国际经济学作业答案-第五章.pdfVIP

Chapter5TheStandardTradeModel

■MultipleChoiceQuestions

1.Theconcept“termsoftrademeans

(a)theamountofexportssoldbyacountry.

(b)thepriceconditionsbargainedfbrininternationalmarkets.

(c)thepriceofacountrysexportsdividedbythepriceofitsimports.

(d)thequantitiesofimportsreceivedinfreetrade.

(e)oneoftheabove.

Answer:C

2.Acountrycannotproduceamixofproductswithahighervaluethanwhere

(a)theisovaluelineintersectstheproductionpossibilityfrontier.

(b)theisovaluelineistangenttotheproductionpossibilityfrontier.

(c)theisovakielineisabovetheproductionpossibilityfrontier.

(d)theisovaluelineisbelowtheproductionpossibilityfrontier.

(e)theisovaluelineistangentwiththeindifferencecurve.

Answer:B

3.Tastesofindividualsarerepresentedby

(a)theproductionpossibilityfrontier.

(b)theisovalueline.

(c)theindifferencecurve.

(d)theproductionfiinction.

(c)oneoftheabove.

Answer:C

4.IfPC/PFweretoincreaseintheinternationalmarketplace,then

(a)allcountrieswouldbebetteroff.

(b)thetermsoftradeofclothexportersimprove.

(c)thetermsoftradeoffoodexportersimprove.

(d)thetermsoftradeofallcountriesimprove.

(e)oneoftheabove

Answer:B

5.IfPc/Prwcrctoincrease,

(a)theclothexporterwouldincreasethequantityofclothexports.

(b)theclothexporterwouldincreasethequantityofclothproduced.

(c)thefoodexporterwouldincreasethequantityoffoodexports.

(d)Both(a)and(c).

(e)oneoftheabove.

Answer:B

6.IfPC/PFweretoincrease,

(a)worldrelativ