“国际经济学（英）”课程模拟试卷(F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. Increasing opportunity cost
2. Factor– price equalization theorem
3. Immiserizing growth
4. Hedging
5. Transfer pricing
II. Multiple Choice (30 Points. Each is worth 2points.)
1. According to the law of comparative advantage, if one nation is less efficient than the other nation in the production of both commodities, the first nation should specialize in the production of the commodity in which its _____ is smaller and imports the commodity of its ______.()
A). comparative advantage, absolute advantage
B. absolute advantage, comparative advantage
C. absolute advantage, comparative disadvantage
D. absolute disadvantage, comparative disadvantage
2. With increasing costs, even if two nations have identical production possibility frontier, there will still be a basis for mutually beneficial trade if tastes in the two nations differ. The nation with a relatively larger demand for a commodity will have a ( ) in the commodity.
A. comparative advantage B. comparative disadvantage
C. absolute advantage D. absolute disadvantage
3. In a world of two commodities (X and Y) and two factors (labor and capital), we say that commodity X is ( ) if the capital-labor ratio (K/L) used in the production of Y is greater than K/L used in the production of X.
A.K-intensive B. K abundant C. L-intensive D. L abundant
4.. The ( ) is expressed as a fixed percentage of the value of the traded commodity.
A)A. ad valorem tariff B. specific tariff C. compound tariff D. import tariff.
5. Intra-industry trade is most common between ( ).
A. similar countries that produce homogeneous goods.
B. countries with different production technologies.
C. countries with very different factor abundance.
D. industrial countries in Western Europe.
6. The foreign exchange market is stable if:
A）ηM+ ηX< 1
B）ηM+ ηX= 1
C）ηM+ ηX> 1
D）ηM+ ηX> 2
7. A(n) ______________ makes the price of imports equal to domestic prices, thus allowing domestic producers to be competitive with foreign producers without becoming more efficient.
A)ad valorem tariff
B)scientific tariff
C)optimum tariff
D)specific tariff
8.The United States government defines portfolio investment as what percent of the voting stock of a corporation?
A) Less than 20%
B) Less than 35%
C) Less than 15%
D) Less than 10%
9. Which of the following is concerned with changing the aggregate demand of the nation?
A)Internal balance
B)Expenditure-changing policies
C)External balance
D)Expenditure-switching policies
10. The price elasticity of the ______________ in euros is given by the percentage change in the quantity demanded of US exports by foreigners divided by the percentage change in the price of US exports in euros.
A) US demand for exports
B)Foreign demand for US imports
C)US demand for imports
D）Foreign demand for US exports
11. Which approach to exchange rate determination stresses the role of trade in the determination of exchange rates?
A)The asset model of exchange rates
B)The elasticities approach to exchange rates
C)The portfolio model of exchange rates
D) None of the above
12．From which of the following does a nation's demand for foreign exchange arise?
A)From the inflow of foreign investments
B)From the sale of the foreign currency by the speculators when they expect the foreign currency to depreciate
C)From speculators when they expect the foreign currency to appreciate
D)Both a & c
13．Suppose the US and Germany enter into a voluntary export agreement in which Germany imposes a voluntary quota on its own steel industry. Most of the export quota’s revenue effect would tend to accrue to the:
A)US government
B)German steel producers
C)US consumers
D) US steel producers
14．_____________ is the view that exports were the leading sector propelling the economies of the recently settled regions into rapid growth and development during the 19thcentury.
A)Endogenous growth theory
B)The engine of growth
C)Balanced growth theory
D)Immiserizing growth
15. If a US resident were to visit Japan and spend $500 on food and shelter, what entries would be made into the US balance of payments?
A)Travel services – credit of $500; Capital inflow – debit of $500
B)Accounts Payable – debit of $500; Goods imports – credit of $500
C)Travel services – debit of $500; Capital inflow – credit of $500
D)Accounts Payable – credit of $500; Inventory – debit of $500
III. Briefly expound your understanding of the following questions (three questions, total points are 30, each is worth 10 points)
1. (a) What are the different types of dumping?
(b) Why does dumping usually lead to trade restrictions?
2. What are some of the problems created by multinational corporations in the home country?
3. (a) What are the basic motives for international portfolio investment?
(b) What additional reasons are required to explain direct foreign investment?
Ⅳ.Calculation and give explanation according to a fig (one question, 20 points)
DXand SXare Nation 2’s domestic demand and supply curves of commodity X, while S1and S3are free trade, perfectly elastic, supply curves of Nation 1 and Nation 3, respectively. Nation 2 collect nondiscriminatory 100% tariff on imports of commodity X. But after the formation of customs union of Nation 2 and Nation 3, it is not the case any more.
Question: what does this figure illustrate? Offer as much information as possible you can learn from the figure.
