国际经济学作业答案-第五章.docVIP

Chapter 5 The Standard Trade Model (Multiple Choice Questions 1. The concept “terms of trade” means (a) the amount of exports sold by a country. (b) the price conditions bargained for in international markets. (c) the price of a country’s exports divided by the price of its imports. (d) the quantities of imports received in free trade. (e) None of the above. Answer: C 2. A country cannot produce a mix of products with a higher value than where (a) the isovalue line intersects the production possibility frontier. (b) the isovalue line is tangent to the production possibility frontier. (c) the