第02章--古典贸易理论(英文习题)答案

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第2章古典贸易理论英文习题(答案)-1-CHOICEQUESTIONS(D)1.Themercantilists(n.重商主义)wouldhaveobjectedto(反对):a.Exportpromotionpolicies(出口促进政策)initiated(v.发起)bythegovernmentb.Theuseoftariffs(n.关税)orquotas(n.配额)torestrictimportsc.Tradepoliciesdesignedtoaccumulate(v.积累)goldandotherpreciousmetals(贵金属)d.Internationaltradebasedonopenmarkets(自由市场)(C)2.Unlikethemercantilists,AdamSmithmaintained(v.主张,坚称)that:a.Tradebenefitsonenationonlyattheexpenseof(在损失…的情况下)anothernationb.Governmentcontroloftradeleadstomaximum(adj.最大值的,最大量的)economicwelfare(经济福利)c.Allnationscangainfromfreeinternationaltraded.Theworld’soutputofgoodsmustremainconstant(adj.不变的)overtime(D)3.Thetradingprincipleformulated(v.明确表达)byAdamSmithmaintained(v.主张,坚称)that:a.Internationalpricesaredeterminedfromthedemandsideofthemarketb.Differencesinresourceendowments(资源禀赋)determinecomparativeadvantagec.Differencesinincomelevelsgovernworldtradepatternsd.Absolutecostdifferences(成本差异)determinetheimmediatebasisfortrade(A)4.Assumethatlaboristheonlyfactorofproduction(生产要素)andthatwagesintheUnitedStatesequal$20perhourwhilewagesintheUnitedKingdomequal$10perhour.ProductioncostswouldbelowerintheUnitedStatesthantheUnitedKingdomif:a.U.S.laborproductivityequaled40unitsperhourwhileU.K.laborproductivityequaled15unitsperhourb.U.S.laborproductivityequaled30unitsperhourwhileU.K.laborproductivityequaled20unitsperhourc.U.S.laborproductivityequaled20unitsperhourwhileU.K.laborproductivityequaled30unitsperhourd.U.S.laborproductivityequaled15unitsperhourwhileU.K.laborproductivityequaled25unitsperhour(C)5.Concerning(prep.关于,就…而论)internationaltraderestrictions(n.限制),whichofthefollowingisfalse?Traderestrictions:a.Limitspecialization(专业化)andthedivisionoflabor(劳动分工)b.Reducethevolumeoftrade(贸易量)andthegainsfromtrade(贸易所得)c.Causenationstoproduceinsidetheirproductionpossibilitiescurves(生产可能性曲线)d.Mayresultinacountryproducingsomeoftheproductofitscomparativedisadvantage(A)6.Inatwo-country,two-productworld,thestatement“JapanenjoysacomparativeadvantageoverFranceinsteelrelativetobicycles”isequivalentto(相当于):a.Francehavingacomparativeadvantage(比较优势)overJapaninbicyclesrelativetosteelb.Francehavingacomparativedisadvantagee(比较劣势)overJapaninbicyclesrelativetosteelc.JapanhavingacomparativeadvantageoverFranceinsteelandbicyclesd.JapanhavingacomparativedisadvantageagainstJapaninbicyclesandsteel(B)7.Intheabsenceoftrade,anationisinequilibrium(n.均衡)whereacommunityindifferencecurve(社会无差异曲线,CIC):a.Liesaboveitsproductionpossibilitiescurveb.Istangent(adj.正切的;相切的)toitsproductionpossibilitiescurve(生产可能性曲线,PPC)c.Intersects(v.相交,交叉)itsproductionpossibilitiescurved.Liesbelowitsproductionpossibilitiescurve(C)8.Thegainsfrominternationaltradeincreaseas:a.Anationconsumesinsideofitsproductionpossibilitiesscheduleb.Anationconsumesalong(prep.沿着)itsproductionpossibilitiesschedulec.Theinternationaltermsoftraderisesabovethenation’sautarky(n.自给自足)priced.Theinternationaltermsoftradeapproaches(v.接近,靠近)thenation’sautarkyprice第2章古典贸易理论英文习题(答案)-2-(B)9.“Theequilibriumrelativecommoditypriceatwhichtradetakesplaceisdeterminedbytheconditionsofdemandandsupplyforeachcommodityinbothnations.Otherthingsbeingequal,thenationwiththemoreintense(adj.强烈的)demandfortheothernation’sexportedgoodwillgainlessfromtradethanthenationwiththelessintensedemand.”Thisstatementwasfirstproposed(v.提出)by:a.AlfredMarshallwithoffercurve(提供曲线)analysisb.JohnStuartMillwiththetheoryofreciprocaldemand(相互需求理论)c.AdamSmithwiththetheoryofabsoluteadvantaged.DavidRicardowiththetheoryofcomparativeadvantage(B)10.Givenatwo-countryandtwo-productworld,theUnitedStateswouldenjoyalltheattainable(adj.可得到的)gainsfromfreetradewithCanadaifit:a.TradesattheU.S.rateoftransformationb.TradesattheCanadianrateoftransformationc.Specializescompletely(完全专业化)intheproductionofbothgoodsd.Specializespartially(部分专业化)intheproductionofbothgoods(B)11.Ariseinthepriceofimportsorafallinthepriceofexportswill:a.Improve(v.改善)thetermsoftrade(贸易条件,TOT)b.Worsen(v.恶化)thetermsoftradec.Expandtheproductionpossibilitiescurve(生产可能性曲线)d.Contract(v.收缩)theproductionpossibilitiescurveTRUE-FALSEQUESTIONS(F)1.Inanopentradingsystem,acountrywillimportthosecommoditiesthatitproducesatrelativelylowcostwhileexportingcommoditiesthatcanbeproducedatrelativelyhighcost.Correct:importthosecommoditiesthatitproducesatrelativelyhighwhileexportingcommoditiesthatcanbeproducedatrelativelyhighcost(T)2.Themercantilists(n.重商主义者)contended(v.认为)thatbecauseonenation’sgainsfromtradecomeattheexpenseof(在损失...的情况下)itstradingpartners(贸易伙伴),notallnationscouldsimultaneously(adv.同时)realizegainsfromtrade.(F)3.Accordingtotheprice-specie-flowdoctrine(价格-铸币-流动学说),atrade-surplusnation(贸易顺差国)wouldexperiencegoldoutflows,adecreaseinitsmoneysupply,andafallinitspricelevel.Correct:atrade-surplusnationwouldexperiencegoldinflows,anincreaseinitsmoneysupply,andariseinitspricelevel.(F)4.Ifacountry’stermsoftradeworsen(v.恶化),itmustexchangefewerexportsforagivenamountofimports.Correct:Ifacountry’stermsoftradeworsen,itmustexchangemoreexportsforagivenamountofimports.(F)5.Theprincipleofabsoluteadvantageasserts(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