国际贸易练习题(7-12章)

《国际贸易练习题(7-12章)》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、InternationalTrade(Chapter7-12)Chapter7:GrowthandTradeMultipleChoice1.Onefundamentalsourceoflong-runeconomicgrowthwouldbe:a.Externalscaleeconomies.b.Lowerwages.c.Improvementsinproductiontechnologies.d.Exploitingcomparativeadvantage.ANSWER:CFigure7.1WheatCloth2.ReferringtoFigure7.1,this

2、outwardshiftoftheproductionpossibilitiesfrontierisanexampleof:a.Biasedgrowth.b.Balancedgrowth.c.Themovefromautarkytofreetrade.d.Afallinproductioncosts.ANSWER:A3.Whichofthefollowingstatementsistrue?I.Increasesinacountry'sendowmentsofland,labor,andcapitalwillleadtolong-runeconomicgrowth.

3、II.Improvementsinthetechnologyusedinproductioncanleadtoincreasesinoutput,butcannotleadtolong-runeconomicgrowth.III.Improvementsintechnologyandincreasesintheendowmentsofproductiveinputscanbothcausetheproduction-possibilitycurvetoshiftoutward.a.IandII13a.IandIIIb.I,IIandIIIc.Noneoftheabo

4、veANSWER:B2.Acapital-abundantcountrytradestwogoodswiththerestoftheworld,medicalequipmentandcorn.Medicalequipmentisrelativelycapital-intensive.Anincreaseinthecountry’sendowmentofcapital,withnochangeinthepriceofeithermedicalequipmentorcorn,willcausetheoutputofmedicalequipmentto__________

5、andtheoutputofcornto__________.a.Rise;fallb.Fall;risec.Rise;rised.Fall;fallANSWER:ATrue/FalseQuestions3.Foracountryalreadyengagedintrade,biasedgrowthwillleadtoanincreasedwillingnesstotrade.ANSWER:FALSE4.Ifacountryissmall,thenitstradewillhavenoeffectonitstermsoftrade.ANSWER:TRUE5.Growth

6、couldleadtoeitheranincreaseoradecreaseinacountry'swillingnesstotrade.ANSWER:TRUE6.Growthwithanincreasedwillingnesstoengageininternationaltradewillalwaysimprovetheeconomicwell-beingofacountry.ANSWER:FALSEEssayQuestions7.SupposethatCountryA,whichhasarelativeabundanceofcapital,furtherexpa

7、ndsitsendowmentofcapital.Explainhowthismightaffectthevolume(amount)oftradeandtheinternationaltermsoftradewiththerestoftheworld?Underwhatconditions(ifany)wouldtheeconomicwell-beingofCountryAgodownafterthisincreaseincapital?Explain.POSSIBLERESPONSE:IftheamountofcapitalinCountryAincreas