国际经济学理论与政策习题06.doc

PAGE 1　 　　 PAGE 81　 　　　 Chapter 6: Economies of Scale, Imperfect Competition, and International Trade　　　 　　 External economies of scale arise when the cost per unit　　　 rises as the industry grows larger.　　 falls as the industry grows larger rises as the average firm grows larger.　 falls as the average firm grows larger.　　 remains constant.　　　 None of the above.　 　 Answer: B　　　 　 Internal economies of scale arise when the cost per unit　 rises as the industry grows larger.　　　 falls as the industry grows larger.　 rises as the average firm grows larger.　 falls as the average firm grows larger.　　　 None of the above.　 　　　 Answer: D　　　 　　 External economies of scale　　 A. may be associated with a perfectly competitive industry. 　 cannot be associated with a perfectly competitive industry.　　 tends to result in one huge monopoly.　 tends to result in large profits for each firm.　 None of the above.　　　 　　　 Answer: A　 　　 Internal economies of scale　　 A. may be associated with a perfectly competitive industry.　 B. cannot be associated with a perfectly competitive industry. 　 are associated only with sophisticated products such as aircraft.　　　 cannot form the basis for international trade .　 None of the above.　 　　 Answer: B　　 　 A monopolistic firm　 can sell as much as it wants for any price it determines in the market.　　 cannot determine the price, which is determined by consumer demand.　　　 will never sell a product whose demand is inelastic at the quantity sold. 　 cannot sell additional quantity unless it raises the price on each unit.　　　 None of the above.　　 　　 Answer: C　 Monopolistic competition is associated with　 cut-throat price competition.　 product differentiation.　　 explicit consideration at firm level of the feedback effects of other firms pricing decisions.　 high profit margins.　 None of the above.　 　　 Answer: B　　 　 The most common market structure is　　 perfect competition.　　 monopolistic competition.　　　 small-group oligopoly. 　 perfectly vertical integration.　 N