经济学原理对应练习09Word下载.docx
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经济学原理对应练习09Word下载.docx
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9-0
TOP:
InternationaltradeMSC:
Interpretive
2.WithwhichoftheTenPrinciplesofEconomicsisthestudyofinternationaltrademostcloselyconnected
a.Peoplefacetradeoffs.
b.Tradecanmakeeveryonebetteroff.
c.Governmentscansometimesimprovemarketoutcomes.
d.Pricesrisewhenthegovernmentprintstoomuchmoney.
BPTS:
3.Alogicalstartingpointfromwhichthestudyofinternationaltradebeginsis
a.therecognitionthatnotallmarketsarecompetitive.
b.therecognitionthatgovernmentinterventioninmarketssometimesenhancestheeconomicwelfareofthesociety.
c.theprincipleofabsoluteadvantage.
d.theprincipleofcomparativeadvantage.
DPTS:
Internationaltrade|ComparativeadvantageMSC:
4.Ataxonanimportedgoodiscalleda
a.quota.
b.tariff.
c.supplytax.
d.tradetax.
9-1
TariffsMSC:
Definitional
5.Thepriceofagoodthatprevailsinaworldmarketiscalledthe
a.absoluteprice.
b.relativeprice.
c.comparativeprice.
d.worldprice.
Price|WorldtradeMSC:
6.Thepriceofcottonthatprevailsininternationalmarketsiscalledthe
a.exportpriceofcotton.
b.importpriceofcotton.
c.comparative-advantagepriceofcotton.
d.worldpriceofcotton.
Internationaltrade|PricesMSC:
7.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeishigherthantheworldprice,
a.thecountrywillbeanexporterofthegood.
b.thecountrywillbeanimporterofthegood.
c.thecountrywillbeneitheranexporternoranimporterofthegood.
d.Additionalinformationisneededaboutdemandtodeterminewhetherthecountrywillbeanexporterofthegood,animporterofthegood,orneither.
2REF:
Prices|ImportsMSC:
8.Ifacountryallowstradeand,foracertaingood,thedomesticpricewithouttradeislowerthantheworldprice,
Prices|ExportsMSC:
9.Foranycountry,iftheworldpriceofcomputersishigherthanthedomesticpriceofcomputerswithouttrade,thatcountryshould
a.exportcomputers,sincethatcountryhasacomparativeadvantageincomputers.
b.importcomputers,sincethatcountryhasacomparativeadvantageincomputers.
c.neitherexportnorimportcomputers,sincethatcountrycannotgainfromtrade.
d.neitherexportnorimportcomputers,sincethatcountryalreadyproducescomputersatalowcostcomparedtoothercountries.
Exports|ComparativeadvantageMSC:
Applicative
10.IftheworldpriceoftextilesishigherthanVietnam’sdomesticpriceoftextileswithouttrade,thenVietnam
a.shouldimporttextiles.
b.hasacomparativeadvantageintextiles.
c.shouldproducejustenoughtextilestomeetitsdomesticdemand.
d.shouldrefrainaltogetherfromproducingtextiles.
Price|ComparativeadvantageMSC:
11.Assume,forCanada,thatthedomesticpriceofsteelwithoutinternationaltradeishigherthantheworldpriceofsteel.Thissuggeststhat,intheproductionofsteel,
a.CanadahasacomparativeadvantageoverothercountriesandCanadawillimportsteel.
b.CanadahasacomparativeadvantageoverothercountriesandCanadawillexportsteel.
c.othercountrieshaveacomparativeadvantageoverCanadaandCanadawillimportsteel.
d.othercountrieshaveacomparativeadvantageoverCanadaandCanadawillexportsteel.
CPTS:
Comparativeadvantage|PricesMSC:
12.Assume,forthe.,thatthedomesticpriceofbeefwithoutinternationaltradeislowerthantheworldpriceofbeef.Thissuggeststhat,intheproductionofbeef,
a.the.hasacomparativeadvantageoverothercountriesandthe.willexportbeef.
b.the.hasacomparativeadvantageoverothercountriesandthe.willimportbeef.
c.othercountrieshaveacomparativeadvantageoverthe.andthe.willexportbeef.
d.othercountrieshaveacomparativeadvantageoverthe.andthe.willimportbeef.
13.SupposetheUnitedStatesexportscarstoFranceandimportscheesefromSwitzerland.Thissituationsuggeststhat
a.theUnitedStateshasacomparativeadvantagerelativetoSwitzerlandinproducingcheese,andFrancehasacomparativeadvantagerelativetotheUnitedStatesinproducingcars.
b.theUnitedStateshasacomparativeadvantagerelativetoFranceinproducingcars,andSwitzerlandhasacomparativeadvantagerelativetotheUnitedStatesinproducingcheese.
c.theUnitedStateshasanabsoluteadvantagerelativetoSwitzerlandinproducingcheese,andFrancehasanabsoluteadvantagerelativetotheUnitedStatesinproducingcars.
d.theUnitedStateshasanabsoluteadvantagerelativetoFranceinproducingcars,andSwitzerlandhasanabsoluteadvantagerelativetotheUnitedStatesinproducingcheese.
ComparativeadvantageMSC:
14.Tradeamongnationsisultimatelybasedon
a.absoluteadvantage.
b.strategicadvantage.
c.comparativeadvantage.
d.technicaladvantage.
Trade|ComparativeadvantageMSC:
15.Acountryhasacomparativeadvantageinaproductiftheworldpriceis
a.lowerthanthatcountry’sdomesticpricewithouttrade.
b.higherthanthatcountry’sdomesticpricewithouttrade.
c.equaltothatcountry’sdomesticpricewithouttrade.
d.notsubjecttomanipulationbyorganizationsthatgoverninternationaltrade.
16.SupposeHaitihasacomparativeadvantageoverothercountriesinproducingsugar,butothercountrieshaveanabsoluteadvantageoverHaitiinproducingsugar.Iftradeinsugarisallowed,Haiti
a.willimportsugar.
b.willexportsugar.
c.willeitherexportsugarorexportsugar,butitisnotclearfromthegiveninformation.
d.wouldhavenothingtogaineitherfromexportingorimportingsugar.
Comparativeadvantage|AbsoluteadvantageMSC:
17.When,inouranalysisofthegainsandlossesofinternationaltrade,weassumethatacountryissmall,weareineffectassumingthatthecountry
a.cannotexperiencesignificantgainsorlossesbytradingwithothercountries.
b.cannothaveasignificantcomparativeadvantageoverothercountries.
c.cannotaffectworldpricesbytradingwithothercountries.
d.Alloftheabovearecorrect.
9-2
Prices|InternationaltradeMSC:
18.When,inouranalysisofthegainsandlossesfrominternationaltrade,weassumethataparticularcountryissmall,weare
a.assumingthedomesticpricebeforetradewillcontinuetoprevailoncethatcountryisopeneduptotradewithothercountries.
b.assumingthereisnodemandforthatcountry’sdomestically-producedgoodsbyothercountries.
c.assuminginternationaltradecanbenefitproducers,butnotconsumers,inthatcountry.
d.makinganassumptionthatisnotnecessarytoanalyzethegainsandlossesfrominternationaltrade.
Assumptions|InternationaltradeMSC:
19.Inanalyzingthegainsandlossesfrominternationaltrade,tosaythatMoldovaisasmallcountryistosaythat
a.Moldovacanonlyimportgoods;
itcannotexportgoods.
b.Moldova’schoiceofwhichgoodstoexportandwhichgoodstoimportisnotbasedontheprincipleofcomparativeadvantage.
c.onlythedomesticpriceofagoodisrelevantforMoldova;
theworldpriceofagoodisirrelevant.
d.Moldovaisapricetaker.
20.Whenacountryallowstradeandbecomesanexporterofagood,
a.domesticproducersgainanddomesticconsumerslose.
b.domesticproducersloseanddomesticconsumersgain.
c.domesticproducersanddomesticconsumersbothgain.
d.domesticproducersanddomesticconsumersbothlose.
Exports|GainsfromtradeMSC:
21.Whenacountryallowstradeandbecomesanimporterofagood,
a.bothdomesticproducersanddomesticconsumersbecomebetteroff.
b.domesticproducersbecomebetteroff,anddomesticconsumersbecomeworseoff.
c.domesticproducersbecomeworseoff,anddomesticconsumersbecomebetteroff.
d.bothdomesticproducersanddomesticconsumersbecomeworseoff.
Imports|GainsfromtradeMSC:
22.Whenacountryallowstradeandbecomesanimpo
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