国际经济学作业任务答案解析-第九章
Chapter 9 The Political Economy of Trade Theory
韶关云门寺
Multiple Choice Questions
1. The efficiency ca made for free trade is that as trade distortions such as tariffs are
dismantled and removed,
(a) government tariff revenue will decrea, and therefore national economic
welfare will decrea.
(b) government tariff revenue will decrea, and therefore national economic
welfare will increa.
(c) deadweight loss for producers and consumers will decrea, hence increasing
national economic welfare.
(d) deadweight loss for producers and consumers will decrea, hence decreasing
national economic welfare.
(e) None of the above.
Answer: C
2. The opportunity to exploit economies of scale is one of the gains to be made from
removing tariffs and other trade distortions. The gains will be found by a decrea in
(a) world prices of imports.
(b) the consumption distortion loss triangle.
婴儿教育(c) the production distortion loss triangle.
(d) Both (b) and (c).
(e) None of the above.
Answer: E
3. It is argued that special interest groups are likely to take over and promote
protectionist policies, which may lead to an increa in national economic welfare.
This argument leads to
* * (a) a presumption that in practice a free trade policy is likely to be better than
alternatives.
(b) a presumption that trade policy should be shifted to Non-Governmental
Organizations, so as to limit taxpayer burden.
(c) a presumption that free trade is generally a cond-best policy, to be avoided if
feasible alternatives are available.
(d) a presumption that free trade is the likely equilibrium solution if the government
allows special interest groups to dictate its trade policy.
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(e) None of the above.
Answer: A
* *
4. The optimum tariff is
(a) the best tariff a country can obtain via a WTO negotiated round of compromis.
(b) the tariff, which maximizes the terms of trade gains.
(c) the tariff, which maximizes the difference between terms of trade gains and
terms of trade los.
(d) not practical for a small country due to the likelihood of retaliation.
(e) not practical for a large country due to the likelihood of retaliation.
Answer: E
5. The optimum tariff is most likely to apply to
(a) a small tariff impod by a small country.
(b) a small tariff impod by a large country.
(c) a large tariff impod by a small country.
(d) a large tariff impod by a large country.
(e) None of the above.
Answer: B
6. The prohibitive tariff is a tariff that
(a) is so high that it eliminates imports.
(b) is so high that it caus undue harm to trade-partner economies.
(c) is so high that it caus undue harm to import competing ctors.
(d) is so low that the government prohibits its u since it would lo an important
revenue source.4字祝福语
(e) None of the above.
Answer: A
7. The existence of marginal social benefits which are not marginal benefits for the
industry producing the import substitutes
(a) is an argument supporting free trade and non-governmental involvement.
(b) is an argument supporting the u of an optimum tariff.
(c) is an argument supporting the u of market failures as a trade-policy strategy.
(d) is an argument rejecting free trade and supporting governmental involvement.
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(e) None of the above.
Answer: D
* *
8. The domestic market failure argument is a particular ca of the theory of
(a) the optimum, or first-best.
(b) the cond best.
(c) the third best.
(d) the sufficing principle.
(e) None of the above.
Answer: B
* *
伤感的文章9. The difficulty of ascertaining the right cond-best trade policy to follow
(a) reinforces support for the third-best policy approach.
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(b) reinforces support for increasing rearch capabilities of government agencies.
(c) reinforces support for abandoning trade policy as an option.
(d) reinforces support for free-trade options.
(e) None of the above.
Answer: D
10. The authors of the text believe that
(a) cond-best policy is wor than optimal policy.
(b) special interest groups generally enhance national welfare.
(c) national welfare is likely to be enhanced by the imposition of an optimal tariff.
教师节英语作文(d) market Failure arguments tend to support free-trade policy.
(e) there is no such thing as national welfare.
