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Contents
Chapter3LaborProductivityandComparativeAdvantage:TheRicardianModel
2
Chapter4SpecificFactorsandIncomeDistribution
13
Chapter5ResourcesandTrade:TheHeckscher-OhlinModel
22
Chapter6TheStandardTradeModel31
Chapter7EconomiesofScale,imperfectCompetition,andInternationalTrade
41
Chapter8InternationalFactorMovements50
Chapter9TheInstrumentsofTradePolicy
60
Chapter3:LaborProductivityandComparativeAdvantage-The
RicardianModel
MultipleChoiceQuestions
1.Countriestradewitheachotherbecausetheyareandbecauseof
A.different,costs
B.similar,scaleeconomies
C.different,scaleeconomies
D.similar,costs
E.Noneoftheabove.
2.Tradebetweentwocountriescanbenefitbothcountriesif
A.eachcountryexportsthatgoodinwhichithasacomparative
advantage.
B.eachcountryenjoyssuperiortermsoftrade.
C.eachcountryhasamoreelasticdemandfortheimportedgoods.
D.eachcountryhasamoreelasticsupplyforthesuppliedgoods.
E.BothCandD.
3.TheRicardiantheoryofcomparativeadvantagestatesthatacountiyhasa
comparativeadvantageinwidgetsif
A.outputperworkerofwidgetsishigherinthatcountry.
B.thatcountry'sexchangerateislow.
C.wageratesinthatcountryarehigh.
D.theoutputperworkerofwidgetsascomparedtotheoutputof
someotherproductishigherinthatcountry.
E.BothBandC.
4.Inordertoknowwhetheracountryhasacomparativeadvantageinthe
productionofoneparticularproductweneedinformationonatleast
unitlaborrequirements
A.one
B.two
C.three
D.four
E.five
5.Acountryengagingintradeaccordingtotheprinciplesofcomparative
advantagegainsfromtradebecauseit
A.isproducingexportsindirectlymoreefficientlythanitcould
alternatively.
B.isproducingimportsindirectlymoreefficientlythanitcould
domestically.
C.isproducingexportsusingfewerlaborunits.
D.isproducingimportsindirectlyusingfewerlaborunits.
E.Noneoftheabove.
6.Giventhefollowinginformation:
UnitLaborRequiieinents
ClothWidgets
Home1020
Foreign6030
A.Neithercountryhasacomparativeadvantage.
B.Homehasacomparativeadvantageincloth.
C.Foreignhasacomparativeadvantageincloth.
D.Homehasacomparativeadvantageinwidgets.
E.Homehasacomparativeadvantageinbothproducts.
7.IfitisascertainedthatForeignusesprison-slavelabortoproduceits
exports,thenhomeshould
A.exportcloth.
B.exportwidgets.
C.exportbothandimportnothing.
D.exportandimportnothing.
E.Alloftheabove.
8.IftheHomeeconomysufferedameltdown,andtheUnitLabor
Requirementsineachoftheproductsquadrupled(thatis,doubledto30
forclothand60forwidgets)thenhomeshould
A.exportcloth.
B.exportwidgets.
C.exportbothandimportnothing.
D.exportandimportnothing.
E.Alloftheabove.
9.IfwagesweretodoubleinHome,thenHomeshould:
A.exportcloth.
B.exportwidgets.
C.exportbothandimportnothing.
D.exportandimportnothing.
E.Alloftheabove.
10.Iftheworldequilibriumpriceofwidgetswere4Cloths,then
A.bothcountriescouldbenefitfromtradewitheachother.
B.neithercountrycouldbenefitfromtradewitheachother.
C.eachcountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
D.neithercountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
E.bothcountrieswillwanttospecializeincloth.
11.Giventhefollowinginformation:
NumberofUnitsProducedbyoneUnitofLabor
ClothWidgets
Home1()20
Foreign603()
A.Neithercountryhasacomparativeadvantage.
B.Homehasacomparativeadvantageincloth.
C.Foreignhasacomparativeadvantageincloth.
D.Foreignhasacomparativeadvantageinwidgets.
E.Homehasacomparativeadvantageinbothproducts.
12.TheopportunitycostofclothintermsofwidgetsinForeignisifitis
ascertainedthatForeignusesprison-slavelabortoproduceitsexports,
thenhomeshould
A.exportcloth.
B.exportwidgets.
C.exportbothandimportnothing.
D.exportandimportnothing.
E.Alloftheabove.
13.IfwagesweretodoubleinHome,thenHomeshould
A.exportcloth.
B.exportwidgets.
C.exportbothandimportnothing.
D.exportandimportnothing.
E.Alloftheabove.
14.Iftheworldequilibriumpriceofwidgetswere4Cloths,then
A.bothcountriescouldbenefitfromtradewitheachother.
B.neithercountrycouldbenefitfromtradewitheachother.
C.eachcountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
D.neithercountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
E.bothcountrieswillwanttospecializeincloth.
15.Iftheworldequilibriumpriceofwidgetswere40cloths,then
A.bothcountriescouldbenefitfromtradewitheachother.
B.neithercountrycouldbenefitfromtradewitheachother.
C.eachcountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
D.neithercountrywillwanttoexportthegoodinwhichitenjoys
comparativeadvantage.
E.bothcountrieswillwanttospecializeincloth.
16.Inatwoproducttwocountryworld,internationaltradecanleadto
increasesin
A.consumerwelfareonlyifoutputofbothproductsisincreased.
B.outputofbothproductsandconsumerwelfareinbothcountries.
C.totalproductionofbothproductsbutnotconsumerwelfarein
bothcountries
D.consumerwelfareinbothcountriesbutnottotalproductionof
bothproducts.
E.Noneoftheabove.
17.Asaresultoftrade,specializationintheRicardianmodeltendstobe
A.completewithconstantcostsandwithincreasingcosts.
B.completewithconstantcostsandincompletewithincreasingcosts.
C.incompletewithconstantcostsandcompletewithincreasingcosts.
D.incompletewithconstantcostsandincompletewithincreasing
costs.
E.Noneoftheabove.
18.AnationengagingintradeaccordingtotheRicardianmodelwillfindits
consumptionbundle
A.insideitsproductionpossibilitiesfrontier.
R.onitsproductionpossibilitiesfrontier.
C.outsideitsproductionpossibilitiesfrontier.
D.insideitstrade-partner'sproductionpossibilitiesfrontier.
E.onitstrade-partner'sproductionpossibilitiesfrontier.
19.IntheRicardianmodel,ifacountry'stradeisrestricted,thiswillcauseall
exceptwhich?
A.Limitspecializationandthedivisionoflabor.
B.Reducethevolumeoftradeandthegainsfromtrade
C.Causenationstoproduceinsidetheirproductionpossibilities
curves
D.Mayresultinacountryproducingsomeoftheproductofits
comparativedisadvantage
E.Noneoftheabove.
20.Ifaverysmallcountrytradeswithaverylargecountryaccordingtothe
Ricardianmodelthen
A.thesmallcountrywillsufferadecreaseineconomicwelfare.
B.thelargecountrywillsufferadecreaseineconomicwelfare.
C.thesmallcountrywillenjoygainsfromtrade.
D.thelargecountrywillenjoygainsfromtrade.
E.Noneoftheabove.
21.Iftheworldtermsoftradeforacountryaresomewherebetweenthe
domesticcostratioofHandthatofF,then
A.countryHbutnotcountiyFwillgainfromtrade.
B.countryHandcountryFwillbothgainfromtrade.
C.neithercountryHnorFwillgainfromtrade.
D.onlythecountrywhosegovernmentsubsidizesitsexportswill
gain.
E.Noneoftheabove.
22.IftheworldtermsoftradeequalthoseofcountryF,then
A.countryHbutnotcountryFwillgainfromtrade.
B.countryHandcountryFwillbothgainfromtrade.
C.neithercountryHnorFwillgainfromtrade.
D.onlythecountrywhosegovernmentsubsidizesitsexportswill
gain.
E.Noneoftheabove.
23.Iftheworldtermsoftradeequaltlioseofcountry,Fthen
A.countryHbutnotcountryFwillgainfromtrade.
B.countryHandcountryFwillbothgainfromtrade.
C.neithercountryHnorFwillgainfromtrade.
D.onlythecountrywhosegovernmentsubsidizesitsexportswill
gain.
E.Noneoftheabove.
24.Ifaproductionpossibilitiesfrontierisbowedout(concavetotheorigin),
thenproductionoccursunderconditionsof
A.constantopportunitycosts.
B.increasingopportunitycosts.
C.decreasingopportunitycosts.
D.infiniteopportunitycosts.
E.Noneoftheabove.
25.Iftwocountrieshaveidenticalproductionpossibilityfrontiers,thentrade
betweenthemisnotlikelyif
A.theirsupplycurvesareidentical.
B.theircostfunctionsareidentical.
C.theirdemandconditionsidentical.
D.theirincomesareidentical.
E.Noneoftheabove.
26.Iftwocountrieshaveidenticalproductionpossibilityfrontiers,thentrade
betweenthemisnotlikelyif
A.theirsupplycurvesareidentical.
B.theircostfunctionsareidentical.
C.theirdemandfunctionsdiffer.
D.theirincomesareidentical.
E.Noneoftheabove.
27.Theearlieststatementoftheprincipleofcomparativeadvantageis
associatedwith
A.DavidHume.
B.DavidRicardo.
C.AdamSmith.
D.EliHeckscher.
E.BertilOhlin.
28.Ifonecountry'swagelevelisveryhighrelativetotheother's(the
relativewageexceedingtherelativeproductivityratios),theniftheyboth
usethesamecurrency
A.neithercountryhasacomparativeadvantage.
B.onlythelowwagecountryhasacomparativeadvantage.
C.onlythehighwagecountryhasacomparativeadvantage.
D.consumerswillstillfindtradeworthwhilefromtheirperspective.
E.Noneoftheabove.
29.Ifonecountry'swagelevelisveryhighrelativetotheothefs(therelative
wageexceedingdierelativepioductivityratios),then
A.itisnotpossiblethatproducersineachwillfindexportmarkets
profitable.
B.itisnotpossiblethatconsumersinbothcountrieswillenhance
theirrespectivewelfaresthroughimports.
C.itisnotpossiblethatbothcountrieswillfindgainsfromtrade.
D.itispossiblethatbothwillenjoytheconventionalgainsfrom
trade.
E.Noneoftheabove.
3().TheRicardianmodelisbasedonallofthefollowingexcept
A.onlytwonationsandtwoproducts.
B.nodiminishingreturns.
C.laboristheonlyfactorofproduction.
D.productqualityvariesamongnations.
E.Noneoftheabove.
31.Ricardo'soriginaltheoryofcomparativeadvantageseemedoflimited
real-worldvaluebecauseitwasfoundedonthe
A.labortheoryofvalue.
B.capitaltlieoryofvalue.
C.landtheoryofvalue.
D.entrepreneurtheoryofvalue.
E.Noneoftheabove.
32.AccordingtoRicardo,acountrywillhaveacomparativeadvantageinthe
productinwhichits
A.laborproductivityisrelativelylow.
B.laborproductivityisrelativelyhigh.
C.labormobilityisrelativelylow.
D.labormobilityisrelativelyhigh.
E.Noneoftheabove.
33.Inatwo-country,two-productworld,thestatement"Germanyenjoysa
comparativeadvantageoverFranceinautosrelativetoships"is
equivalentto
A.FrancehavingacomparativeadvantageoverGermanyinships.
B.FrancehavingacomparativedisadvantagecomparedtoGermany
inautosandships.
C.GermanyhavingacomparativeadvantageoverFranceinautos
andships.
D.FrancehavingnocomparativeadvantageoverGermany.
E.Noneoftheabove.
34.Assumethatlaboristheonlyfactorofproductionandthatwagesinthe
UnitedStatesequal$20perhourwhilewagesinJapanare$1()perhour.
ProductioncostswouldbelowerintheUnitedStatesascomparedto
Japanif
A.U.S.laborproductivityequaled40unitsperhourandJapan's15
unitspeihour.
B.U.S.productivityequaled30unitsperhourwhereasJapan'swas
20.
C.U.S.laborproductivityequaled20andJapan's30.
D.U.S.laborproductivityequaled15andJapan's25unitsperhour.
E.Noneoftheabove.
35.IftheUnitedStates'productionpossibilityfrontierwasflattertothe
widgetaxis,whereasGermany'swasflattertothebutteraxis,weknow
that
A.theUnitedStateshasnocomparativeadvantage
B.Germanyhasacomparativeadvantageinbutter.
C.theU.S.hasacomparativeadvantageinbutter.
D.Notenoughinformationisgiven.
E.Noneoftheabove.
36.SupposetheUnitedStates*productionpossibilityfrontierwasflatterto
thewidgetaxis,whereasGermany'swasflattertothebutteraxis.We
nowlearnthattheGermanmarkissharplydepreciatedagainsttheU.S.
dollar.Wenowknowthat
A.theUnitedStateshasnocomparativeadvantage
B.Germanyhasacomparativeadvantageinbutter.
C.theUnitedStateshasacomparativeadvantageinbutter.
D.Notenoughinformationisgiven.
E.Noneoftheabove.
37.SupposetheUnitedStates*productionpossibilityfrontierwasflatterto
thewidgetaxis,whereasGermany'swasflattertothebutteraxis.We
nowlearnthattheGermanwagedoubles,butU.S.wagesdonotchange
atall.Wenowknowthat
A.theUnitedStateshasnocomparativeadvantage.
B.Germanyhasacomparativeadvantageinbutter.
C.theUnitedStateshasacomparativeadvantageinbutter.
D.Notenoughinformationisgiven.
E.Noneoftheabove.
EssayQuestions
1.ManycountriesinSub-SaharanAfricahaveverylowlaborproductivities
inmanysectors,inmanufacturingandagriculture.Theyoftendespairof
eventryingtoattempttobuildtheirindustriesunlessitisdoneinan
autarkiccontext,behindprotectionistwallsbecausetheydonotbelieve
theycancompetewithmoreproductiveindustriesabroad.Discussthis
issueinthecontextoftheRicardianmodelofcomparativeadvantage.
2.In1975,wagelevelsinSouthKoreawereroughly5%ofthoseinthe
UnitedStates.ItisobviousthatiftheUnitedStateshadallowedKorean
goodstobefreelyimportedintotheUnitedStatesatthattime,thiswould
havecauseddevastationtothestandardoflivingintheUnited
States.,becausenoproducerinthiscountrycouldpossiblycompetewith
suchlowwages.DiscussthisassertioninthecontextoftheRicardian
modelofcomparativeadvantage.
3.TheevidencecitedinthechapterusingtheexamplesoftheEastAsia
NewIndustrializingCountriessuggeststhatasinternational
productivitiesconverge,sodointernationalwagelevels.Whydoyou
supposethishappenedfortheEastAsianNICs?Inlightofyouranswer,
whatdoyouthinkislikelytohappentotherelativewages(relativeto
thoseintheUnitedStates)ofChinainthecomingdecade?Explainyour
reasoning.
4.Whenweexaminethe2Good2CountryversionoftheRicardianmodel
ofcomparativeadvantage,wenotethatcomparativeadvantageistotally
determinedbyphysicalproductivityratios.Changesinwageratesin
eithercountrycannotaffectthesephysicallydeterminedcomparative
advantages,andhencecannotaffect,whichproductwillbeexportedby
whichcountry.However,whenmorethan2goodsareaddedtothe
model(stillwith2countries),changesinwageratesinoneortheother
countrycaninfactdeterminewhichgoodorgoodseachofthecountries
willexport.Howcanyouexplainthisanomaly?
5.AnexaminationoftheRicardianmodelofcomparativeadvantageyields
theclearresultthattradeis(potentially)beneficialforeachofthetwo
tradingpartnerssinceitallowsforanexpandedconsumptionchoicefor
each.However,fortheworldasawholetheexpansionofproductionof
oneproductmustinvolveadecreaseintheavailabilityoftheother,so
thatitisnotclearthattradeisbetterfortheworldasawholeas
comparedtoaninitialsituationofnon-trade(butefficientproductionin
eachcountry).Arethereinfactgainsfromtradefortheworldasawhole?
Explain.
Quantitative/GraphingProblems
1.Giventhefollowinginformation:
UnitLaborRequirements
ClothWidgets
Home100200
Foreign6030
WhatistheopportunitycostofClothintermsofWidgetsinForeign?
2.Giventhefollowinginformation:
UnitLaborRequirements
ClothWidgets
Home100200
Foreign6030
Ifthesetwocountriestradethesetwogoodsinthecontextofthe
Ricardianmodelofcomparativeadvantage,thenwhatisthelowerlimit
oftheworldequilibriumpriceofwidgets?
3.Giventhefollowinginformation:
UnitLaborRequirements
ClothWidgets
Home100200
Foreign6030
Ifthesetwocountriestradethesetwogoodswitheachotherinaccording
totheRicardianmodelofcomparativeadvantage,whatisthelowerlimit
forthepriceofcloth?
4.Giventhefollowinginformation:
UnitsProducedbyOneWorker/Hour
ClothWidgets
Home10()200
Foreign6030
WhatistheopportunitycostofclothintermsofWwdgetsinForeign?
5.Giventhefollowinginformation:
UnitsProducedbyOneWorker/Hour
ClothWidgets
Home100200
Foreign6030
Ifthesetwocountriestradethesetwogoodswitheachotherinthe
followingtheRicardianmodelofcomparativeadvantage,thenwhatis
thelowerlimitfortheworldequilibriumpriceofcloth?
1.Homehas1200unitsoflaboravailable.Itcanproducetwogoods,applesandbananas.The
unitlaborrequirementinappleproductionis3,whileinbananaproductionitis2.
a.GraphHome'sproductionpossibilityfrontier.
b.Whatistheopportunitycostofapplesintermsofbananas?
c.Intheabsenceoftrade,whatwouldthepriceofapplesintermsofbananasbe?Why?
2.Homeisasdescribedinproblem1.Thereisnowalsoanothercountry,Foreign,withalabor
forceof800.Foreign'sunitlaborrequirementinappleproductionis5,whileinbanana
productionitis1.
a.GraphForeign'sproductionpossibilityfrontier.
b.Constructtheworldrelativesupplycurve.
3.Nowsupposeworldrelativedemandtakesthefollowingform:Demandforapples/demand
forbananas=priceofbananas/priceofapples
a.Graphtherelativedemandcurvealongwiththerelativesupplycurve.
b.Whatistheequilibriumrelativepriceofapples?
c.Describethepatternoftrade.
d.ShowthatbothHomeandForeigngainfromtrade.
4.Supposethatinsteadof1200workers,Homehad2400.Findtheequilibriumrelativeprice.
Whatcanyousayabouttheefficiencyofworldproductionandthedivisionofthegainsfrom
tradebetweenHomeandForeigninthiscase?
5.SupposethatHomehas2400workers,buttheyareonlyhalfasproductiveinbothindustriesas
wehavebeenassuming.Constructtheworldrelativesupplycurveanddeterminetheequilibrium
relativeprice.Howdothegainsfromtradecomparewith(hoseinthecasedescribedinproblem
4?
6.“KoreanworkersearnonlyS2.50anhour;ifweallowKoreatoexportasmuchasitlikesto
theUnitedStates,ourworkerswillbeforceddowntothesamelevel.Youcan'timporta$5shirt
withoutimportingthe$2.50wagethatgoeswithit."Discuss.
7.請(qǐng)對(duì)以下觀點(diǎn)加以評(píng)價(jià):
(1)只有當(dāng)一個(gè)國(guó)家的生產(chǎn)率到達(dá)足以在國(guó)際競(jìng)爭(zhēng)中立足的水平時(shí),它才能從自由貿(mào)易
中獲益;
(2)加果來自外國(guó)的競(jìng)爭(zhēng)是建立在低工資的根底上,那么這種競(jìng)爭(zhēng)是不公平的,而且會(huì)
損害其他參與競(jìng)爭(zhēng)的國(guó)家;
(3)如果一個(gè)國(guó)家的工人比其他國(guó)家工人的工資低,那么貿(mào)易就會(huì)使這個(gè)國(guó)家受到剝削
并使福利惡化。
8.用標(biāo)準(zhǔn)的李嘉圖假設(shè),分析如下模型:
表1單位產(chǎn)品勞動(dòng)投入
奶酪葡萄酒
本國(guó)a,r=10小時(shí)7磅a,.?=15小時(shí)/加侖
外國(guó)&.C*二4小時(shí)/磅aL?*=10小時(shí)/加侖
假設(shè)本國(guó)共擁有3000萬工時(shí)的勞動(dòng)量,而外國(guó)共有2000萬工時(shí)的勞動(dòng)量。
a.哪個(gè)國(guó)家在葡萄酒的生產(chǎn)上具有絕對(duì)優(yōu)勢(shì)?哪個(gè)國(guó)家在奶酪的生產(chǎn)上具有絕對(duì)優(yōu)勢(shì)?
b.哪個(gè)國(guó)家在葡萄酒的生產(chǎn)上具有比擬優(yōu)勢(shì)?哪個(gè)國(guó)家在奶酪的生產(chǎn)上具有比擬優(yōu)勢(shì)?
c.在開放貿(mào)易后,兩個(gè)國(guó)家各出口何種商品?如果均衡國(guó)際價(jià)格比率是每磅奶酪1/2
瓶葡萄酒,各國(guó)的生產(chǎn)會(huì)發(fā)生什么變化?
9.實(shí)際工資的含義是每小時(shí)勞動(dòng)的報(bào)酬所具有的購置力。用每種產(chǎn)品表示,就是指一個(gè)
工人用他1小時(shí)勞動(dòng)的報(bào)酬所能買到的該產(chǎn)品的單位數(shù)量。在李嘉圖模型中,對(duì)于某工人
所生產(chǎn)的任何產(chǎn)品來說,他只是根據(jù)其勞動(dòng)生產(chǎn)率得到報(bào)酬,這就是他的以這種產(chǎn)品表示
的實(shí)際工資。請(qǐng)結(jié)合以下表格答復(fù)以下問題。
表2單位產(chǎn)品勞動(dòng)投入
奶酪葡萄酒
本國(guó)&C二1小時(shí)/磅ax2小時(shí)/加侖
外國(guó)aic*=6小時(shí)/磅演下*=3小時(shí)/加侖
a.在無貿(mào)易條件下,本國(guó)用各種商品表示的勞動(dòng)的實(shí)際工資分別是多少?外國(guó)呢?哪個(gè)
國(guó)家勞動(dòng)的實(shí)際工資更高?
b.假定在自由貿(mào)易條件下,均衡的價(jià)格比率為1,本國(guó)用奶酪表示的實(shí)際工資是多少?
國(guó)際貿(mào)易后,本國(guó)用葡萄酒表示的新的實(shí)際工資是多少?這說明本國(guó)的貿(mào)易收益狀況
如何?外國(guó)用葡萄酒表示的實(shí)際工資是多少?國(guó)際貿(mào)易后,外國(guó)用奶酪表示的新的實(shí)
際工資是多少?這說明外國(guó)的貿(mào)易收益狀況如何?
c.在自由貿(mào)易情況下,哪個(gè)國(guó)家勞動(dòng)的實(shí)際工資比擬高?絕對(duì)優(yōu)勢(shì)的重要性表達(dá)在何
處?
10.我們重點(diǎn)討論了只包含兩個(gè)國(guó)家的例子。假定有許多國(guó)家能生產(chǎn)兩種產(chǎn)品,每個(gè)國(guó)家
都只有一種生產(chǎn)要素:勞動(dòng)。在這種情況下,貿(mào)易模式和生產(chǎn)模式會(huì)怎樣(提示:畫出世
界相對(duì)供給曲線)?
11.在李嘉圖模型中,如果A國(guó)在兩種產(chǎn)品上都具有絕對(duì)優(yōu)勢(shì),那么貿(mào)易后A國(guó)的名義工
資水平肯定高于B國(guó)。這句話對(duì)嗎?請(qǐng)?jiān)u論。
12.假設(shè)某一國(guó)家擁有20000萬單位的勞動(dòng),才、V產(chǎn)品的單位產(chǎn)出所要求的勞動(dòng)投入分
別為5個(gè)單位和4個(gè)單位,試確定生產(chǎn)可能性邊界方程。如果1的國(guó)際相對(duì)價(jià)格為
2,該國(guó)的進(jìn)口數(shù)量為2000個(gè)單位,試確定該國(guó)的出口量,并在圖中畫出貿(mào)易三角形。
13.如果兩國(guó)各在某一商品上具有絕對(duì)優(yōu)勢(shì),那么兩國(guó)在相應(yīng)的商品上也必然具有比擬優(yōu)
勢(shì),這句話對(duì)嗎?請(qǐng)?jiān)u論。
Chapter5:SpecificFactorsandIncomeDistribution
MultipleChoiceQuestions
1.Internationaltradehasstrongeffectsonincomedistributions.Therefore,
internationaltrade
A.isbeneficialtoeveryoneinbothtradingcountries.
B.willtendtohurtonetradingcountry.
C.willtendtohurtsomegroupsineachtradingcountry.
D.willtendtohurteveryoneinbothcountries.
E.willbebeneficialtoallthoseengagedininternationaltrade.
2.Factorstendtobespecifictocertainusesandproducts
A.incountrieslackingcomparativeadvantage.
B.intheshortrun.
C.incapital-intensiveindustries.
D.inlabor-intensiveindustries.
E.incountrieslackingfairlaborlaws.
3.InaneconomydescribedbytheSpecificFactorsModel,theproduction
possibilityfrontierwillbe
A.linear.
B.concavetotheorigin.
C.convextotheorigin.
D.parabolicwithoneroot.
E.collapsedtoapoint.
4.Atthepointofproduction,theproductionpossibilityfrontierwillbe
tangentto
A.theorigin.
B.alinewhoseslopeistherelativequalityofthetwogoods.
C.alinewhoseslopeistherelativequantityofthetwogoods.
D.alinewhoseslopeistherelativepriceofthetwogoods.
E.Noneoftheabove.
5.Ifthepriceofthecapitalintensiveproductrisesmorethandoestheprice
ofthelandintensiveproduct,then
A.demandwillshiftawayfromthecapital-intensiveproduct,andits
productionwilldecrease.
B.demandwillshiftawayfromthecapital-intensiveproduct,andits
productionwilldecreaserelativetothatofthelandintensive
product.
C.theproductionofthecapital-intensiveproductwillindeed
decrease,butnotforthereasonsmentionedinAorB.
D.thecountriesexportingthecapital-intensivegoodwillloseits
comparativeadvantage.
E.Noneoftheabove.
6.Ifthepriceofthecapitalintensiveproductrises,wageswill
A.risebutbylessthanthepriceofthecapital-intensiveproduct.
B.risebymorethantheriseinthepriceofthecapital-intensive
product.
C.remainproportionallyequaltothepriceofthecapital-intensive
product.
D.fall,sincehiglierpricescauselessdemand.
E.Noneoftheabove.
7.IfAustraliahasrelativelymorelandperworker,andBelgiumhas
relativelymorecapitalperworker,theniftradeweretoopenupbetween
thesetwocountries,
A.therelativepriceofthecapital-intensiveproductwouldrisein
Australia.
B.theworldpriceoftheland-intensiveproductwouldbehigherthan
ithadbeeninBelgium.
C.theworldpriceofthelandintensiveproductwouldhehigherthan
ithadbeeninAustralia.
D.therelativepriceofthelandintensiveproductwouldrisein
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