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Answer: A
In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least ____unit labor requirements
- one
- two
- three
four
B.
five
Answer: D
7.
A country engaging in trade according to the principles of comparative advantage gains from trade because it
- is producing exports indirectly more efficiently than it could alternatively.
- is producing imports indirectly more efficiently than it could domestically.
- is producing exports using fewer labor units.
- is producing imports indirectly using fewer labor units.
- None of the above.
8.
A nation engaging in trade according to the Ricardian（李嘉图） model will find its consumption bundle（消费约束）
- inside its production possibilities frontier.
- on its production possibilities frontier.
- outside its production possibilities frontier.（生产可能性边界）
- inside its trade-partner's production possibilities frontier.
- on its trade-partner's production possibilities frontier.
9.
If a very small country trades with a very large country according to the Ricardian model, then
- the small country will suffer a decrease in economic welfare.
- the large country will suffer a decrease in economic welfare.
- the small country will enjoy gains from trade.
- the large country will enjoy gains from trade.
- None of the above.
10.
If the world terms of trade for a country are somewhere between the domestic cost ratio of H and that of F, then
- country H but not country F will gain from trade.
- country H and country F will both gain from trade.
- neither country H nor F will gain from trade.
- only the country whose government subsidizes its exports will gain.
- None of the above.
If a production possibilities frontier is bowed out (concave to the origin)(上凸，凹面向原点), then production occurs under conditions of
- constant opportunity costs.
- increasing opportunity costs.（机会成本递增）
- decreasing opportunity costs.
- infinite opportunity costs.
- None of the above.
If two countries have identical production possibility frontiers, then trade between them is not likely if
- their supply curves are identical.
- their cost functions are identical.
- their demand conditions identical.
- their incomes are identical.
- None of the above.
13.
Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour.
Production costs would be lower in the United States as compared to Japan if
- U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour.
- U.S. productivity equaled 30 units per hour whereas Japan's was 20.
- U.S. labor productivity equaled 20 and Japan's 30.
- U.S. labor productivity equaled 15 and Japan's 25 units per hour.
- None of the above.
14.
International trade has strong effects on income distributions(收入分配效应，包括国内各个利益主体之间、国与国之间。).
Therefore, international trade
- is beneficial to everyone in both trading countries.
- will tend to hurt one trading country.
- will tend to hurt some groups in each trading country.
- will tend to hurt everyone in both countries.
- will be beneficial to all those engaged in international trade.
If the price of the capital intensive product rises（资本密集品价格上涨）, wages will
- rise but by less than the price of the capital-intensive product.（工资刚性，变动较慢）
- rise by more than the rise in the price of the capital-intensive product.
- remain proportionally equal to the price of the capital-intensive product.
- fall, since higher prices cause less demand.
- None of the above.
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