【精选】《国际经济学》第十四章习题《国际经济学》第十四章习题.pdf

Chapter 14: Balance-of-Payments Adjustments Under Fixed Exchange Rates CHAPTER 14 BALANCE-OF-PAYMENTS ADJUSTMENTS UNDER FIXED EXCHANGE RATES MULTIPLE-CHOICE QUESTIONS 1. Which of the following does not represent an automatic adjustment in balance-of-payments disequilibrium? Variations in: a. Domestic income b. Foreign prices c. Domestic prices d. Foreign par values 2. The balance-of-payments adjustment mechanism developed during the 1700s by the English economist David Hume is the: a. Income-adjustment mechanism b. Flexible-exchange-rate-adjustment mechanism c. Price-adjustment mechanism d. Rank-reserve-adjustment mechanism 3. Which chain of events would promote payments equilibrium for a surplus nation, according to the price-adjustment mechanism? a. Increasing money supply—increasing domestic prices—rising imports—falling exports b. Increasing money supply—falling domestic prices—rising imports—falling exports c. Decreasing money supply—increasing domestic prices—falling imports—rising exports d. Decreasing money supply—decreasing domestic prices—falling imports—rising exports 4. During the gold standard era, the “rules of the game” suggested that: a. Surplus countries should increase their money supplies b. Deficit countries should increase their money supplies c. Surplus and deficit countries should increase their money supplies d. Surplus and deficit countries should decrease their money supplies 1 Chapter 14: Balance-of-Payments Adjustments Under Fixed Exchange Rates 5. Which of the following balance-of-payments adjustment mechanisms is most closely related to the quantity theory of money?