国际贸易练习题(7-12章).doc

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

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

3、nologyusedinproductioncanleadtoincreasesinoutput,butcannotleadtolong-runeconomicgrowth.III.Improvementsintechnologyandincreasesintheendowmentsofproductiveinputscanbothcausetheproduction-possibilitycurvetoshiftoutward.a.IandIIa.IandIIIb.I,IIandIIIc.NoneoftheaboveANSWER:B2.Acapital-abundantcountrytr

4、adestwogoodswiththerestoftheworld,medicalequipmentandcorn.Medicalequipmentisrelativelycapital-intensive.Anincreaseinthecountry’sendowmentofcapital,withnochangeinthepriceofeithermedicalequipmentorcorn,willcausetheoutputofmedicalequipmentto__________andtheoutputofcornto__________.a.Rise;fallb.Fall;r

5、isec.Rise;rised.Fall;fallANSWER:ATrue/FalseQuestions3.Foracountryalreadyengagedintrade,biasedgrowthwillleadtoanincreasedwillingnesstotrade.ANSWER:FALSE4.Ifacountryissmall,thenitstradewillhavenoeffectonitstermsoftrade.ANSWER:TRUE5.Growthcouldleadtoeitheranincreaseoradecreaseinacountry'swillingnesst

6、otrade.ANSWER:TRUE6.Growthwithanincreasedwillingnesstoengageininternationaltradewillalwaysimprovetheeconomicwell-beingofacountry.ANSWER:FALSEEssayQuestions7.SupposethatCountryA,whichhasarelativeabundanceofcapital,furtherexpandsitsendowmentofcapital.Explainhowthismightaffectthevolume(amount)oftrade

7、andtheinternationaltermsoftradewiththerestoftheworld?Underwhatconditions(ifany)wouldtheeconomicwell-beingofCountryAgodownafterthisincreaseincapital?Explain.POSSIBLERESPONSE:IftheamountofcapitalinCountryAincreases