2014国际贸易英文.docVIP

1 Countries such as Chaina that have large populations tend to have B two or more countries agree to liberalize trade in a selected group of categories. “Intraindustry trade” refers to A international trade of products made within the same industry. Intraindustry trade usually depends on what characteristics of the industry? D economies of scale and differentiated products. One reason that a large share of the trade between high-income industrial economies is intraindustry trade is because E high-income industrial economies have very similar resource endowments in proportional terms. Strategic trade policy is concerned with B capturing excess profit from foreign producers. The main reason why strategic trade policies are not put into practice more often is because B the information requirements are too great. Which of the following is not a problem in the implementation of industrial policies? E All of the above are problems. An internal economies of scale is defined as C one with falling costs over a relatively large range of output. Which of the following is true about monopolistic competition? C It is competition among many firms producing similar but differentiated products. Market failures occur whenever E all of the above. Suppose that China decided to subsidize a major research and development effort by Chinese firms in the semiconductor industry. Under the current rules of the WTO, the effort of China is E allowed as long as the subsidies are for developing a “precompetitive” technology. Which of the following does not indicate intraindustry trade? D trading New York-made films for Hollywood-made films. In a small country, the net national cost of tariff is equal to the reduction in consumer surplus minus B the increase in government revenue and the increase in producer surplus. VERs on Japanese autos in the early 1980s D increased the profit Japanese producers made on each car. Value added in China is C $400 If a tariff of 20 percent is