R17 练习: 国际贸易

考纲范围

  • describe the benefits and costs of international trade.
  • compare types of trade restrictions, such as tariffs, quotas, and export subsidies, and their economic implications.
  • explain motivations for and advantages of trading blocs, common markets, and economic unions.

Q1.

Which of the following is not a typical benefit of international trade?

A. To benefit from economies of scale as the local businesses expand their product offerings to new markets.

B. To obtain a greater variety of products available to domestic households and firms.

C. To gain more prominent productivity from less competition and more proficient assignment of assets.


Q2.

Which of the following statements of costs of international trade is most likely correct?

A. People in developing countries lose their jobs as a result of import competition.

B. In the short term less efficient firms may be forced to exit while resources are likely to be more effectively employed in other industries in the long run.

C. Neither is correct.


Q3.

After a small country carrying out import quota on imported automobiles, which of the following would most likely benefit from such trade protection?

A. Domestic automobile producers.

B. Government.

C. Domestic automobile consumers.


Q4.

What are the most likely effects on government revenue of the country implementing the following alternative trade policies?

Import quotaVoluntary export restraintExport subsidy
ADecreaseMixedDecrease
BMixedNo changeDecrease
CIncreaseNo changeIncrease

A. A

B. B

C. C


Q5.

What is the most likely reaction for a small country if being imposed with a tariff by a large country?

A. Increase the price of goods to recover from the loss

B. Retaliate by similar tariff policies with large country

C. Alter the terms of trade which indicates a redistribution of income


Q6.

Due to the serious shortage of domestic labor, country D will adopt the policy of restricting the export of palm oil, natural rubber, and other commodities, while country J’s consumption of palm oil and natural rubber mainly depends on imports from country D. Which of the following statements is most likely to be correct?

A. Palm oil prices in country J will fall.

B. Natural rubber producers in country J will benefit.

C. The national welfare of country J will increase.


Q7.

To make easier free-trading, several African countries set up a union and remove trade barriers between them, such as tariff and import quota. At the same time, a common external tariff is imposed on non-members of the union. Which of the following best describes such an organization?

A. Free trade areas (FTA).

B. Customs union.

C. Common market.


Q8.

What is the major difference between an economic union and a monetary union?

A. A monetary union allows the free movement of factors of production.

B. An economic union does not adopt a common currency.

C. An economic union members have a common trade policy against non-members.