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国际贸易理论(2.1比较优势理论) Test for comparative advantage

1、 问题:When Adam Smith presented his theory of absolute advantage, he thought that all value was measured in terms of the amount of _ used in the production of the good.
选项:
A:land
B:labor
C:capital
D:money
答案: 【labor

2、 问题:The Mercantilists did not advocate:
选项:
A:stimulating the nation’s exports
B:free trade
C:restricting the nations’ imports
D:the accumulation of gold by the nation
答案: 【free trade

3、 问题:If with one hour of labor time nation A can produce either 3X or 3Y while nation B canproduce either 1X or 3Y (and labor is the only input):
选项:
A:nation A has a comparative disadvantage in commodity X
B:nation B has a comparative disadvantage in commodity Y
C:nation A has a comparative advantage in commodity X
D:nation A has a comparative advantage in neither commodity
答案: 【nation A has a comparative advantage in commodity X

4、 问题:Ricardo explained the law of comparative advantage on the basis of:
选项:
A:the labor theory of value
B:the opportunity cost theory
C:the law of diminishing returns
D:all of the above
答案: 【the labor theory of value

5、 问题:The commodity in which the nation has the smallest absolute disadvantage is the commodity of its comparative disadvantage.
选项:
A:正确
B:错误
答案: 【错误

6、 问题:The trade theories of Adam Smith and David Ricardo viewed the determination ofcompetitiveness from the demand side of the market.
选项:
A:正确
B:错误
答案: 【错误

7、 问题:The mercantilists contended that because one nation’s gains from trade come the expense of its trading partners, not all nations could simultaneously realize gains from trade.
选项:
A:正确
B:错误
答案: 【正确

8、 问题:In the Wealth of Nations, Adam Smith presented his theory of comparative advantage.
选项:
A:正确
B:错误
答案: 【错误

国际贸易理论(2.3标准贸易模型) A quiz for standard trade model

1、 问题:A production frontier that is concave indicates that the nation incurs increasing opportunitycosts in the production of:
选项:
A:commodity X only
B:commodity Y only
C:both commodities
D:neither commodity
答案: 【both commodities

2、 问题:The marginal rate of transformation (MRT) of X for Y refers to:
选项:
A:the amount of Y that a nation must give up to produce each additional unit of X
B:the opportunity cost of X
C:the absolute slope of the production frontier at the point of production
D:all of the above
答案: 【all of the above

3、 问题:Community indifference curves:
选项:
A:are negatively sloped
B:are convex to the origin
C:should not cross
D:all of the above
答案: 【all of the above

4、 问题:The marginal rate of substitution (MRS) of X for Y in consumption refers to the:
选项:
A:amount of X that a nation must give up for one extra unit of Y and still remain on thesame indifference curve
B:amount of Y that a nation must give up for one extra unit of X and still remain on the same indifference curve
C:amount of X that a nation must give up for one extra unit of Y to reach a higherindifference curve
D:amount of Y that a nation must give up for one extra unit of X to reach a higherindifference curve
答案: 【amount of Y that a nation must give up for one extra unit of X and still remain on the same indifference curve

5、 问题:Which of the following is not true for a nation that is in equilibrium in isolation?
选项:
A:it consumes inside its production frontier
B:it reaches the highest indifference curve possible with its production frontier
C:the indifference curve is tangent to the nation’s production frontier
D:MRT of X for Y equals MRS of X for Y, and they are equal to Px/Py
答案: 【it consumes inside its production frontier

6、 问题:If the internal Px/Py is lower in nation 1 than in nation 2 without trade:
选项:
A:nation 1 has a comparative advantage in commodity Y
B:nation 2 has a comparative advantage in commodity X
C:nation 2 has a comparative advantage in commodity Y
D:none of the above
答案: 【nation 2 has a comparative advantage in commodity Y

7、 问题:If actual Px/Py exceeds the equilibrium relative Px/Py with trade
选项:
A:the nation exporting commodity X will want to export more of X than at equilibrium
B:the nation importing commodity X will want to import less of X than at equilibrium
C:Px/Py will fall toward the equilibrium Px/Py
D:all of the above
答案: 【all of the above

8、 问题:If the terms of trade increase in a two-nation world, those of the trade partner:
选项:
A:deteriorate
B:improve
C:remain unchanged
D:any of the above
答案: 【deteriorate

9、 问题:Mutually beneficial trade cannot occur if production frontiers are:
选项:
A:equal but tastes are not
B:different but tastes are the same
C:different and tastes are also different
D:the same and tastes are also the same
答案: 【the same and tastes are also the same

10、 问题:Given a two-country and two-product world, the United States would enjoy all the attainable gains from free trade with Canada if it:
选项:
A:Trades at the U.S. rate of transformation
B:Trades at the Canadian rate of transformation
C:Specializes completely in the production of both goods
D:Specializes partially in the production of both goods
答案: 【Trades at the Canadian rate of transformation

11、 问题:The terms of trade is given by:
选项:
A:(Price of exports/price of imports) – 100
B:(Price of exports/price of imports) + 100
C:(Price of exports/price of imports) ÷ 100
D:(Price of exports/price of imports) × 100
答案: 【(Price of exports/price of imports) × 100

12、 问题:A terms-of-trade index that equals 150 indicates that compared to the base year:
选项:
A:It requires a greater output of domestic goods to obtain the same amount of foreign goods
B:It requires a lesser amount of domestic goods to obtain the same amount of foreign goods
C:The price of exports has risen from $100 to $150
D:The price of imports has risen from $100 to $150
答案: 【It requires a lesser amount of domestic goods to obtain the same amount of foreign goods

国际贸易理论(2.2要素禀赋论) One quiz for H-O Theory

1、 问题:A nation is said to have a relative abundance of K if it has a:
选项:
A:higher L/K ratio
B:lower price of K in relation to the price of L
C:smaller absolute amount of L
D:greater absolute amount of K
答案: 【lower price of K in relation to the price of L

2、 问题:In the H-O model, international trade is based mostly on a difference in:
选项:
A:technology
B:economies of scale
C:tastes
D:factor endowments
答案: 【factor endowments

3、 问题:According to the H-O theory, trade reduces international differences in:
选项:
A:commodity prices
B:factor prices
C:both commodity and factor prices
D:neither relative nor absolute factor prices
答案: 【both commodity and factor prices

4、 问题:According to the Stolper-Samuelson theorem, international trade leads to
选项:

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