国际贸易Chap6习题.docVIP

CHAPTER 6 Multiple Choice Questions 1. Which of the following is two-way trade in which the country both exports and imports products that are the same or similar? a. net trade b. product differentiation trade c. intra-industry trade d. internal trade 2. Which of the following is the value of the difference between exports and imports for a product? a. product differentiation b. net trade c. intra-industry trade d. constant returns to trade 3. Which of the following is not an example of intra-industry trade? a. Europe exports Airbus airplanes and imports Boeing airplanes. b. Americans export Jeeps and import Jaguars. c. Japan exports cars and imports oil. d. America exports films to the rest of the world and imports foreign films. 4. Which of the following statements about intra-industry trade is accurate? (1) Intra-industry trade occurs primarily between developed countries. (2) Intra-industry trade is less prevalent where trade barriers are low. (3) Intra-industry trade has become more prominent over the last 50 years. a. (1) + (2) b. (2) + (3) c. (1) + (3) d. (1) + (2) + (3) 5. Which of the following is the formula for the intra-industry trade (IIT) share? a. 1 – (Sum of |X – M|) b. 1 – (Sum of X + M) c. 1 – (Sum of |X – M|/Sum of X + M) d. X – M 6. Which of the following refers to the situation that arises when consumers view products produced in an industry as similar, but not perfect substitutes for each other? a. product differentiation b. net trade c. intra-industry trade d. constant returns to trade 7. Assuming both long-run adjustments of factor inputs and constant factor input prices, average cost does not change when the quantity of output changes with _______. a. internal scale economies b. external scale economies c. economies of scale d. constant returns to scale 8. _______ exist if increasing expenditures on all inputs increases the output quantity by a larger percentage. a. Constant returns to scale b. Economies of scale c. Product