1、Chapter 6,1. Relaxing the assumptions on which the Heckscher-Ohlin theory rests: a. leads to rejection of the theory b. leave the theory unaffected c. requires complementary (补充的，互补的)trade theories d. any of the above,Chapter 6,Which of the following assumptions of the Heckscher-Ohlin theory,when re
2、laxed,leave the theory unaffected? A. Two nations,two commodities,and two factors,Chapter 6,2. Which of the following assumptions of the Heckscher-Ohlin theory, when relaxed,require new trade theories? a. constant economies of scale(constant returns to scale) and perfect competition b. incomplete sp
3、ecialization c. similar tastes in both nations d. the existence of transportation costs,Chapter 6,3. International trade can be based on economies of scale even if both nations have identical（完全相同）: a. factor endowments b. tastes c. technology d. all of the above,Chapter 6,4. A great deal of interna
4、tional trade: a. is intra-industry trade b. involves differentiated products c. is based on monopolistic competition d. all of the above,Chapter 6,5. Which type of trade is not explained by the Heckscher-Ohlin trade model? a. intra-industry trade b. trade based on economies of scale c. trade based o
5、n imitation（模仿） gaps and product cycles d. all of the above,Chapter 6,6. Trade in differentiated products refers to a. inter-industry trade b. intra-industry trade c. trade based on economies of scale d. trade based on imitation ( 模仿gaps and product cycles,Chapter 6,7. The Heckscher-Ohlin and new tr
6、ade theories explains most of the trade: a. among industrial countries b. between developed and developing countries c. in industrial goods d. all of the above,Chapter 6,8. Intra-industry trade takes place: a. because products are homogeneous b. in order to take advantage of economies of scale c. be
7、cause perfect competition is the prevalent （普遍的）form of market organization d. all of the above,Chapter 6,9. Trade based on technological gaps is closely related to: a. the H-O theory b. the product-cycle theory c. Linders （林德） theory d. all of the above,Chapter 6,10. If the cost of transporting a g
8、ood between two nations exceeds（超过） the pre-trade（贸易前） price difference for the good between the two nations, then trade in that good is a. Possible b. Impossible c. Reversed d. cannot say,Chapter 7,Chapter 8-9,1. Which of the following statements is incorrect? a. An ad valorem tariff （从价税）is expres
9、sed as a percentage of the value of the traded commodity b. a specific tariff （从量税）is expressed as a fixed sum of the value of the traded commodity. c. export tariffs are prohibited （禁止）by the U.S. Constitution（美国宪法） d. The U.S. uses exclusively（专有地） the specific tariff,Chapter 8-9,2. If a small nat
10、ion increases the tariff on its import commodity, its: a. consumption of the commodity increases b. production of the commodity decreases c. imports of the commodity increase d. none of the above,Chapter 8-9,3. The increase in producer surplus生产者剩余when a small nation imposes征税 a tariff is measured b
11、y the area: a. to the left of the supply curve between the commodity price with and without the tariff b. under the supply curve between the quantity produced with and without the tariff c. under the demand curve between the commodity price with and without the tariff d. none of the above,Chapter 8-
12、9,4. If a small nation increases the tariff on its import commodity: a. the rent of domestic producers of the commodity increases b. the protection cost of the tariff decreases c. the deadweight loss （负重损失）decreases d. all of the above,Chapter 8-9,5. With ai=50%, ti=0, and t=20%, g is: a. 40% b. 20%
13、 c. 80% g=(t-ai*ti)/(1-ai) d. 0,Chapter 8-9,6. The imposition of an import tariff by a small nation: a. increases the nations welfare b. reduces the nations welfare c. leaves the nations welfare unchanged d. any of the above is possible,Chapter 8-9,7. The imposition of an import tariff by a large na
14、tion: a. increases the nations terms of trade b. reduces the volume(量) of trade c. may increase or reduce the nations welfare d. all of the above,Chapter 8-9,8. The imposition of an optimum tariff by a large nation: a. improves its terms of trade b. reduces the volume of trade c. increases the natio
15、ns welfare(maximizes the net benefit) d. all of the above,Chapter 8-9,9. An import quota: a. increases the domestic price of the imported commodity b. reduces domestic consumption c. increases domestic production d. all of the above,Chapter 8-9,10. An increase in the demand of the imported commodity
16、 subject（以为条件） to a given import quota: a. reduces the domestic quantity demanded of the commodity b. increases the domestic production of the commodity c. reduces the domestic price of the commodity d. reduces the producers surplus,Chapter 8-9,11. The temporary (暂时的)sale of a commodity at below cos
17、t or at a lower price abroad in order to drive foreign producers out of business is called: a. predatory dumping（掠夺性） b. sporadic dumping（偶然性） c. continuous（persistent） dumping（持续性） d. voluntary export restraints（自动出口限制）,Chapter 8-9,12. Which of the following is true with respect（有关） to the infant-i
18、ndustry argument （幼稚产业论）for protection: a. it refers to temporary protection to establish a domestic industry b. to be valid, the return to the grown-up industry must be sufficiently high also to repay for the higher prices paid by domestic consumers of the commodity during the infancy period c. is
19、inferior to an equivalent production subsidy to the infant industry d. all of the above,Chapter 8-9,13. Which of the following is false with respect to strategic trade policy? a. it postulates（假定） that a nation can gain by an activist（积极的） trade policy b. it is practiced to some extent by most indus
20、trial nations c. it can easily be carried out d. all of the above,Chapter 8-9,14. Industrial policy refers to: a. an activist policy by the government of an industrial country to stimulate the development of an industry b. the granting of a subsidy to a domestic industry to stimulate the development
21、 of an industry c. the granting of a subsidy to a domestic industry to counter a foreign subsidy d. all of the above,Chapter 8-9,15. Trade protection in the United States is usually provided to: a. low-wage workers b. well-organized industries with large employment c. industries producing consumer p
22、roducts d. all of the above,Chapter 10&12,1. Which of the following statements is correct? a. In a customs union（关税同盟）, member nations apply（use） a uniform（相同的） external（对外的） tariff b. in a free-trade area, member nations harmonize their monetary and fiscal policies c. within a customs union there i
23、s unrestricted factor movement d. a customs union is a higher form of economic integration（经济一体化） than a common market,Chapter 10&12,2. A trade-creating customs union is one where: a. lower-cost imports from outside the customs union are replaced by higher-cost imports from a union member b. some do
24、mestic production in a member nation is replaced by lower-cost imports from another member nation c. trade among members increases but trade with nonmembers decreases d. trade among members decreases while trade with nonmembers increases,Chapter 10&12,3. A trade-diverting customs union: a. increases
25、 trade among union members and with nonmember nations b. reduces trade among union members and with nonmember nations c. increases trade among members but reduces trade with non-members d. reduces trade among union members but increases it with nonmembers,Chapter 10&12,4. A trade-diverting customs u
26、nion results in: a. trade diversion only b. trade creation only c. both trade creation and trade diversion d. we cannot say,Chapter 10&12,5. Which is not a dynamic benefit from the formation (形成)of a customs union? a. increased competition b. economies of scale c. stimulus (刺激)to investment d. trade
27、 creation e.better utilization （利用）of economic resources,Chapter 10&12,6. The benefit that Mexico is likely to receive from NAFTA: a. greater export-led growth b. encouraging the return of flight capital c. more rapid structural change d. all of the above,Chapter 10&12,7. The formation of a trade-cr
28、eating customs union where all economic resources of member nations are fully employed before and after the formation of the customs union leads to an: a. increase in the welfare of member and nonmember nations b. increase in the welfare of member nations only c. increase in the welfare of nonmember
29、 nations only d. increase or decrease in the welfare of member and nonmember nations(-trade-diverting),Chapter 10&12,8. A trade-diverting customs union: a. increases the welfare of member and nonmember nations b. reduces the welfare of member and nonmember nations c. increases the welfare of member
30、nations but reduces that of nonmembers d. reduces the welfare of nonmembers and may increase or reduce that of members,Chapter 10&12,9. Which of the following is not a beneficial effect of direct investments on the investing country: a. the transfer of technology b. higher profits c. risk diversific
31、ation(多样化) d. avoids the possible loss of export markets,Chapter 10&12,10. Foreign direct investment benefits the host nation because it: a. increases the K/L ration b. increases the productivity of labor c. increases per capital income d. all of the above,Chapter 10&12,11. U.S. labor generally a. o
32、pposes(反对) U.S. investments abroad b. favors U.S. investments abroad c. is indifferent to U.S. investments abroad d. we cannot say without additional information,Chapter 10&12,12. Labor in developing countries generally a. opposes an inflow of foreign direct investments from abroad b. favors an inflow （流入）of foreign direct investments from abroad c. is indifferent to foreign direct investments from abroad d. we cannot say without additional information,
