3 A country's production possibility curve is determined by total resource supplies and: D A) the cost of those resources for both domestic and export production.
B) consumer demand for the outputs of the products included in the production possibilities curve.
C) the level of the country's exports relative to the export potential of other countries.
D) how those resources can be used to produce the outputs of the products included in the production possibilities curve.
4 ____________________ show the various combinations of consumption quantities of products that lead to the same level of well-being or happiness of consumers. B A) Production possibilities curves B) Indifference curves
C) Theories of international trade D) Production combinations
5 Actual consumption points chosen by consumers depend on: B A) which products are available.
B) budget constraints of domestic consumers.
C) which products are available domestically and which must be imported. D) quality of products that are available.
6 _____________________ show how the economic well-being of a whole group depends on the whole group's consumption of products. C A) Production possibilities curves B) Theories of international trade C) Community indifference curves D) Production combinations
7 Individual indifference curves differ from person to person: C
A) but they can still be combined to determine a community indifference curve if a large enough sample is used.
B) so they must be averaged to determine a community indifference curve for an individual product.
C) so there is no completely accurate way to combine individual indifference curves to arrive at a community indifference curve.
D) so they are not considered in determining benefits of international trade
8 With no trade, a country must be self-sufficient, which means that the country: D
A) will have individual indifference curves that are similar for similar products and consumers. B) will have community indifference curves that are different for similar products and consumers.
C) must increase domestic production to satisfy the varied demand of domestic consumers. D) must find the combination of domestically-produced products that will maximize
community well-being.
9 China is: C
A) land-abundant and labor-abundant. B) land-scarce and labor-scarce. C) labor-abundant and land-scarce. D) land-abundant and labor-scarce.
10 The demand curve for a product shows: A
A) how the quantity of the product demanded responds to the price of that product.
B) the price at which most producers will supply the product if a single product is considered. C) the optimum quantity of a product that will produce the greatest overall well-being of a nation.
D) how a country can increase domestic production for the product.
11 A country gains more from trade if: C
A) it exports a variety of products and imports products that are not produced domestically. B) other countries lose from trade because they do not produce as effectively as the rest of the world.
C) it receives a higher price for its exports relative to the price it pays for its imports. D) its domestic production is well-established and protected from imports..
12 ____________________ refers to the price a country receives from foreign buyers for exported products relative to the price the country pays foreign sellers for imported products. C A) Net export price B) Free trade C) Terms of trade D) Trade patterns
13 One reason that the production possibilities curves for different countries differ is that: D A) different countries import different amounts and kinds of products from different international sources.
B) the industries that are considered in creating the production possibilities curve are different for different countries.
C) production costs are the same in each country but these costs are affected by what each country imports or exports.
D) production conditions in each country differ so the effectiveness with which a country produces differs.
14 Community indifference curves differ between countries because: A A) demand conditions differ from country to country. B) production conditions in each country differ. C) production costs are different in each country. D) technology differs from country to country.
15 Better technology in one country results in: B A) differences in demand.
B) relatively higher resource productivity which can create a comparative advantage. C) more imports than in other countries.
D) a country being more self-sufficient and less likely to engage in trade.
16 ____________________ says that a country exports products that use relatively abundant resources intensively and imports products that use relatively scarce resources intensively. A A) Heckscher-Ohlin Theory
B) Ricardo's principle of comparative advantage C) Smith's theory of absolute advantage D) A production possibilities curve
17 A higher ratio of labor to other factors than is present in other countries indicates that a country is ______________. A A) labor-abundant. B) labor-intensive. C) labor-resistant. D) labor-efficient.
18 Where labor costs are a greater share of product costs than other factors, the products are considered to be ______________. B A) labor-efficient. B) labor-intensive.
C) labor-disadvantaged. D) labor-abundant.
19 Trade allows consumption: D
A) that coincides with domestic supply. B) to be maintained at a consistent level. C) without increasing imports.
D) outside of the country's production possibilities curve.
20 Trade allows a country to: A
A) reach a higher community indifference curve indicating a higher level of national well-being.
B) dictate the prices at which it will sell domestically-produced products in foreign markets. C) dictate the prices at which it will buy foreign products that compete with domestic products. D) standardize the individual indifference curves within the country.
第五章
1 In each country, international trade divides society into those who gain from trade and those who lose from trade because: B
A) trade is a zero sum activity, and if someone gains, someone must lose.
B) changes in product prices caused by trade will increase rewards to the suppliers of some factors and decrease rewards to suppliers of other factors.
C) those who own the factors of production gain and those who can only offer their work lose. D) those who import products have better opportunity to make money than those who export products.
2 In the short run, the income and returns that factors of production earn: A A) depend on the products they are employed to produce.
B) are immediately and directly affected by trade so that government intervention in trade is often necessary.
C) depend solely on how much of the factors are used to produce the products and the costs of those factors.
D) are not affected by trade at all since the factors are committed and their uses cannot be changed.
3 In the long run, factors of production: C
A) are tied to what they are employed to produce.
B) are affected in a manner that is inverse to the effect of trade on the products that those factors are used to produce.
C) can move between products in response to differences in returns.
D) are not important in determining the profits that firms can earn since the costs of factors are fixed.
4 Under certain conditions, the factor-price equalization theorem predicts that free trade will tend to equalize a factor's rate of pay in: D
A) only those countries where the demand for the factor is great.
B) only those countries where the factor is available in sufficient quantities. C) all counties, only if the factor itself is free to move between countries.
D) all countries, even if the factor itself is not free to move between countries.
5 According to the Heckscher-Ohlin model and its implications, trade makes some people absolutely better off and: A
A) other people absolutely worse off in each country in the world.
B) other people only marginally worse off since trade is a positive sum activity. C) leaves everyone else unaffected. D) others relatively better off.
6 The ____________________ says that, given certain conditions and assumptions, an event that changes a product price in a country raises the real rate of return on factors used intensively in rising-price industries and lowers the real rate of return on factors used intensively in falling-price industries. A
A) Stolper-Samuelson Theorem
B) Factor Price Equalization Theorem C) Theory of Comparative Advantage D) Heckscher-Ohlin Theorem
7 The more a factor is specialized or concentrated in the production of a product whose relative price is rising, the more: B
A) risk there is that the factor will be depleted.
B) that factor stands to gain from the change in product price.
C) likely it is that the supply of that factor will be artificially controlled. D) danger there is that producers will find substitutes for that factor.
8 The ____________________ says that free trade that equalizes the prices of products also equalizes the prices of the factors used to produce those products. D A) Stolper-Samuelson Theorem
B) Principle of Comparative Advantage C) Heckscher-Ohlin Theorem D) Factor Equalization Theorem
9 The factor-price equilibrium theorem says that laborers will eventually earn: D
A) less in importing countries than in exporting countries because the workers cannot move between countries.
B) the same wage rate only if labor migration is freely allowed and trade increases. C) more in exporting countries than in importing countries if labor is free to move.
D) the same wage rate in all countries, even if labor migration between countries is not allowed.
10 Physical capital and highly skilled labor are relatively abundant in: C A) developing countries. B) third-world countries. C) industrialized countries. D) exporting countries.
11 Almost 2/3 of proven oil and natural gas resources are located in: B A) off-shore fields.
B) Middle Eastern countries. C) Alaska. D) Russia.
12 International trade patterns: A
A) are broadly consistent with the Heckscher-Ohlin theory that predicts that countries tend to export products that use their abundant factors intensively.
B) are inconsistent with the Heckscher-Ohlin theory because of the difference in the economic sizes of nations.
C) are difficult to determine since each country uses a different monetary system.
百度搜索“77cn”或“免费范文网”即可找到本站免费阅读全部范文。收藏本站方便下次阅读，免费范文网，提供经典小说综合文库国际贸易选择题(3)在线全文阅读。
相关推荐：