International Trade (Chapter 7-12)知识点梳理汇总VIP免费

InternationalTrade(Chapter7-12)Chapter7:GrowthandTradeMultipleChoice1.Onefundamentalsourceoflong-runeconomicgrowthwouldbe:a.Externalscaleeconomies.b.Lowerwages.c.Improvementsinproductiontechnologies.d.Exploitingcomparativeadvantage.ANSWER:CFigure7.12.ReferringtoFigure7.1,thisoutwardshiftoftheproductionpossibilitiesfrontierisanexampleof:a.Biasedgrowth.b.Balancedgrowth.c.Themovefromautarkytofreetrade.d.Afallinproductioncosts.ANSWER:A3.Whichofthefollowingstatementsistrue?I.Increasesinacountry'sendowmentsofland,labor,andcapitalwillleadtolong-runeconomicgrowth.II.Improvementsinthetechnologyusedinproductioncanleadtoincreasesinoutput,butcannotleadtolong-runeconomicgrowth.III.Improvementsintechnologyandincreasesintheendowmentsofproductiveinputscanbothcausetheproduction-possibilitycurvetoshiftoutward.a.IandIIb.IandIIIc.I,IIandIIId.NoneoftheaboveClothWheatANSWER:B4.Acapital-abundantcountrytradestwogoodswiththerestoftheworld,medicalequipmentandcorn.Medicalequipmentisrelativelycapital-intensive.Anincreaseinthecountry’sendowmentofcapital,withnochangeinthepriceofeithermedicalequipmentorcorn,willcausetheoutputofmedicalequipmentto__________andtheoutputofcornto__________.a.Rise;fallb.Fall;risec.Rise;rised.Fall;fallANSWER:ATrue/FalseQuestions5.Foracountryalreadyengagedintrade,biasedgrowthwillleadtoanincreasedwillingnesstotrade.ANSWER:FALSE6.Ifacountryissmall,thenitstradewillhavenoeffectonitstermsoftrade.ANSWER:TRUE7.Growthcouldleadtoeitheranincreaseoradecreaseinacountry'swillingnesstotrade.ANSWER:TRUE8.Growthwithanincreasedwillingnesstoengageininternationaltradewillalwaysimprovetheeconomicwell-beingofacountry.ANSWER:FALSEEssayQuestions9.SupposethatCountryA,whichhasarelativeabundanceofcapital,furtherexpandsitsendowmentofcapital.Explainhowthismightaffectthevolume(amount)oftradeandtheinternationaltermsoftradewiththerestoftheworld?Underwhatconditions(ifany)wouldtheeconomicwell-beingofCountryAgodownafterthisincreaseincapital?Explain.POSSIBLERESPONSE:IftheamountofcapitalinCountryAincreases,theresultwillbeabiasedgrowthtowardtheproductionofcapital-intensivegoods.Asaresultofthisbiasedgrowth,thecountrywillexpanditsproductionofcapital-intensivegoodsandwillreduceitsproductionofgoodsrequiringtheintensiveuseofotherfactorsofproduction(Rybczynskitheorem).Thecountryincreasesitswillingnesstotrade.Ifthecountryislarge,theincreasedwillingnesswillaffecttheinternationalpriceratio(termsoftrade)tothedisadvantageofthecountry.Ifthiseffectislargeenough,theresultwillbeimmizerisinggrowth,whichcausesthecountrytolosewell-beingeventhoughoneofthefactorsofproductionisgrowing.Chapter8:AnalysisofaTariffMultipleChoiceQuestionsFigure8.1:TheU.S.MarketforShoes1.ReferringtoFigure8.1,theimpactofatariffonshoesontheamountofdomesticproducersurplusisa__________measuredbyarea__________.a.Gain;ab.Loss;ac.Gain;(a+b)d.Loss;(a+b)ANSWER:A2.ReferringtoFigure8.1,theimpactofatariffonshoesontheamountofdomesticconsumersurplusisa__________measuredbyarea__________.a.Gain;db.Loss;dc.loss;(a+b+c+d)d.Loss;(b+d)ANSWER:C3.ReferringtoFigure8.1,therevenuecollectedbytheU.S.governmentasaresultofthetariffonshoesisshownbyarea__________.a.ab.a+bc.cd.b+c+dANSWER:CDd(domesticdemandcurve)Sd(domesticsupplycurve)WorldpriceDomesticpricewithtariffQuantityS0D1S1D0abcdPrice4.ReferringtoFigure8.1,theimpositionofatariffonshoescausedeconomicwelfareintheU.S.to__________...