SINGLE CHOICE QUESTIONS
（ ）1. Which of the following is fal concerning indifference curves黄宗泽主演的电视剧（无差异曲线）?
a. They illustrate how the nation ranks alternative consumption bundles
b. Higher curves refer to more satisfaction
c. They are negatively sloped一个是美玉无瑕（斜率为负）, being bowed out away from the diagram’s origin（原点）
d. They reflect the tastes and preferences of a consumer
（ ）2. Under free trade, Canada would not enjoy any gains from trade with Sweden if Canada:
a. Trades at the Canadian rate of transformation
b. Trades at Sweden’s rate of transformation
c. Specializes completely in the production of its export good
d. Specializes partially in the production of its export good
（ ）3. A ri in the price of imports or a fall in the price of exports will:
a. Improve（改善）the terms of trade
b. Worn（恶化）the terms of trade
c. Expand the production possibilities curve
春节诗歌朗诵d. Contract校园活动策划（收缩） the production possibilities curve
（ ）4. With trade, a country will maximize its satisfaction when it:papi酱老公
a. Moves to the highest possible indifference curve
b. Forces the marginal rate of substitution（边际替代率）to its lowest possible value
c. Consumes more of both goods than it does in autarky（自给自足）
d. Finds its marginal rate of substitution（边际替代率） exceeding its marginal rate of transformation
（ ）5. Given a two-country and two-product world, the United States would enjoy all the attainableword怎么删除最后一页空白页（可得到的） gains from free trade with Canada if it:
a. Trades at the U.S. rate of transformation
b. Trades at the Canadian rate of transformation
c. Specializes completely in the production of both goods
电梯技术
d. Specializes partially in the production of both goods
（ ）6. “The equilibrium relative commodity price at which trade takes place is determined by the conditions of demand and supply for each commodity in both nations. Other things being equal, the nation with the more inten demand for the other nation’s exported good will gain less from trade than the nation with the less inten（强烈的）demand.” This statement was first propod（提出） by:
a. Alfred Marshall with offer curve（提供曲线）analysis
b. John Stuart Mill with the theory of reciprocal demand（相互需求理论）
c. Adam Smith with the theory of absolute advantage
d. David Ricardo with the theory of comparative advantage
（ ）7. A terms-of-trade index that equals 150 indicates that compared to the ba year:
a. It requires a greater output of domestic goods to obtain the same amount of foreign goods
b. It requires a lesr amount of domestic goods to obtain the same amount of foreign goods
c. The price of exports has rin from $100 to $150
d. The price of imports has rin from $100 to $150
（ ）8. Given free trade, small nations tend to benefit the most from trade since they:
a. Are more productive than their large trading partners
b. Are less productive than their large trading partners
c. Have demand preferences and income levels lower than their large trading partners
d. Enjoy terms of trade lying near the opportunity costs of their large trading partners
（ ）9. 一片树叶变呀变John Stuart Mill’s theory of reciprocal demand best applies when trading partners:
a. Are of equal size and importance in the market
b. Produce under increasing cost conditions
c. Partially specialize in the production of commodities
d. Have similar taste and preference levels
（ ）10. Under free trade, Sweden enjoys all of the gains from trade with Holland if Sweden:
a. Trades at Holland’s rate of transformation
b. Trades at Sweden’s rate of transformation
c. Specializes completely in the production of its export good
d. Specializes partially in the production of its export good
（ ）11. The amount of one good that is just sufficient to compensate the consumer for the loss of some amount of another good is referred to as:
a. Absolute cost b. Comparative cost
c. Marginal rate of transformation（边际转换率） d. Marginal rate of substitution（边际替代率）
（ ）12. Which of the following is fal concerning indifference curves?
a. They illustrate how the nation ranks alternative consumption bundles
b. Higher curves refer to more satisfaction
c. They are negatively sloped, being bowed out away from the diagram’s origin（原点）
d. They reflect the tastes and preferences of a consumer
