国贸·选择.doc

1. Assume that Country X produces two goods—sugar and shoes—and that the country’s production possibility curve is “bowed-out”. As the country produces more sugar, A
a. the opportunity cost of sugar in terms of shoes foregone will increase.
b. the opportunity cost of sugar in terms of shoes foregone will decrease.
c. the opportunity cost of shoes in terms of sugar foregone will increase.
d. the opportunity cost of sugar in terms of shoes foregone will be the same.
2. In the two-country, two-good model with an increasing-cost production-possibility curve, the amount of both goods that are produced in the economy in autarky is determined by: C
a. the production-possibility curve.
b. the specialization point.
c. the production-possibility curve and the community indifference curve.
d. the terms of trade.
3. Which of the following can explain why product prices in two countries will differ in a world with no trade? C
(1) Production conditions in the two countries are different and therefore the production-possibility curves in the two countries are different.
(2) Consumption conditions are different in the two countries and therefore the community indifference curves in the two countries are different.
(3) Trade would not be possible because the international price ratio would be the same in the two countries.
a. (1) + (3) b. (2) c. (1) + (2) d.(1) + (2) + (3)
4. Which of the following theories predicts that a country will export those goods that use the country’s abundant factor(s) intensively in production and import those goods that use the country’s scarce factor(s) intensively in production? C
a. Absolute advantage
b. Comparative advantage
c. Heckscher-Ohlin theory
d. the production differentiation model
5. If Country A is labor-abundant and capital-scarce, Country B is labor-scarce and capital-abundant, Good X is produced in a labor-intensive process, and Good Y is produced in a capital-intensive process, we would expect that: