“国际经济学（英）”课程模拟试卷(C卷)
课程名称International Economics试卷代码0020259考核方式考试
I. Explain the following terms (20 points. Each worth 4 points.)
1.Factor intensity
2. H-O-S Theorem
3.Intra-industry trade
4. Devaluation
5. Hedging
II. Multiple Choices (40 Points. Each is worth 2points.)
1.These are classical international theories except that ( )
A. Absolute theory; B. Comparative theory
C. Factor endowment theory; D. Economy of scales theory
2. U.S.A. U.K. ( )
Wheat 6 1
Cloth 4 2
A. Relative price of wheat in U.S.A. is 2/3, in U.K is 2.
B. Relative price of wheat in U.S.A. is 3/2, in U.K. is 1/2.
C. Relative price of cloth in U.S.A. is 1/2, in U.K. is 3/2.
D. Relative price of cloth in U.S.A. is 2/3, in U.K is 2.
3. Which of the following statements is false? ( )
A. The gains from trade can be broken down into the gains from exchange and the gains from specialization
B. gains from exchange result even without specialization
C. gains from specialization result even without exchange
D. none of the above
4. In the H-O theory, what is not supposed to be equal. ( )
A. supply of factors B. tastes
C. technology D. income distribution
5. The U.S. has a comparative advantage in pharmaceuticals relative to Japan if ( ).
A. pharmaceutical workers in the U.S. are more productive than in Japan.
B. the opportunity cost of producing pharmaceuticals is lower in the U.S. than in Japan.
C. the U.S. market for pharmaceuticals is relatively large than that in Japan.
D. the price of pharmaceuticals in the U.S. is relatively lower than that in Japan.
6. What is the basis for beggar-thy-neighbor argument? ( ).
A. Factor Endowments. B. Protectionism.
C. Comparative advantage. D. Strategic trade policy
7 What is obveriously fallacious argument for protection.（）
A. scientific tariff B. to reduce domestic unemployment
C. cure a deficit D. safe of infant industry
8. What is the basis for beggar-thy-neighbor argument? ( ).
A. Factor Endowments. B. Protectionism.
C. Comparative advantage. D. Strategic trade policy
9.If an organization allows no tariff or other barriers on trade among the members and in addition it harmonizes trade policies toward the rest of the world. We call it ( ).
A. a free trade area. B. a customs union.
C. a common market. D. a economic union.
10. What is the effect when a small nation collects a tariff on imports? ( )
A. Increases the world price. B. Enlarges trade volume.
C. Better terms of trade. D. Increases the domestic price.
11.When a large nation imposes tariff, ( ).
A. It will increase its trade volume and improve nation’s terms of trade.
B. It will reduce its trade volume but improve nation’s terms of trade.
C. It will increase its trade volume and deteriorate nation’s terms of trade.
D. It will reduce its trade volume and deteriorate nation’s terms of trade.
12. Dumping is ( ).
A. Export a commodity at below cost or at least sell a commodity at a lower price abroad than domestically.
B. Trade volume increases greatly.
C. Import does harm to local industry.
D. All the above.
13.A nation’s term of trade increases from 100 to 110 means ( ).
A. A better welfare. B. A worse welfare.
C. A greater trade volume. D. Export rises relative to the prices that it pays for import
14.A customs union is more likely to lead to trade creation and increased welfare under the following condition: ( ).
A. The lower are the preunion trade barriers of member countries
B. The higher are the customs union’s barriers on trade with the rest of the world.
C. The greater is the number of countries forming the customs union.
D. The less competitive rather than complementary are the economies of member nations.
15. When lower-cost imports from outside the customs union are replaced by higher-cost imports from a customs union member, ( ) occurs.
A. Trade creation B. Trade-Creating Customs Union
C. Trade diversion D. Trade-Diverting Customs Union
16. When a nation lower the import tariff on raw materials, the rate of effective protection tend to ( )
A. increase B. decrease C. remain unchanged D. uncertainty
17. With a given import quota, an increase in demand will result in ( ).
A. Higher domestic price and greater domestic production than with an equivalent import tariff.
B. Higher domestic price and smaller domestic production than withan equivalentimport tariff.
C. Lower domestic price and greater domestic production than with an equivalent import tariff.
D. Lower domestic price and smaller domestic production than with an equivalent import tariff.
D. better utilization of the economic resources of the entire community
18. International capital flows increase the national income of both the investing and host countries, but the relative share going to capital andlabor is different in both the investing and host countries.From the point of view of the host nation, which of the following statements is true ( ).
A. The level of employment tends to falls.
B. In the short-run, the balance of payments tends to worsen.
C. the relative share going to capital falls and the share to labor rises.
D. the relative share going to capital rises and the share to labor falls.
19. If the forward rate is below the present spot rate, the foreign currency is said to be at a ( )
A. forward premium; B. forward discount;
C. appreciate; D. depreciate
20. Given C = 100+0.8Y, M = 150+0.2Y, I = 100, and X = 350, YEequals ( ).
A. 1000 B. 1200 C. 1500 D.2000
III.Briefly expound your understanding of the following questions (two questions, total points are 20, each is worth 10 points)
1. The centerpiece of the law of comparative advantage
2. The relative purchasing-power parity theory
Ⅳ. Calculation (one question, 10 points)
Suppose the small nation imposes a 100 percent ad valorem tariff on its imported X.
(1) What are the partial equilibrium effects of a tariff?
(2) What is the net welfare effect that the tariff has on the nation?
(3)What is meant by the termdeadweight loss? And for what reason does it arise?
V. Give explanations according to the figure (one question, 10 points)
Question: what does this figure illustrate? Offer as much information as possible you can learn from the figure.
Question: what does this figure illustrate? Offer as much information as possible you can learn from the figure.
