国际经济学题库6334140.doc

International Economics, 8e (Krugman) Chapter 18 The International Monetary System, 1870-1973 18.1 Macroeconomic Policy Goals in an Open Economy 1) Under the price-specie-flow mechanism, what happens when say Germanys current account surplus is greater than its non-reserve capital account deficits? A) German loans will finance all foreign net imports. B) Automatic drop in German domestic prices and rise in foreign prices. C) Gold reserves will flow into Germany. D) Gold reserves will flow out of Germany. E) None of the above. Answer: C Question Status: Previous Edition 2) The rules of the game under the gold standard can best be described as which of the following: A) selling domestic assets in a deficit and buying assets in a surplus. B) slowing down the automatic adjustments processes inherent in the gold standard. C) selling domestic assets in order to accumulate gold. D) selling foreign assets in a deficit and buying foreign assets in a surplus. E) None of the above. Answer: A Question Status: Previous Edition 3) A country seeking to maintain internal balance would be most concerned with: A) attaining low levels of unemployment. B) ensuring that savings is weighted more towards domestic investment than the current account. C) large fluctuations in output. D) an adequate stock of gold reserves. E) None of the above. Answer: C Question Status: Previous Edition 4) By internal balance, most economists mean A) full employment. B) price stability. C) full employment and price stability. D) full employment and moderate increase in prices. E) None of the above. Answer: C Question Status: Previous Edition 5) By external balance, most economists means, A) avoiding excessive imbalances in international payments. B) balance between exports and imports. C) balance between trade account and service account. D) fixed exchange rate. E) None of the