国际金融英文版练习题-Chapter-1

InternationalFinanceAssignmentProblems(1)Name:StudentNo.:Choosethecorrectanswerforthefollowingquestions(onlyONEcorrectanswer)1.WhichofthefollowingisNOTtrueregardingthesubjectmatterofinternationalfinance?A.Internationalfinancestudiestheimportanttradetheories.B.Internationalfinanceexaminesthetheoryofbalanceofpaymentsanditsrelationshipwithmacroeconomicvariables.C.Internationalfinancestudiesexchangeratetheoriesandtheimpactsoftheexchangerateontheeconomy.D.Internationalfinancediscussestheexchangeraterisksandthederivativeinstrumentsbywhichpeopleusetocovertheexchangeraterisksandtospeculate.2.Globalizationrefersto__________.A.thestrengtheningofexistinginternationallinkagesofcommerce,financeandtheadditionofnewinternationallinkagesB.theexpansionofworldgovernanceandglobalsocietyC.theincreasedmobilityofpeoplesandinformationD.Alloftheabove3.Mutuallybeneficialtraderequireseachcountrytobetheleast-costproducerofatleastonegoodthatitcanexporttoitstradingpartner.Thisiscalled__________.A.thetheoryofcomparativeadvantageB.theinternationalfinancetheoryC.thetheoryofabsoluteadvantageD.thetheoryofbalanceofpayments4.WhichofthefollowingwouldNOTbeawaytoimplementcomparativeadvantage?A.IBMexportscomputerstoGambia.B.ComputerhardwareisdesignedintheUnitedStatesbutmanufacturedandassembledinMalaysia.C.WaterofthegreatestpurityisobtainedfromthewellsinOregon,bottled,andexportedworldwide.D.Alloftheaboveareexamplesofwaystoimplementcomparativeadvantage.5.WhichofthefollowingwouldNOTbeconsideredafeatureofcomparativeadvantage?A.ExportersincountryAsellgoodstoimportersincountryB.B.FirmsincountryAspecializeinmakingproductsthatcanbeproducedrelativeefficiently,givencountryA’sendowmentoffactorsofproduction.FirmsincountryBdolikewisethusmaximizingthecombinedoutputofcountriesAandB.C.TradeexistsbetweencountriesAandBbecauseofspecializedfactorsofproductionthatcannotbemovedamongcountries.D.Alloftheabovearefeaturesofcomparativeadvantage.6.Therealsectorinaneconomydealswith__________.A.transactionsinallgoodsandservicesB.transactionsinallfinancialassetsC.transactionsingoods,servicesandfinancialassetsD.transactionsinnewtechnologicalproductsonly7.Ofthefollowing,whichwouldNOTbeconsideredawaythatgovernmentinterfereswithcomparativeadvantage?A.tariffsB.quotasC.managerialskillsD.othernon-tariffrestrictions8.Afirmwithoperationsinmorethanonecountryiscalleda(an)_________.A.bigfirmB.multinationalcorporationC.internationalfirmD.alloftheabove9.TheprimarygoalofanMNCcomesdownto__________.A.seekmarketsB.improveitsproductionefficiencyC.gainaccesstotechnologyormanagerialexpertiseD.maximizeshareholderwealth10.Worldtradeofgoodsandserviceshasexpandedinaremarkablepacebecauseofthe__________.A.reductionintradebarriersB.lowertransportationcostsC.advancesintelecommunications,informationtechnologyandfinancialservicesD.Alloftheabovearethereasonsofrapidgrowthininternationaltrade.11.Nowadaystheworldtradeingoodsandservicesisimportant__________.A.onlytodevelopedcountriesB.onlytolessdevelopedcountriesC.tobothdevelopedandlessdevelopedcountriesD.toneitherdevelopednorlessdevelopedcounties12.WhichofthefollowingisNOTacharacteristicofthenowadaysfinancialmarkets?A.IncreasinglyinterdependentnationalfinancialmarketsB.theglobaltrendtowardfree-marketeconomiesC.Anincreasinglynumberofcross-borderpartnerships,includingmanyinternationalmerges,acquisitions,andjointventuresD.Anincreasingnumberofcooperativelinkagesamongsecuritiesexchange13.__________indicatesthatmutuallybeneficialtradecanoccurevenwhenonenationisabsolutelymoreefficientintheproductionofallgoods.A.ThetheoryofcomparativeadvantageB.ThetheoryofabsoluteadvantageC.ThetheoryofbalanceofpaymentsD.Thetheoryofexchangeratedetermination14.Awell-establishedmultinationalcompanyneeds__________tomaximizeitsfirmvalue.A.anopenmarketplaceB.highqualitystrategicmanagementC.accesstocapitalD.alloftheaboveQuestions15through20arebasedontheinformationpresentedintable1.1:Table1.1ProductioncapabilityContainersofsnowboardsContainersofdigitalcamerasAustriahas1,000units15containers/unit8containers/unitofproductionfactorsRussiahas1,000units12containers/unit3containers/unitofproductionfactors15.OneproductionfactorinAustriahasa(an)__________overoneproductionfactorinRussiain_________.A.absolutedisadvantage;digitalcamerasB.absolutedisadvantage;snowboardsC.absoluteadvantage;bothdigitalcamerasandsnowboardsD.noneoftheabove16.AustriahasalargecomparativeadvantageoverRussiaintheproductionof__________ataratioof__________.A.snowboards;5:4B.digitalcameras;8:3C.snowboards;8:3D.digitalcameras;5:417.AssumenotradebetweenAustriaandRussia.Ifeachcountryputs50%oftheirfactorsintoeachproduct,thetotalnumberofsnowboardsanddigitalcamerasproducedbythetwocountriescombinedare__________and_________.A.13,500snowboards;5,500camerasB.12,000snowboards;8,000camerasC.5,500snowboards;13,500camerasD.3,000cameras;15,000snowboards18.IftradetakesplaceatRussia’sdomesticprice,__________snowboardswillberequiredtoobtain1digitalcamera.A.4B.2.5C.1.25D.0.2519.IfeachcountryspecializesinproductionwithAustriaproducingonlydigitalcamerasa