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1、精选优质文档-倾情为你奉上昆明学院 学年 学期期末考试卷（ B 卷）考试科目 国 际 经 济 学 经 济 系 国际经济与贸易 专业 级 班学生姓名 学号 任课教师 教研室主任 题号一 二 三 四 五 六 七 八 九 十 总 分评分 Please finish all materials in the ANSWER SHEET Key Terms Explanation （5% for each terms, total 20%）1、Rybczynski Theorem2、Trade creation 3、The Fisher effect4、The real interest parity c
2、ondition Multiple Choice Questions (Each question just has only ONE correct answer)（30%）.A sudden shift from import tariffs to free trade may cause short-term unemployment in(a)import competing industries.(b)exporting industries.(c)industries that neither import nor export.(d)service industries(e)No
3、ne of the above.Given the following information:Number of Units Produced by one Unit of LaborClothWidgetsHome1020Foreign6030(a)Neither country has a comparative advantage.(b)Home has a comparative advantage in cloth.(c)Foreign has a comparative advantage in cloth.(d)Foreign has a comparative advanta
4、ge in widgets.(e)Home has a comparative advantage in both products.In a two-country, two-product world, the statement “Germany enjoys a comparative advantage over France in autos relative to ships” is equivalent to(a)France having a comparative advantage over Germany in ships.(b)France having a comp
5、arative disadvantage compared to Germany in autos and ships.(c)Germany having a comparative advantage over France in autos and ships.(d)France having no comparative advantage over Germany.(e)None of the above.One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative ad
6、vantage is by assuming that _ is (are) identical in all countries.(a)factor of production endowments(b)scale economies(c)factor of production intensities(d)technology(e)opportunity costs.If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if tra
7、de were to open up between these two countries,(a)the relative price of the capital-intensive product would rise in Australia.(b)the world price of the land-intensive product would be higher than it had been in Belgium.(c)the world price of the land intensive product would be higher than it had been
8、 in Australia.(d)the relative price of the land intensive product would rise in Belgium.(e)None of the above.If points a and b are both on the production possibility frontier of a country, then(a)consumers are indifferent between the two bundles.(b)producers are indifferent between the two bundles.(
9、c)at any point in time, the country could produce both.(d)Both cost the same.(e)The country could produce either of the two bundles.Immiserizing growth could occur to(a)a poor country experiencing export-biased economic growth.(b)a poor country experiencing import-biased economic growth.(c)a poor co
10、untry experiencing growth in its non-traded sector.(d)a poor country experiencing capital-intensive biased growth.(e)None of the above. Where there are economies of scale, an increase in the size of the market will(a)increase the number of firms and raise the price per unit.(b)decrease the number of
11、 firms and raise the price per unit.(c)increase the number of firms and lower the price per unit.(d)decrease the number of firms and lower the price per unit.(e)None of the above. Intra-industry trade is most common in the trade patterns of(a)developing countries of Asia and Africa.(b)industrial cou
12、ntries of Western Europe.(c)all countries.(d)North-South trade.(e)None of the above.10 .The effective rate of protection measures(a)the “true” ad valorum value of a tariff.(b)the quota equivalent value of a tariff.(c)the efficiency with which the tariff is collected at the customhouse.(d)the protect
13、ion given by the tariff to domestic value added.(e)None of the above.11. If the U.S. (a large country) imposes a tariff on its imported good, this will tend to(a)have no effect on terms of trade.(b)improve the terms of trade of all countries.(c)improve the terms of trade of the United States.(d)caus
14、e a deterioration of U.S. terms of trade.(e)raise the world price of the good imported by the United States.12.Should the home country be “large” relative to its trade partners, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms of the trade rectangle ex
15、ceed the sum of the(a)revenue effect plus redistribution effect.(b)protective effect plus revenue effect.(c)consumption effect plus redistribution effect.(d)protective distortion effect plus consumption distortion effect.(e)None of the above.13.Which of the following statements is the most accurate?
16、(a)A rise in the interest rate offered by dollar deposits causes the dollar to appreciate.(b)A rise in the interest rate offered by dollar deposits causes the dollar to depreciate.(c)A rise in the interest rate offered by dollar deposits does not affect the U.S. dollar.(d)For a given euro interest r
17、ate and constant expected exchange rate, a rise in the interest rate offered by dollar deposits causes the dollar to appreciate.(e)None of the above.14.If the goods money prices do not change, an appreciation of the dollar against the pound(a)Makes British sweaters cheaper in terms of American jeans
18、(b)Makes British sweaters more expensive in terms of American jeans(c)Doesnt change the relative price of sweaters and jeans(d)Makes American jeans cheaper in terms of British sweaters(e)None of the above15.The PPP theory fails in reality because(a)Transport costs and restrictions on trade(b)Monopol
19、istic or oligopolistic practices in goods markets(c)The inflation data reported in different countries are based on different commodity baskets.(d)(a), (b), and (c)(e)(a) and (b) only16.A rise in(a)real GNP decreases aggregate real money demand for a given interest rate, moving the L(R,Y) schedule t
20、o the right.(b)real GNP raises aggregate real money demand for a given interest rate, moving the L(R,Y) schedule to the left.(c)real GNP raises aggregate real money demand for a given interest rate, moving the L(R,Y) schedule to the right.(d)nominal GNP raises aggregate real money demand for a given
21、 interest rate, moving the L(R,Y) schedule to the right.(e)real GNP raises aggregate nominal money demand for a given interest rate, moving the L(R,Y) schedule to the right.17.A change in the level of the supply of money(a)increases the long-run values of the interest rate and real output.(b)decreas
22、es the long-run values of the interest rate and real output.(c)has no effect on the long-run value of only the interest rate.(d)has no effect on the long-run values of only real output.(e)has no effect on the long-run values of the interest rate and real output.18.When the domestic money prices of g
23、oods are held constant(a)A nominal dollar appreciation makes U.S. goods cheaper compared with foreign goods(b)A nominal dollar depreciation makes U.S. goods cheaper compared with foreign goods(c)A nominal dollar appreciation makes U.S. goods more expensive compared with foreign goods(d)(a) and (c) o
24、nly(e)(b) and (c) only19.The J-curve illustrates which of the following?(a)The effects of depreciation on the home countrys economy(b)The immediate increase in current account caused by a currency depreciation(c)The gradual adjustment of home prices to a currency depreciation(d)The short-term effect
25、s of depreciation on the current account(e)The Keynesian view of international trade dynamics20.If the representative basket of European goods and services costs 40 euros, the representative U.S. basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European ba
26、sket in terms of U.S. basket is(a)(0.9 $/euro) (40 euro per a European basket)/(50 $/U.S. basket)(b)(0.9 $/euro) (50 $/U.S. basket)/(40 euro per a European basket)(c)(40 euro per a European basket)/(50 $/U.S. basket) (0.9 $/euro)(d)(50 $/U.S. basket)(e)(0.9 $/euro) (40 euro per a European basket)/(5
27、0 $ U.S. basket).Calculating Problems （10%）1、Given the following information: （5 points）Unit Labor RequirementsClothWidgetsHome100200Foreign6030What is the opportunity cost of Cloth in terms of Widgets in Foreign?2、Fill in the following table, assuming the law of one price prevails. （5 points）Price
28、in the United States of a Sweater Expressed in Dollars, PiUSPrice in Europe Expressed in Euro, PiEExchange Rate between the Dollar and the Euro, E$/E25320.78125350.4554650.650.850.Short Answer Questions (20%)1. Answer the questions according to the following figure which showing the Costs and Benefi
29、ts of Import Tariff. (10%)PSHDHPSP*sPWbdcaefgsubsidyexportQ1) How much does the domestic consumer gain or loss if the home country offers an export subsidy? (2%)2) How much does the domestic producer gain or loss if the home country offers an export subsidy? (2%)3) How much does the domestic governm
30、ent gain or loss if the home country offers an export subsidy? (2%)4) What does b and d represent respectively? (2%)5) What does e+f+g represent ? (2%)2. Answer the questions according to the following figures. (10%)P2USE3$/E1$/t0(a) U.S. money supply, MUSTime(c) U.S. price level, PUSTime(b) Dollar
31、interest rate, R$TimeM1USt0t0R1$M2USP1USt0R2$E2$/(d) Dollar/euro exchange rate, E$/Time1) Why does the R$ jump downward at time t0? (figure b) (3%)2) Why does the R$ rise to the initial level in the long run? (figure b) (3%)3) What cause the Dollar/euro exchange rate E$/ rise from E1$/ to E2$/ at ti
32、me t0? (figure d) (4%). Illustration (20%)Suppose that the donor (Home country) has a higher marginal propensity to spend on its export goods cloth than the recipient (foreign country). (In other words, the donor has a lower marginal propensity to spend on its import goods food)Please illustrate the effects of international transfers of income on the terms of trade using the RD and RS curves.专心-专注-专业