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2011-05-31


Answer: A
In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least ____unit labor requirements
  • one
  • two
  • three
A.
four
B.
five
Answer: D
7.
A country engaging in trade according to the principles of comparative advantage gains from trade because it
  • is producing exports indirectly more efficiently than it could alternatively.
  • is producing imports indirectly more efficiently than it could domestically.
  • is producing exports using fewer labor units.
  • is producing imports indirectly using fewer labor units.
  • None of the above.
Answer: B
8.
A nation engaging in trade according to the Ricardian(李嘉图) model will find its consumption bundle(消费约束)
  • inside its production possibilities frontier.
  • on its production possibilities frontier.
  • outside its production possibilities frontier.(生产可能性边界)
  • inside its trade-partner's production possibilities frontier.
  • on its trade-partner's production possibilities frontier.
Answer: C
9.
If a very small country trades with a very large country according to the Ricardian model, then
  • the small country will suffer a decrease in economic welfare.
  • the large country will suffer a decrease in economic welfare.
  • the small country will enjoy gains from trade.
  • the large country will enjoy gains from trade.
  • None of the above.
Answer: C
10.
If the world terms of trade for a country are somewhere between the domestic cost ratio of H and that of F, then
  • country H but not country F will gain from trade.
  • country H and country F will both gain from trade.
  • neither country H nor F will gain from trade.
  • only the country whose government subsidizes its exports will gain.
  • None of the above.
Answer: B11.
If a production possibilities frontier is bowed out (concave to the origin)(上凸,凹面向原点), then production occurs under conditions of
  • constant opportunity costs.
  • increasing opportunity costs.(机会成本递增)
  • decreasing opportunity costs.
  • infinite opportunity costs.
  • None of the above.
Answer: B12.
If two countries have identical production possibility frontiers, then trade between them is not likely if
  • their supply curves are identical.
  • their cost functions are identical.
  • their demand conditions identical.
  • their incomes are identical.
  • None of the above.
Answer: E
13.
Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour.
Production costs would be lower in the United States as compared to Japan if

  • U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour.
  • U.S. productivity equaled 30 units per hour whereas Japan's was 20.
  • U.S. labor productivity equaled 20 and Japan's 30.
  • U.S. labor productivity equaled 15 and Japan's 25 units per hour.
  • None of the above.
Answer: A
14.
International trade has strong effects on income distributions(收入分配效应,包括国内各个利益主体之间、国与国之间。).
Therefore, international trade
  • is beneficial to everyone in both trading countries.
  • will tend to hurt one trading country.
  • will tend to hurt some groups in each trading country.
  • will tend to hurt everyone in both countries.
  • will be beneficial to all those engaged in international trade.
Answer: C15.
If the price of the capital intensive product rises资本密集品价格上涨, wages will
  • rise but by less than the price of the capital-intensive product.(工资刚性,变动较慢)
  • rise by more than the rise in the price of the capital-intensive product.
  • remain proportionally equal to the price of the capital-intensive product.
  • fall, since higher prices cause less demand.
  • None of the above.

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