国际经济学Multiple choices 610

MULTIPLECHOICEChoosetheonealternativethatbestcompletesthestatementoranswersthequestion.Ch6-Ch101.Iftheratioofpriceofcloth(PC)dividedbythepriceoffood(PF)increasesintheinternationalmarketplace,thenA)thetermsoftradeofclothexporterswillimprove.B)allcountrieswouldbebetteroff.C)thetermsoftradeoffoodexporterswillimprove.D)thetermsoftradeofallcountrieswillimprove.E)thetermsoftradeofclothexporterswillworsen.2.Iftheratioofpriceofcloth(PC)dividedbythepriceoffood(PF)increasesintheinternationalmarketplace,thenA)worldrelativequantityofclothsuppliedwillincrease.B)worldrelativequantityofclothsuppliedanddemandedwillincrease.C)worldrelativequantityofclothsuppliedanddemandedwilldecrease.D)worldrelativequantityofclothdemandedwilldecrease.E)worldrelativequantityoffoodwillincrease.3.IftheU.S.(alargecountry)imposesatariffonitsimportedgood,thiswilltendtoA)havenoeffectontermsoftrade.B)improvethetermsoftradeoftheUnitedStates.C)improvethetermsoftradeofallcountries.D)becauseadeteriorationofU.S.termsoftrade.E)raisetheworldpriceofthegoodimportedbytheUnitedStates.4.IfSloveniawerealargecountryinworldtrade,thenifitinstitutedalargesetofsubsidiesforitsexports,thismustdecreaseitsmarginalpropensitytoconsume.havenoeffectonitstermsoftrade.C)improveitstermsoftrade.D)harmitstermsoftrade.E)harmworldtermsoftrade.5.InternaleconomiesofscalearisewhenthecostperunitA)fallsastheaveragefirmgrowslarger.B)risesastheindustrygrowslarger.C)fallsastheindustrygrowslarger.D)risesastheaveragefirmgrowslarger.E)remainsconstantoverabroadrangeofoutput.6.Externaleconomiesofscalewill________averagecostwhenoutputis________by________.A)reduce;increased;theindustryB)reduce;increased;afirmC)increase;increased;afirmD)increase;increased;theindustryE)reduce;reduce;theindustry7.Ifsomeindustriesexhibitinternalincreasingreturnstoscaleineachcountry,weshouldnotexpecttoseeA)perfectcompetitionintheseindustries.B)intra-industrytradebetweencountries.C)inter-industrytradebetweencountries.D)highlevelsofspecializationinbothcountries.E)increasedproductivityinbothcountries.8.Alearningcurverelates________to________andisacaseof________returns.A)unitcost;cumulativeproduction;dynamicdecreasingreturnsB)outputpertimeperiod;long-runmarginalcost;dynamicincreasingreturnsC)unitcost;cumulativeproduction;dynamicincreasingreturnsD)outputpertimeperiod;long-runmarginalcost;dynamicdecreasingreturnsE)laborproductivity;education;increasingmarginalreturns9.Patternsofinterregionaltradeareprimarilydeterminedby________ratherthan________becausefactorsofproductionaregenerally________.A)externaleconomies;naturalresources;mobileB)internaleconomies;externaleconomies;mobileC)externaleconomies;population;immobileD)internaleconomies;population;immobileE)population;externaleconomies;immobile10.MonopolisticcompetitionisassociatedwithA)productdifferentiation.B)price-takingbehavior.C)explicitconsiderationatthefirmlevelofthestrategicimpactofotherfirms'pricingdecisions.D)highprofitmarginsinthelongrun.E)increasingreturnstoscale.11.Afirminlong-runequilibriumundermonopolisticcompetitionwillearnA)positivemonopolyprofitsbecauseeachsellsadifferentiatedproduct.B)zeroeconomicprofitsbecauseoffreeentryC)positiveoligopolyprofitsbecauseeachfirmsellsadifferentiatedproduct.D)negativeeconomicprofitsbecauseithaseconomiesofscale.E)positiveeconomicprofitifitengagesininternationaltrade.12.ThemostcommonformofpricediscriminationininternationaltradeisA)dumping.B)non-tariffbarriers.C)VoluntaryExportRestraints.D)preferentialtradearrangements.E)productboycotts.Considerthefollowingtwocases.Inthefirst,aU.S.firmpurchases18%ofaforeignfirm.Inthesecond,aU.S.firmbuildsanewproductionfacilityinaforeigncountry.Bothare________,withthefirstreferredtoas________andthesecondas________.A)foreigndirectinvestment(FDI)outflows;brownfield;greenfieldB)foreigndirectinvestment(FDI)inflows;greenfield;brownfieldC)foreigndirectinvestment(FDI)outflows;greenfield;brownfieldD)foreigndirectinvestment(FDI)inflows;brownfield;greenfieldE)foreigndirectinvestment(FDI);inflows;outflows14.SpecifictariffsareA)importtaxesstatedinspecificlegalstatutes.B)importtaxescalculatedasafixedchargeforeachunitofimportedgoods.C)importtaxescalculatedasafractionofthevalueoftheimportedgoods.D)thesameasimportquotas.E)importtaxescalculatedbasedsolelyontheorigincountry.15.Aproblemencounteredwhenimplementingan"infantindustry"tariffisthatA)domesticconsumerswillpurchasetheforeigngoodregardlessofthetariff.B)theindustrymaynever"mature."C)mostindustriesrequiretariffprotectionwhentheyaremature.D)thetariffmayhurttheindustry'sdomesticsales.E)thetariffsfailtoprotectthedomesticproducers.16.Inthecountrylevyingthetariff,thetariffwillA)increasebothconsumerandproducersurplus.B)decreaseboththeconsumerandproducersurplus.C)decreaseconsumersurplusandincreaseproducersurplus.D)increaseconsumersurplusanddecreaseproducersurplus.E)decreaseconsumersurplusbutleaveproducerssurplusunchanged.17.Ifthetariffoncomputersisnotchanged,butdomesticcomputerproducersshiftfromdomesticallyproducedsemiconductorstoimportedcomponents,thentheeffectiverateofprotectioninthecomputerindustrywillA)increase.B)decreaseC)remainthesame.D)dependonwhethercomputersarePCsor"Supercomputers."E)nolongerapply.18.Whenagovernmentallowsrawmaterialsandotherintermediateproductstoenteracountrydutyfree,thisgenerallyresultsina(an)A)effectivetariffratelessthanthenominaltariffrate.B)nominaltariffratelessthantheeffectivetariffrate.C)riseinbothnominalandeffectivetariffrates.D)fallinbothnominalandeffectivetariffrates.E)riseinonlytheeffectivetariffrate.19.Shouldthehomecountrybe"large"relativetoitstradepartners,itsimpositionofatariffonimportswouldleadtoanincreaseindomesticwelfareifthetermsofthetraderectangleexceedthesumoftheA)revenueeffectplusredistributioneffect.B)protectiveeffectplusrevenueeffect.C)consumptioneffectplusredistributioneffect.D)productiondistortioneffectplusconsumptiondistortioneffect.E)termsoftradegain.20.Theefficiencycasemadeforfreetradeisthatastradedistortionssuchastariffsaredismantledandremoved,A)governmenttariffrevenuewilldecrease,andthereforenationaleconomicwelfarewilldecrease.B)governmenttariffrevenuewilldecrease,andthereforenationaleconomicwelfarewillincrease.C)deadweightlossesforproducersandconsumerswilldecrease,henceincreasingnationaleconomicwelfare.D)deadweightlossesforproducersandconsumerswilldecrease,hencedecreasingnationaleconomicwelfare.E)governmenttariffrevenuewillincrease,henceincreasingnationaleconomicwelfare.21.Whichorganizationdeterminesproceduresforthesettlementofinternationaltradedisputes?A)WorldBankB)WorldTradeOrganizationC)InternationalMonetaryOrganizationD)InternationalBankforReconstructionandDevelopmentE)TheLeagueofNations22.TodayU.S.protectionismisconcentratedinA)high-techindustries.B)labor-intensiveindustries.C)industriesinwhichJapanhasacomparativeadvantage.D)computerintensiveindustries.E)capital-intensiveindustries.23.ThequantitativeimportanceofU.S.protectionofthedomesticclothingindustryisbestexplainedbythefactthatA)thisindustryisanimportantemployerofhighlyskilledlabor.B)thisindustryisanimportantemployeroflowskilledlabor.C)mostoftheexportersofclothingintotheU.S.arepoorcountries.D)thisindustryisapoliticallywellorganizedsectorintheU.S.E)thetechnologyinvolvedisveryadvanced.24.TheoptimumtariffismostlikelytoapplytoA)asmalltariffimposedbyasmallcountry.B)asmalltariffimposedbyalargecountry.C)alargetariffimposedbyasmallcountry.D)alargetariffimposedbyalargecountry.E)anadvaloremtariffonasmallcountry.25.ThemedianvotermodelA)workswellintheareaoftradepolicy.B)isnotintuitivelyreasonable.C)tendstoresultinbiasedtariffrates.D)doesnotworkwellintheareaoftradepolicy.E)isnotwidelypracticedintheUnitedStates.