Refer to the table above. If you are told that Country B is very much

1.Given the information in the table above, if the world equilibrium price of widgets were 40 cloths, then( ) 选项： A、each country will want to export the good in which it enjoys comparative advantage B、both countries will want to specialize in cloth C、neither country could benefit from trade with each other D、both countries could benefit from trade with each other E、neither country will want to export the good in which it enjoys comparative advantage

2. If the world equilibrium price of widgets were 4 Cloths, then 选项： A:both countries could benefit from trade with each other. B:neither country could benefit from trade with each other. C:each country will want to export the good in which it enjoys comparative advantage. D:neither country will want to export the good in which it enjoys comparative advantage. E:both countries will want to specialize in cloth.

3. If the world equilibrium price of widgets were 40 cloths, then 选项： A:both countries could benefit from trade with each other. B:neither country could benefit from trade with each other. C:each country will want to export the good in which it enjoys comparative advantage. D:neither country will want to export the good in which it enjoys comparative advantage. E:both countries will want to specialize in cloth.

4.Suppose that a country experiences growth strongly biased toward its export, cloth,选项： A:this will tend to leave the country's terms of trade unchanged.; B:this will tend to improve the country's terms of trade.; C:this will increase the price of cloth relative to the imported good.; D:this will tend to worsen the country's terms of trade.

5.If a good is imported into (large) country H from country F, then the imposition of a tariff in country H __________.选项： A:raises the price of the good in both countries (the "Law of One Price").; B:raises the price in country H and cannot affect its price in country F.; C:lowers the price of the good in both countries.; D:raises the price of the good in H and lowers it in F.

6.Trade between two countries can benefit both countries if A: each country exports that good in which it has a comparative advantage. B: each country enjoys superior terms of trade. C: each country has a more elastic demand for the imported goods. D: each country has a more elastic supply for the exported goods.

7.When can two countries gain from trading two goods?选项： A:when the first country can only produce the first good and the second country can only produce the second good; B:when the first country can produce both goods, but can only produce the second good at great cost, and the second country can produce both goods, but can only produce the first good at great cost; C:when the first country is better at producing both goods and the second country is worse at producing both goods; D:Two countries could gain from trading two goods under all of the above conditions.

8.The Ricardian two-country, two-good model predicts that there are potential benefits from trade, but NOT 选项： A:when both countries have the same types of technology available. B:when one country has significantly lower wages than the other country. C:the mechanism that determines which country will specialize in which good. D:the effect of trade on income distribution. E:when one country has an absolute advantage in the production of both goods.

9.If a good is imported into () country H from country F, then the imposition of a tariff in country H () 选项： A、raises the price in country H and does not affect its price in country F B、lowers the price of the good in both countries. C、lowers the price of the good in H and could raise it in D、raises the price of the good in H and lowers it in

10.In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that 选项： A、Moldova can only import goods; it cannot export goods. B、Moldova’s choice of which goods to export and which goods to import is not based on the principle of comparative advantage. C、only the domestic price of a good is relevant for Moldova; the world price of a good is irrelevant. D、Moldova is a price taker.

11.A product is produced in a monopolistically competitive industry with scale economies. If this industry exists in two countries, and these two countries engage in trade with each other, then we would expect ___________.选项： A:the country with a relative abundance of the factor of production in which production of the product is intensive will export this product.; B:the countries will trade only with other nations they are not in competition with.; C: the country in which the price of the product is lower will export the product.; D:each country will export different varieties of the product to the other.

12.A product is produced in a monopolistically competitive industry with scale economies. If this industry exists in two countries, and these two countries engage in trade with each other, then we would expect ___________. 选项： A、the country with a relative abundance of the factor of production in which production of the product is intensive will export this product. B、the countries will trade only with other nations they are not in competition with. C、 the country in which the price of the product is lower will export the product. D、each country will export different varieties of the product to the other.

13.If country A can produce more of practically everything than can country B, then which of the following statements is true?选项： A: Country A has no incentive to trade with country B. ; B:Country B cannot have a comparative advantage in the production of any good that country A wants to buy. ; C: Trade can benefit both countries. ; D:Country B has no incentive to trade with country A.

14.If country A can produce more of practically everything than can country B, then which of the following statements is true?选项： A:Country A has no incentive to trade with country B.; B:Trade can benefit both countries.; C:Country B has no incentive to trade with country A.; D:Country B cannot have a comparative advantage in the production of any good that country A wants to buy.

15.Export or import cargoes must be subject to when they are crossing a country's frontier.选项： A:customs duties ; B:trade barriers; C:export or import license ; D:customs inspection

16.Consider a two-country, two-commodity model. The table below shows the units of Good X and Good Y produced in Country A and Country B per labor hour. Which of the following statements is TRUE? Productivity Country 选项： A、Country B、Good X 1.00 0.50 Good Y 0.20 0.70 A) Country B has an absolute advantage in the production of both Good X and Good Y. B) Country A has an absolute advantage in the production of Good X. C、Country A has an absolute advantage in the production of both Good X and Good Y. D、Country B has an absolute advantage in the production of Good X.

17.If two countries with diminishing returns and different marginal rates of substitution between two products were to engage in trade, then 选项： A: the marginal rates of substitution of both would become equal. B: the shapes of their respective production possibility frontiers would change. C: the larger of the two countries would dominate their trade. D: the country with relatively elastic supplies would export more. E: the opportunity costs for the smaller country would increase.

18.An American buys a Japanese car, paying by writing a check on an account with a bank in New York. How would this be accounted for in the balance of payments? ( )选项： A:current account, a Japanese good import B:financial account, a U.S. asset export C:current account, a U.S. good import D:a current account as a U.S. good import and a financial account, a U.S. asset export

19.The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods ___________. 选项： A、helps developing countries export manufactured products. B、has no effect on developing country exports. C、hurts developing country efforts to export manufactured goods. D、hurts developing country efforts to export raw materials.

20.The fundamental force driving international trade is comparative _______. 选项： A、advantage: a country exports those goods that have high prices B、abundance: the country that produces more than it needs exports the good C、advantage: the country with the lower opportunity cost of production exports the good D、cost: a country trades with other countries that produce cheaper goods

21.The value of international trade is the sum of （）选项： A、Value of export trade of all countries (regions) B、Value of import trade of all countries (regions) C、Value of import and export trade of all countries (regions) D、Total trade value of trade of all countries (regions)

22.The value of international trade is the sum of （）选项： A:Value of export trade of all countries (regions); B:Value of import trade of all countries (regions); C:Value of import and export trade of all countries (regions); D:Total trade value of trade of all countries (regions)

23.The value of international trade is the sum of（）选项： A、Export value of all countries (regions) B、Import value of all countries (regions) C、Import and export value of all countries (regions) D、Total trade value of all countries (regions)