国际经济学模拟试题（英文）含答案汇编

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b. is the minimum level at which a tariff becomes effective in limiting imports

c. shows the increase in value-added for domestic production that a particular tariff structure makes possible, in percentage terms

d. shows how effective a tariff is in raising revenue 8. The institutional framework developed in 1947 to promote trade liberalization is known as a. the GATT b. the WTO c. the IMF d. The World Bank 9. Developing nations

a. have very limited involvement in international trade b. trade mostly with each other

c. rely heavily on exports of primary products to industrial nations

d. rely heavily on exports of manufactured products 10. A customs union is unique in that it

a. has no tariffs on trade among member nations b. has no tariffs on trade among member nations and a common set of tariffs on imports from non-members 更多精品文档

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c. has no tariffs on trade among member nations, a common set of tariffs on imports from non-members, and free mobility of factors of production such as labor and capital among members

d. allows unrestricted labor immigration from non-member nations

11. A nation's balance of payments statement

a. is a record of that nation's assets abroad and its liabilities to those from other nations

b. is an accounting adjustment process ensuring that a nation's exports will be equal to its imports c. does not include transactions of foreign citizens or companies living or operating within that nation d. is a record of the economic transactions between residents of that nation and the rest of the world, usually for a period of one year. 12. Since balance-of-payments accounting is a double-entry accounting system, an export of U.S. wheat to Mexico paid for by a deposit to the U.S. exporters account in a Mexican bank would be recorded on the U.S. balance of payments as a. a credit for merchandise exports and a credit to short-term financial flows

b. a credit for merchandise exports and a debit to short-term 更多精品文档

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c. a credit for merchandise exports and a debit to unilateral transfers

d. a credit for merchandise exports and a debit to official settlements

13. The foreign-exchange market a. is located in New York

b. is a market in Chicago for the international trading of commodities such as wheat or copper.

c. is a mechanism for individuals and institutions to exchange one national or regional currency or debt instrument for those of other nations or regions. d. is open from 9:00 a.m. to 3:00 p.m. New York time, Monday through Friday.

14. Market fundamentals that might be expected to influence exchange rate movements include all of the following factors except

a. differences in real income growth rates between countries b. differences in real interest rates between countries c. speculative opinion about future exchange rates d. changes in perceived profitability of economic investments between two countries 更多精品文档

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15. If inflation is higher in Mexico than in the United States, the law of one price would predict that

a. trade between Mexico and the United States would decline

b. the dollar price of autos purchased in Mexico would be higher than the dollar price of comparable autos purchased in the United States

c. the peso would appreciate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation rates

d. the peso would depreciate relative to the dollar by an amount equal in percentage terms to the difference between the two inflation rates

三、Questions（45’, answer these questions in Chinese） 1. Assume that labor is the only factor used in production, and that the costs of producing butter and cloth are given by the table below.(8’)

Cost in labor-hours to produce 1 unit of butter 1 unit of cloth Home 1/8 1/4 Foreign 1 1/2 (1) Express the price of butter relative to the price of cloth in terms of labor content for Home and Foreign in the absence of trade. 更多精品文档