国际商务第五章测试题及答案

⑤International Trade
Sample Test 1
Which of the following refers to the purchase, sale, or exchange of goods and services across national borders?
A) Domestic trade
B) Foreign direct investment
C) International trade
D) Mercantilism
Sample Test 2
________ occurs between different states, regions, or cities within a country.
A) Domestic trade
B) Foreign direct investment
C) International trade
D) Mercantilism
Sample Test 3
When a country has a weak currency relative to other nations, imports are ________ relative to domestic products.
A) more expensive
B) equal in price
C) more attractive
D) less expensive
Sample Test 4
The smallest portion of total world trade takes place between ________.
A) high-income countries and low- and middle-
income nations
B) high-income economies
C) low- and middle-income nations
D) emerging markets
Sample Test 5
The trade theory that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called ________.
A) absolute advantage
B) mercantilism
C) comparative advantage
D) factor proportions theory
Sample Test 6
The condition that results when the value of a nation's exports is greater than the value of its imports is called ________.
A) trade deficit
B) mercantilism
C) trade surplus
D) absolute advantage
Sample Test 7
The condition that results when the value of a country's imports is greater than the value of its exports is called ________.
A) trade deficit
B) mercantilism
C) trade surplus
D) absolute advantage
Sample Test 8
According to mercantilism, accumulation of national wealth depended on ________.
A) increasing a nation's trade surplus
B) expanding a nation's total value of trade
C) expanding a nation's total volume of trade
D) increasing a nation's trade deficit
Sample Test 9
Nations following the theory of ________ believed that the world's wealth was limited and that a nation could increase its share of the pie only at the expense of its neighbors.
A) absolute advantage
B) comparative advantage
C) mercantilism
D) factor proportions
Sample Test 10
Which of the following refers to the ability of a nation to produce a good more efficiently than any other nation?
A) Mercantilism
B) Comparative advantage
C) Absolute advantage
D) Zero-sum game
Sample Test 11
Who proposed the theory of absolute advantage?
A) David Ricardo
B) Adam Smith
C) Bertil Ohlin
D) Raymond Vernon
E) Michael Porter
Sample Test 12
Adam Smith believed that ________.
A) international trade should be restricted by
tariffs and quotas
B) governments should intervene to maintain a
balance of exports and imports
C) market forces should determine trade flows
D) countries should produce most goods
themselves and trade as little as possible
Sample Test 13
The theory of absolute advantage destroys the mercantilist idea that international trade is a
________.
A) positive-sum game
B) zero-sum game
C) negative-sum game
D) winner-take-all
Sample Test 14
When there are gains to be had by both countries party to an exchange, international trade is considered a ________.
A) positive-sum game
B) zero-sum game
C) negative-sum game
D) none of the above
Sample Test 15
According to the theory of ________, trade is still beneficial even if one country is less efficient in the production of two goods, as long as it is less inefficient in the production of one of the goods.
A) absolute advantage
B) mercantilism
C) comparative advantage
D) factor proportions
Sample Test 16
Comparative advantage theory focuses on which of the following?
A) Productivity
B) Logistics
C) Resources
D) Trade surpluses
Sample Test 17
The focus of factor proportions theory is on the ________.
A) productivity of the production process
B) efficiency of the production process
C) use of abundant production factors
D) use of expensive production factors
Sample Test 18
Factor proportions theory was developed by ________.
A) Smith and Ricardo
B) Ricardo and Ohlin
C) Hecksher and Ohlin
D) Hecksher and Smith
Sample Test 19
The international product life cycle theory was put forth for which type of goods?
A) Service goods
B) Knowledge-based goods
C) Manufactured goods
D) Natural resources
Sample Test 20
During which stage of the product life cycle are companies looking for low-cost production bases in developing nations to supply a growing worldwide market?
A) Idiosyncratic stage
B) New product stage
C) Maturing product stage
D) Standardized product stage
Sample Test 21
National competitive advantage theory states that a nation's competitiveness in an industry depends on ________.
A) the capacity of the industry to innovate and
upgrade
B) the level of government subsidy available
C) obtaining a first-mover advantage
D) practicing neo-mercantilism
Sample Test 22
The Porter diamond consists of all the following EXCEPT ________.
A) factor conditions
B) demand conditions
C) supply conditions
D) firm strategy, structure, and rivalry
Sample Test 23
Which element of national competitive advantage theory refers to resources as basic or advanced?
A) Demand conditions
B) Factor conditions
C) Related industries
D) Firm, strategy, structure, and rivalry
1.C
2.A
3.A
4.C
5.B
6.C
7.A
8.A
9.C
10.C
11. B 12.C
13.B
14.A
15.C
16.A
17.A
18.C
19.C
20.D
21.A
22. C
Key of the Sample test
23. B。