国际经济学模拟习题（3）
一、True or Fal （10*1’=10’）
1. Trade is a zero-sum activity; if one country gains, the other must lo.
2. A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the abnce of trade will produce where its production possibilities schedule is tangent to an indifference curve.
3. The factor endowments model predicts that international trade will tend to equalize the prices of trade-able goods among nations, but to increa the wage gap between capital-abundant and labor-abundant nations.
4. A tax of 10 percent on imports of shoes would be an example of a specific tariff.
5. An import quota will not rai the domestic price of the product as would a tariff, becau it is not a tax on imports.
6. In balance-of-payments account, a transaction resulting in receipt of a payment is recorded as a credit, whereas a transaction resulting in a payment to other nations is recorded as a debit.
7. Becau they do not include an exchange of goods or rvices, unilateral transfers do not appear on a nation's balance of payments account.
8. David Hume was one of the first economists to provide analytical support for mercantilist trade policies.
9. A nation would be most likely to find its trade balance improving after a currency depreciation if that nation’s demand for imports and foreign demand for its exports was very inelastic.
10. A nation with neither a balance of payments surplus nor a balance of payments deficit is said to be in internal balance.
二、choices（15*3’=45’）
1. The law of comparative advantage
a). was ratified by the World Trade Organization
b). explains how all countries can benefit when each specializes in producing items in which it has the greatest relative efficiency
c). explains how only the most efficient nations can benefit from trade
d). is ud to evaluate a country’s military strength
2. The theory of absolute advantage was developed by
a. the Mercantilists
b. David Hume
c. Adam Smith
d. David Ricardo
3. David Ricardo developed the principle of comparative advantage showing that
a. a nation must be the least-cost producer of a good in order to export that item
b. no nation could have an absolute advantage in all goods
c. in a two-country example, only one nation can have a comparative advantage
d. even a nation that has lower productivity in all goods can benefit by exporting the item in which it is relatively less inefficient
4. An indifference curve
a. shows that most people really are indifferent about international trade
b. shows the demand preferences of consumers
c. reflects the relative costs of production within a nation
d. indicates how much labor a country has
5. To maximize its satisfaction, a nation will ensure that its terms-of-trade line
a. is tangent to its production possibilities frontier at one point (production point) and also to the highest attainable indifference curve at another point (consumption point)
b. is tangent to its production possibilities frontier and intercts an indifference curve
c. intercts its production possibilities frontier and is tangent to an indifference curve
d. intercts its production possibilities frontier at one point and an indifference curve at another point
6. Factor-price equalization predicts that with international trade
a. the price of a nation’s abundant factor will ri and that of its scarce factor will fall
b. the price of a nation’s abundant factor will fall and that of its scarce factor will ri
c. the prices of a nation’s abundant and scarce factors both will ri
d. the prices of a nation’s abundant and scarce factors both will fall
7. The effective rate of protection
a. distinguishes between tariffs that are effective and tho that are ineffective
b. is the minimum level at which a tariff becomes effective in limiting imports
c. shows the increa in value-added for domestic production that a particular tariff structure makes possible, in percentage terms
d. shows how effective a tariff is in raising revenue
8. The institutional framework developed in 1947 to promote trade liberalization is known as
a. the GATT
b. the WTO
c. the IMF
d. The World Bank
9. Developing nations
a. have very limited involvement in international trade
