国际经济学模拟试题英文含答案

国际经济学模拟习题（3）

一、True or False （10*1’=10’）

1. Trade is a zero-sum activity; if one country gains, the

other must lose.

2. A nation maximizes satisfaction by reaching the highest

possible indifference curve, and in the absence 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 increase 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 raise the domestic price of

the product as would a tariff, because 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. Because they do not include an exchange of goods or

services, 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 used 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