“国际经济学（英）”课程模拟试卷(E卷)
课程名称International Economics课程号0020259考核方式考试
I. Explain the following terms (20 points. Each worth 4 points)
1. Absolute advantage
2. Factor-price equalization ( H-O) theorem
3. Balance of payments
4. Forward discount
5. Exchange arbitrage
II. Multiple Choices (30 Points. Each is worth 2points.)
1．Trade restrictions usually benefit a large majority of the ___________ in the nation at the expense of a silent majority of _________________.
A）consumers, producers
B）producers, consumers
C）importers, exporters
D）exporters, importers
2. The British Commonwealth Preference Scheme is an example of a(n):
A) free trade area
B）customs union
C）preferential trade arrangement
D）common market
3. The ability of one nation to produce a commodity using fewer resources than another nation is:
A)absolute advantage
B)comparative advantage
C)mercantilism
D)specialization
E)
4. 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.
5. If a US firm exports $7,000 of goods which are to be paid for within six months, using a double-entry bookkeeping system, what entries should be made in the US balance of payments?
A)Goods export – credit of $7,000; Capital outflow – debit of $7,000
B)Accounts Receivable – debit of $7,000; Inventory – credit of $7,000
C)Goods export – debit of $7,000; Capital outflow – credit of $7,000
D)Accounts Receivable – credit of $7,000; Inventory – debit of $7,000
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 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.
8. 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
9. Which of the following is not suitable for explaining the theory of intra-industry trade ( ).
A. overlapping demands hypothesis B. factor-endowment theory
C. the theory of economies of scale D. monopolistic competition
10. The technological gap model deals with ( ).
A. Temporary monopoly arising from the introduction of new product. B. The size of technological gaps.
C. The reason that technological gaps arise.
D. The reason how technological gaps are eliminated over time.
11.Each nation gains from trade under the standard theory of international trade and we can break the gains from trade into two components: the gains from exchange and the gains from specialization (in production). Refer to the figure below and specify which movement measures the gains from specialization( ). Nation 1 is in equilibrium at point A and E, without and with the opening of trade respectively.
A. the movement from point B to A
B. the movement from point A to T
C. the movement from point T to E
D. the movement from point B to E
12．Suppose after the formation of the Europe Union, the British switched to the import of cheese from Irish that was a high-cost producer of cheese, rather than purchased from New Zealand where cheese was cheaper. This is, to some extent, a reflection of ( ).
A. trade creation B. trade diversion
C. government's intervention in the cheese market D. common sense
13．Since an import quota involves the distribution of import licenses,the government must have efficiency considerations
as the basis for distribution of the import licenses. From the point of view of the economy as a whole, the best way toallocatelicenses is through ( ).
A. arbitrary official judgments
B. the auctioningof licensesto the highest bidder in a competitive market
C. the government’s issuing
D. potential importers'application for licenses
14．Which of the following would occur if labor productivity in the UK increased relative to that in the US, and before this increase the dollar was in an exchange rate equilibrium with the sterling?
A)The United States will now demand fewer imports
B)The US will now demand fewer pounds
C)The UK will supply more pounds to the US
D)None of the above
15. Which of the following is a type of internalandexternal imbalance?
A)Inflation and recession
B)Recession and deficit
C)Deficit and surplus
D）All of the above
III. Briefly expound your understanding of the following questions (three questions, total points are 30, each is worth 10 points)
1. (a) What is meant by economies of scale?
(b) How can economies of scale be the basis for international trade?
2. What are some of the problems created by multinational corporations in the home country?
3. What dynamic benefits are the nations forming a customs union likely to receive?
Ⅳ.Calculation and give explanation according to a fig (one question, 20 points)
Question: what does this figure illustrate? Offer as much information as possible you can learn from the figure.
