国际经济学英文版上册(第八版)章节练习第五章.doc

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1、InternationalEconomics,8e(Krugman)Chapter5TheStandardTradeModel1)Theconcept"termsoftrade"meansA)theamountofexportssoldbyacountry.B)thepriceconditionsbargainedforininternationalmarkets.C)thepriceofacountry'sexportsdividedbythepriceofitsimports.D)thequantitiesofimportsreceivedinfreetrade.E)Noneofthe

2、above.Answer:C2)AcountrycannotproduceamixofproductswithahighervaluethanwhereA)theisovaluelineintersectstheproductionpossibilityfrontier.B)theisovaluelineistangenttotheproductionpossibilityfrontier.C)theisovaluelineisabovetheproductionpossibilityfrontier.D)theisovaluelineisbelowtheproductionpossibi

3、lityfrontier.E)theisovaluelineistangentwiththeindifferencecurve.Answer:B3)TastesofindividualsarerepresentedbyA)theproductionpossibilityfrontier.B)theisovalueline.C)theindifferencecurve.D)theproductionfunction.E)Noneoftheabove.Answer:C4)IfPC/PFweretoincreaseintheinternationalmarketplace,thenA)allco

4、untrieswouldbebetteroff.B)thetermsoftradeofclothexportersimprove.C)thetermsoftradeoffoodexportersimprove.D)thetermsoftradeofallcountriesimprove.E)Noneoftheabove.Answer:B5)IfPC/PFweretoincrease,A)theclothexporterwouldincreasethequantityofclothexports.B)theclothexporterwouldincreasethequantityofclot

5、hproduced.C)thefoodexporterwouldincreasethequantityoffoodexports.D)BothAandC.E)Noneoftheabove.Answer:B6)IfasmallcountryweretolevyatariffonitsimportsthenthiswouldA)havenoeffectonthatcountry'seconomicwelfare.B)increasethecountry'seconomicwelfare.C)decreasethecountry'seconomicwelfare.D)changetheterms

6、oftrade.E)Noneoftheabove.Answer:C7)SupposenowthatHomeexperiencesgrowthstronglybiasedtowarditsexport,cloth,A)thiswilltendtoworsenHome'stermsoftrade.B)thiswilltendtoimproveHome'stermsoftrade.C)thiswilltendtoworsenForeign'stermsoftrade.D)thiswillhavenoeffectonForeign'stermsoftrade.E)Noneoftheabove.An

7、swer:A8)SupposethatHomeisa"smallcountry,"anditexperiencesgrowthstronglybiasedtowarditsexport,clothA)thiswilltendtoworsenHome'stermsoftradeB)thiswilltendtoimproveHome'stermsoftradeC)thiswilltendtoworsenForeign'ste