CHOICE QUESTIONS
( D )1. Which of the following suggests that a nation will export the commodity in the production of which a great deal of its relatively abundant (adj. 丰裕的) and cheap factor is ud?
a. The Linder theory(林德理论) b. The product life cycle theory (产品生命周期理论)
c. The MacDougall theory d. The Heckscher-Ohlin theory (赫克歇尔-俄林理论)
( C )2. According to the factor-endowment theory, a nation will
a. Export that product for which a large amount of the relatively scarce(adj. 稀缺的) resource is ud
b. Import that product in the production of which the relatively abundant(adj. 丰裕的) resource is ud
c. Import that product in the production of which the relatively scarce resource is ud
d. Export and import simultaneously that product for which a large amount of the relatively scarce resource is ud
( B )3. The Leontief paradox (里昂惕夫之谜) questioned the validity (n. 有效性) of the theory of:
a. Comparative advantage b. Factor endowments (要素禀赋)
c. Overlapping demands (重叠需求) d. Absolute advantage
( C )4. According to H-O theorem(H-O定理), differences in( )determine relative price levels and the pattern of trade.
a. Technology level b. Consumers’ preference (消费者偏好)
c. The relative abundance of resources d. Transportation costs
( A )5. Assume that Country A, in the abnce of trade, finds itlf relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution (n. 分配) of national income in Country A will change in favor of (有利于):
a. Labor b. Land c. Both labor and land d. Neither labor nor land
( D )6. The trade model of the Swedish economists Heckscher and Ohlin maintains(v. 认为) that:
a. Absolute advantage determines the distribution of the gains from trade
b. Comparative advantage determines the distribution of the gains from trade
c. The division of labor (劳动分工) is limited by the size of the world market
d. A country exports goods for which its resource endowments (资源禀赋) are most suited
( A )7. According to the factor-endowment theory, relative price levels differ among nations becau
a. The nations have different relative endowments of factor
b. The nations have different market scale(市场规模) and market structure
c. The nations have different population size
d. The nations have different income level
( A )8. Simply put(简单来说), the Stolper-Samuelson theorem (斯托珀---萨缪尔森定理) states that:
a. an increa in the price of an export increas the income of the resources that it us intensively in its production
b. an increa in the price of an export reduces the income earned by resources that are ud intensively in its production
c. an increa in the price of an export reduces the income of all factors that it us s in its production
d. an increa in the price of an export increas the income of all factors ud in its production
( C )9. The Stolper-Samuelson theorem (斯托尔珀---萨缪尔森定理) suggests that even though free trade may provide overall gains for a country, there are winners and lors. Given this conclusion (n. 结论), it is not surprising that
a. Owners of relatively abundant(adj. 丰裕的) resources and owners of relatively scarce(adj. 稀缺的) factors tend to favor(v. 支持,赞同) free trade
b. Owners of relatively abundant resources and owners of relatively scarce factors tend to favor trade restrictions(贸易限制)
c. Owners of relatively abundant resources tend to favor free trade, while (conj. 但是,然而) owners of relatively scarce factors tend to favor trade restrictions
d. Owners of relatively abundant resources tend to trade restrictions, while owners of relatively scarce factors tend to favor free trade
( A )10. Rearchers have increasingly focud on (致力于) the importance of worker skills in the creation of comparative advantage. Investments in skill, education, and training, which enhance (v. 提高,增加) a worker’s productivity, create( ) in much the same manner that investments in machinery create physical capital (实物资本,有形资本).
a. Human capital b. Human resource c. Physical capital d. New taste and preference