厦门大学《国际经济学》国际经济学期中考试1-英文.docVIP

国际经济学期中考试1 PAGE  PAGE 9 Mid-term Examination for International Economics I.Multiple choices: 30% 1.Mercantilists believed A.That trade can only benefit a country at the expense of all other countries. B.That maintaining a balance of trade surplus was best. C.Government should have no control over trade. D.Amassing large quantities of gold and silver were damaging to the health of a country. 2.Specialization in production is _______ with _______. A.Incomplete; constant costs B.Incomplete; increasing costs C.Variable; constant costs D.Complete; increasing costs 3.China is relatively labor-abundant and Australia is relatively land-abundant. Textiles are relatively more labor-intensive than the production of wool According to Heckscher-Ohlin (H-O) theory, Australia will have: A. A comparative advantage in textiles. B. An absolute advantage in textiles. C. A comparative advantage in wool. D. An absolute advantage in wool. 4. Considering a world economy with two goods, two countries. Suppose country 1 specializes in and exports commodity x in exchange of commodity y. Which of the following is the possible basis for international trade according the absolute advantage theory ? A. The unit labor requirment in x production is less in Country 2 than that in Country 1. B. The relative price of x in Country 1 exceeds the relative price of x in country 1 C. Country 1 can produce a unit of x with less labor than country 2 D. All of the above. 5.Which of the following is not the assumption generally used in the study of classical international trade theory? A.perfect competition B.difference in factor endowment C.complete specialization D.pefect internaional moility of factors 6.Gains from trade can be demonstrated in the neoclassical model by noting that A.trade leads to specialization B.trade brings out diversity in consumption C.trade results in more consumption above the production possbilit