第15章 汇率调整与国际收支(英文习题).docVIP

SINGLE CHOICE QUESTIONS （ ）1. According to the absorption approach（吸收法）, the economic circumstances that best warrant a currency devaluation（贬值） is where the domestic economy faces: a. Unemployment coupled with a payments deficit b. Unemployment coupled with a payments surplus c. Full employment（充分就业） coupled with a payments deficit d. Full employment coupled with a payments surplus （ ）2. According to the Marshall-Lerner approach（马歇尔—勒纳条件）, a currency depreciation （货币贬值）will best lead to an improvement on the home country’s trade balance when the: a. Home demand for imports is inelastic（缺乏弹性）—foreign export demand is inelastic b. Home demand for imports is inelastic—foreign export demand is elastic c. Home demand for imports is elastic—foreign export demand is inelastic d. Home demand for imports is elastic—foreign export demand is elastic（有弹性） （ ）3. Assume an economy operates at full employment（充分就业） and faces a trade deficit（贸易赤字）. According to the absorption approach, currency devaluation（货币贬值） will improve the trade balance if domestic: a. Interest rates rise, thus encouraging investment spending b. Income rises, thus stimulating consumption c. Output falls to a lower level d. Spending is cut, thus freeing resources to produce exports （ ）4. The Marshall-Lerner condition （马歇尔-勒纳条件）deals with the impact of currency depreciation on: a. Domestic income b. Domestic absorption c. Purchasing power of money balances d. Relative prices （ ）5. Assume the Canadian demand elasticity for imports equals 0.2, while the foreign demand elasticity for Canadian exports equals 0.3. Responding to a trade deficit, suppose the Canadian dollar depreciates by 20 percent. For Canada, the depreciation would lead to a an : a. Worsening trade balance—a larger deficit b. Improved trade balance—a smaller deficit c. Unchanged trade balance d. None of the above （ ）6. Assume the Canadian demand elasticity for imports equals 1.2, while the foreign demand elasticity for Canadian ex