国贸选择题与答案.docVIP

第二章(1~5 CEBDB 6~10 ADCAC) 1 Mercantilism refers to A) a collection of economic philosophies prevalent in the nineteenth century. B) an economic philosophy favoring minimalist government. C) an economic philosophy that encouraged colonialism. D) all of the above. 2 Mercantilists believed A) that trade is a positive-sum game. B) in the labor theory of value. C) countries should maintain a trade surplus. D) all of the above E) b and c. 3 To a mercantilist, the government should A) stay out of the management of the economy. B) engage in bullionism. C) encourage importation, as this is a sign of national wealth. D) avoid having colonies, as this is a draw on national resources. 4 The British Navigation Acts of the eighteenth century A) were examples of mercantilist policies. B) excluded, for example, Spanish ships, from trading with the coastal American colonies. C) were intended to maximize the flow of specie into Britain. D) all of the above. 5 The observation that over time a trade surplus leads to a net gain in a countrys holdings of precious metals A) is the inconsistent with mercantilism. B) is consistent with Humes price-specie-flow mechanism. C) is inconsistent with Humes price-specie-flow mechanism. D) none of the above. 6 The notion of absolute advantage A) was an important early critique of mercantilism. B) was original to mercantilist thinking. C) is central to the price-specie flow mechanism. D) was originally conceptualized by David Hume. 7 A laissez faire philosophy implies A) a substantial amount of government intervention in the economy. B) Governm ent holdings of gold and silver are the ultimate measures of the size of the economy. C) that self-interest is the path to economic ruin. D) governments should maintain law and order and protect property rights, but not much else. 8 The labor theory of value is A) the notion that trade can be a positive-sum game B) the idea that laborers in