1Chapter 2 World Trade—An Overview
1⏹ Multiple Choice Questions
1. What percent of all world production of goods and rvices is exported to other countries?
(a) 10%
(b) 25%
(c) 50%
(d) 100%
(e) None of the above
Answer: B
2. What percent of all world imports of goods and rvices were exported?
(a) 10%
(b) 25%
(c) 50%
(d) 100%
(e) None of the above.
Answer: D
3. What percent of all world consumption (private and public, including real investment) was imported?
(a) 10%
(b) 25%
(c) 50%
(d) 100%
(e) None of the above.
Answer: B
4. The gravity model, that states that size matters, predicts that the weight of the traded good will ________ related to its likelihood to be exported
(a) be directly
(b) be inverly
(c) not be
(d) All of the above
(e) None of the above
Answer: E
5. The gravity model offers a logical explanation for the fact that
书包里的故事作文600字(a) Trade between Asia and the U.S. has grown faster than NAFTA trade.
(b) Trade in rvices has grown faster than trade in goods.
(c) Trade in manufactures has grown faster than in agricultural products
(d) Intra-European Union trade exceeds International Trade of the European Union.
(e) None of the above
Answer: D
6. The gravity model suggests that over time
(a) trade between neighboring countries will increa
(b) trade between all countries will increa
(c) world trade will eventually be swallowed by a black hole.
(d) trade between Earth and other planets will become important
(e) None of the above
Answer: E
7. The gravity model explains why
(a) trade between Sweden and Germany exceeds that between Sweden and Spain
(b) countries with oil rerves tend to export oil.
(c) capital rich countries export capital intensive products
(d) intra-industry trade is relatively more important than other forms of trade between neighboring countries.
(e) None of the above
Answer: A
8. According to the gravity model, 税收征收管理法a characteristic that tends to affect the probability of trade existing between any two countries is
(a) their cultural affinity
(b) the average weight/value of their traded goods
(c) their colonial—historical ties
(d) the distance between them
(e) the number of varieties produced on the average by their industries.
Answer: D
9. The one single trade partner country of the U.S. is
(a) United Kingdom
(b) Canada
(c) Mexico
(d) Japan
(e) Israel
Answer: B
10. In general which of the following tend to promote the probability of trade volumes between two countries军训
(a) Linguistic and/or cultural affinity
(b) Historical ties
(c) Sizes of economies
(d) Mutual membership in preferential trade agreements
(e) All of the above
Answer: E
11. Since World War II (the early 1950s), the proportion of most countries’ production being ud in some other country
(a) remained constant
(b) incread
(c) decread
(d) fluctuated widely with no clear trend
(e) both (a) and (d) above
Answer: B
12. Since World War II, the likelihood that foreign markets would gain importance in the average exporters’ as a source of profits
(a) remained constant
(b) incread
(c) decread
(d) fluctuated widely with no clear trend
武断是什么意思(e) both (a) and (d) above
Answer: B浪花图片
13. Since World War II, the likelihood that any single item in the typical consumption basket of a consumer in the U.S. originated outside of the U.S.
(a) remained constant
(b) incread
(c) decread
(d) fluctuated widely with no clear trend
(e) both (a) and (d) above
Answer: B
14. Since World War II, the likelihood that the job a new college graduate will be directly or indirectly affected by world trade
(a) remained constant
(b) incread
(c) decread
(d) fluctuated widely with no clear trend
(e) both (a) and (d) above
Answer: B
15. Since World War II, the relative importance of raw materials, including oil, in total world trade
(a) remained constant
(b) incread
(c) decread
(d) fluctuated widely with no clear trend
(e) both (a) and (d) above
Answer: C
16. In the current Post-Industrial economy, international trade in rvices (including banking and financial rvices)
番茄金针菇(a) dominates world trade
(b) does not exist
(c) is relatively small
(d) is relatively stagnant
(e) None of the above
Answer: C
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17. In the pre-World War I period, the U.S. exported primarily
(a) manufactured goods
(b) rvices
(c) primary products including agricultural
美白饮品(d) technology intensive products
(e) None of the above
Answer: C
18. In the pre-World War I period, the United Kingdom exported primarily
(a) manufactured goods
