
7.WhenDee,aU.S.citizen,purchasesadesignerdressmadeinMilan,thepurchaseis
a.bothaU.S.andItalianimport.
b.aU.S.exportandanItalianimport.
c.aU.S.importandanItalianexport.
d.neitheranexportnoranimportforeithercountry.
ANS:
CPTS:
1DIF:
1REF:
31-1
TOP:
Imports|ExportsMSC:
Definitional
8.JuanlivesinEcuadorandpurchasesamotorcyclemanufacturedintheUnitedStates.Themotorcycleis
a.bothaU.S.andEcuadorianexport.
b.bothaU.S.andEcuadorianimport.
c.aU.S.importandanEcuadorianexport.
d.aU.S.exportandanEcuadorianimport.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
Exports|ImportsMSC:
Definitional
9.IfU.S.importstotal$100billionandU.S.exportstotal$150billion,whichofthefollowingiscorrect?
a.TheU.S.hasatradesurplusof$100billion.
b.TheU.S.hasatradesurplusof$50billion.
c.TheU.S.hasatradedeficitof$100billion.
d.TheU.S.hasatradedeficitof$50billion.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
10.ThevalueofPeru'sexportsminusthevalueofPeru'simportsiscalled
a.Peru'sforeignportfolioinvestment.
b.Peru'sforeigndirectinvestment.
c.Peru'snetexports.
d.Peru'snetimports.
ANS:
CPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
11.Sonya,acitizenofDenmark,producesbootsandshoesthatshesellstodepartmentstoresintheUnitedStates.Otherthingsthesame,thesesales
a.increaseU.S.netexportsandhavenoeffectonDanishnetexports.
b.decreaseU.S.netexportsandhavenoeffectonDanishnetexports.
c.increaseU.S.netexportsanddecreaseDanishnetexports.
d.decreaseU.S.netexportsandincreaseDanishnetexports.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
12.AfirminChinasellsjacketstoaU.S.departmentstorechain.Otherthingsthesame,thesesales
a.increasesU.S.andChinesenetexports.
b.decreaseU.S.andChinesenetexports.
c.increaseU.S.netexportsanddecreaseChinesenetexports.
d.decreasesU.S.netexportsandincreaseChinesenetexports.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
13.Ivan,aRussiancitizen,sellsseveralhundredcasesofcaviartoarestaurantchainintheUnitedStates.Byitself,thissale
a.increasesU.S.netexportsandhasnoeffectonRussiannetexports.
b.increasesU.S.netexportsanddecreasesRussiannetexports.
c.decreasesU.S.netexportsandhasnoeffectonRussiannetexports.
d.decreasesU.S.netexportsandincreasesRussiannetexports.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
14.BobtrapslobstersinMaineandsellsthemtoarestaurantinEgypt.Otherthingsthesame,thesesales
a.increaseU.S.netexportsandhasnoeffectonEgyptiannetexports.
b.increaseU.S.netexportsanddecreaseEgyptiannetexports.
c.decreaseU.S.netexportsandhavenoeffectonEgyptiannetexports.
d.decreaseU.S.netexportsandincreaseEgyptiannetexports.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
15.Supposeacountryhad$2.4billionofnetexportsandbought$4.8billionofgoodsandservicesfromforeigncountries.Thiscountrywouldhave
a.$7.2billionofexportsand$4.8billionofimports.
b.$7.2billionofimportsand$4.8billionofexports.
c.$4.8billionofexportsand$2.4billionofimports.
d.$4.8billionofimportsand$2.4billionofexports.
ANS:
APTS:
1DIF:
2REF:
31-1
TOP:
NetexportsMSC:
Analytical
16.Supposeacountryhadnetexportsof$8.3billionandsold$52.4billionofgoodsandservicesabroad.Thiscountryhad
a.$60.7billionofimportsand$52.4billionofimports.
b.$60.7billionofexportsand$52.4ofimports.
c.$52.4billionofimportsand$44.1billionofexports.
d.$52.4billionofexportsand$44.1billionofimports.
ANS:
DPTS:
1DIF:
2REF:
31-1
TOP:
NetexportsMSC:
Analytical
17.Mike,aU.S.citizen,buys$1,000worthofcheesefromFrance.Hisactionalone
a.increasesU.S.importsby$1,000andincreasesU.S.netexportsby$1,000.
b.increasesU.S.importsby$1,000anddecreasesU.S.netexportsby$1,000.
c.increasesU.S.exportsby$1,000andincreasesU.S.netexportsby$1,000.
d.increasesU.S.exportsby$1,000anddecreasesU.S.netexportsby$1,000.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
18.ClearBrookFarms,aU.S.manufactureroffrozenvegetarianentrees,sellscasesoftheirproducttostoresoverseas.Itssales
a.decreaseU.S.exportsbutincreaseU.S.netexports.
b.decreasebothU.S.exportsandU.S.netexports.
c.increasebothU.S.exportsandU.S.netexports.
d.increaseU.S.exportsbutdecreaseU.S.netexports.
ANS:
CPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
19.YoubuyanewcarbuiltinSweden.Otherthingsthesame,yourpurchasebyitself
a.raisesbothU.S.exportsandU.S.netexports.
b.raisesU.S.exportsandlowersU.S.netexports.
c.raisesbothU.S.importsandU.S.netexports.
d.raisesU.S.importsandlowersU.S.netexports.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Definitional
20.AGermancompanysellscamerastoaretailerintheUnitedStates.Thesesalesbythemselves
a.havenoaffectonU.S.netexportsandincreaseGermannetexports.
b.decreaseU.S.netexportsandincreaseGermannetexports.
c.increaseU.S.andGermannetexports.
d.increaseU.S.netexportsanddecreaseGermannetexports.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
21.Acountrysellsmoretoforeigncountriesthanitbuysfromthem.Ithas
a.atradesurplusandpositivenetexports.
b.atradesurplusandnegativenetexports.
c.atradedeficitandpositivenetexports.
d.atradedeficitandnegativenetexports.
ANS:
APTS:
1DIF:
1REF:
31-1
TOP:
Netexports|TradebalanceMSC:
Definitional
22.Acountry'stradebalance
a.mustbezero.
b.mustbegreaterthanzero.
c.isgreaterthanzeroonlyifexportsaregreaterthanimports.
d.isgreaterthanzeroonlyifimportsaregreaterthanexports.
ANS:
CPTS:
1DIF:
1REF:
31-1
TOP:
NetexportsMSC:
Applicative
23.IftheUnitedStateshadnegativenetexports,it
a.soldmoreabroadthanitpurchasedabroadandhasatradesurplus.
b.soldmoreabroadthanitpurchasedabroadandhasatradedeficit.
c.boughtmoreabroadthanitsoldabroadandhadatradesurplus.
d.boughtmoreabroadthanitsoldabroadandhadatradedeficit.
ANS:
DPTS:
1DIF:
1REF:
31-1
TOP:
Netexports|TradebalanceMSC:
Applicative
24.Whichofthefollowingiscorrect?
a.U.S.exportsasapercentageofGDPhaveaboutdoubledoverthelast50years.TheU.S.currentlyhasatradesurplus.
b.U.S.exportsasapercentageofGDPhaveaboutdoubledoverthelast50years.TheU.S.currentlyhasatradedeficit.
c.U.S.exportsasapercentageofGDPhaveincreased,buthavenotnearlydoubledoverthelast50years.TheU.S.currentlyhasatradesurplus.
d.U.S.exportsasapercentageofGDPhaveincreased,buthavenotnearlydoubledoverthelast50years.TheU.S.currentlyhasatradedeficit.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
U.S.tradeMSC:
Definitional
25.Whichofthefollowingiscorrect?
Overaboutthelastfiftyyears
a.U.S.exportsandU.S.importseachaboutdoubled.
b.U.S.exportsandU.S.importseachabouttripled.
c.U.S.exportsaboutdoubledandU.S.importsabouttripled.
d.U.S.exportsabouttripledandU.S.importsaboutdoubled.
ANS:
CPTS:
1DIF:
1REF:
31-1
TOP:
U.S.tradeMSC:
Definitional
26.Overthepastfivedecades,theU.S.economyhasbecome
a.moreclosed.
b.moreopen.
c.lesstrade-oriented.
d.moreself-sufficient.
ANS:
BPTS:
1DIF:
1REF:
31-1
TOP:
U.S.tradeMSC:
Definitional
27.AboutwhatpercentageofGDPareU.S.
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