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1、TESTBANKOFINTERNATIONALECONOMICSPartI.Fillintheblankwithsuitablecontent.1.Seventhemesrecurthroughoutthestudyofinternationaleconomics.Theseare,thebalanceofpayments,exchangeratedetermination,internationalpolicycoordination,internationalcapitalmarket.2.Countriesengageininternationaltradefortwobasicreas
2、ons:and,3.Acountryhasacomparativeadvantageinproducingagoodifofproducingthatgoodintermsofothergoodsislowerinthatcountrythanitisinothercountries.4.Laboristheonlyonefactorofproduction.aLC、aLWanda；C、a；WaretheunitlaborrequirementincheeseandwineatHomeandForeign,respectively.If,Homehasacomparativeadvantage
3、incheese,pc/pwistherelativepriceofcheese,whenHomeandForeignspecializeinproducingcheeseandwine,respectively.5.Laboristheonlyonefactorofproduction.aLC、aLWandac、a；WaretheunitlaborrequirementincheeseandwineatHomeandForeign,respectively.LandL*areHomesandForeign,slaborforce.Ifaljc/alwpcpw。、户犬、rWinsideHome
4、is.Thatis,therealincomeofcapitalistsincrease,itcanbeshownas.7.Therearetwomainreasonswhyinternationaltradehasstrongeffectsonthedistributionofincome.First,Second.8.IntheHeckscher-Ohlinmodel,Comparativeadvantageisinfluencedbytheinteractionbetweenand9.Accordingto,iftherelativepriceofagoodrises,therealin
5、comeofthefactorwhichintensivelyusedinthatgoodwillrise,whiletherealincomeoftheotherfactorwillfall.IO-Accordingto,atunchangedrelativegoodsprice,ifthesupplyofafactorofproductionincreases,theoutputofthegoodthatareintensiveinthatfactorwillrise,whiletheoutputoftheothergoodwillfall.1!.AccordingIo,ownersofa
6、country,sabundantfactorsgainfromtrade,butownersofacountry,sscarefactorslose.12.Accordingto,internationaltradeproducesaconvergenceofrelativegoodsprices.Thisconvergence,inturns,causestheconvergenceoftherelativefactorprices.Tradeleadstocompleteequalizationoffactorprices.13.Threeassumptionscrucialtothep
7、redictionoffactorpriceequalizationareinrealityuntrue.Theseassumptionsare(1)(2)(3).14.U.S.exportswerelesscapital-intensivethanU.S.importsvisknownas15.TheRicardianModel,theSpecificFactormodelandtheH-Omodelmaybeviewedasspecialcasesof16.Thestandardtrademodelderivesaworldrelativesupplycurvefromandaworldr
8、elativedemandcurvefrom.17.Toexport-biasedgrowth,ifthedeclineofthewelfarecausedbytheJeteriorationofthetermsoftradeswapovertheriseofthewellrecausedbygrowth,thegrowthis.18.Someeconomistsarguedthatexport-biasedgrowthbypoornationswouldworsentheirtermoftradesomuchthattheywouldbeworseoffthaniftheyhadnotgro
9、wnatall.Thissituationisknownas.19.Immiserizinggrowthdemandsstrictconditions,theseconditionsare20.Accordingto“，tariffsandexportsubsidiesmighthaveperverseeffectsoninternalprice.21.InthemodelofMonopolisticCompetitionandTrade,firmsofanindividualnationfacethetrade-offbetweenand.22.Marshallarguedthatthere
10、werethreemainreasonswhyaclusteroffirmsmaybemoreCfficientthananindividualfirminisolation:,23.Thepatternofintraindustrytradeitselfisunpredicted,determinethedetailsofthetradepattern.39.Whenthereisexternaleconomies,thepatternofinternationaltradeisdeterminedby.24.Theindexesofintrainindustrytradeofaindust
11、rycanbecalculatedbythestandardformula:/=.25.Interindustrytradeandintrainindustrytradearethesourcesofgainsfromtrade.When、，intrainindustrytradeisthedominantsourceofgainsfromtrade,everyonegainsfromtrade.26.Theargumentoftemporaryprotectionofindustriestoenablethemtogainexperienceisknownas27.Ifweaddtogeth
12、erthegainsandlossesfromatariff,Wefindthetheneteffectonnationalwelfarecanbeseparatedintotwoparts:and28.Whydocountriesadopttradepoliciessuchastarifforimportquota,whichproducemorecoststhanbenefits?29.Inthepoliticaleconomyoftradepolicy,govementareassumedtomaximizeratherthan.30.Deviationsfromfreetradecan
13、sometimesincreasenationalwelfare.Theseargumentsincludeand3!.Accordingto,domesticmarketfailureshouldbecorrectedbydomesticpoliciesaimeddirectlyattheproblem,ssources.32.Internationaltradeoftenproduceslosersaswellaswinners.Intheactualpoliticsoftradepolicy,incomedistributionisofcrucialimpolance.canexplai
14、nwhypoliciesthatnotonlyseemtoproducemorecoststhanbenefitsbutthatalsoseemtohurtfarmorevotersthemtheycanhelpcannonethelessbeadopted.33.TheWTOincludesfouraspectscontent:GATTI994,GATS,34.Nondiscriminatoryprinciplesincludeprincipleandprinciple35.Forpreferentialtradingagreements,suchas,countriesmustcedepa
15、rtoftheirsovereigntytosupranationalentity.36.Whetheracustomsunionisdesirableorundesirabledependsonwhetheritlargelyleadstoor.PartII.TrueorFalse(trueandfalsearedenotedbyTandF,respectively)l.Ifarw*aLCaLwaLC,Home,srelativeproductivityincheeseishigher.()2.AccordingtotheRicardianmodel,itispreciselybecausetherelativewageisbetweentherelativeProdJLlCliVilieSthateachcountryendsupwithacostadvantageinonegood.Theg
