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本课程起止时间为:2021-03-03到2021-06-26

01 World Trade: an Overview

1、 问题:Trade includes_and_, contribute much to economic globalization, especially to world economic growth.
选项:
A:export,investiment.
B:import,investiment.
C:export,import.
D:investiment,consumption.
答案: 【export,import.

2、 问题:In Nov. 2018, Chinese government started to have China International Import Expo,______.
选项:
A:which is harmful for trade liberalization.
B:which is the first expo on the world that aims to encourage import.
C:which will dramaticlly weaken the competition of domestic market.
D:which will deter to economic globalization.
答案: 【which is the first expo on the world that aims to encourage import.

3、 问题:Nowadays members of WTO also pay more attention on service trade compared with before. Because_____.
选项:
A:service trade has become more important than merchandise trade.
B:the issues of service trade usually combined with investment,which is important for world economic growth.
C:service trade is more competitive than other kinds of trade.
D:advanced countries has stronger competency in commercial service trade.
答案: 【the issues of service trade usually combined with investment,which is important for world economic growth.

4、 问题:Developing countries are becoming more important in world trade,__.
选项:
A:because the share of developing countries in world merchandise exports has increased obviously.
B:and developing economies exported less and less in past years.
C:merchandise trade between developing economies has decreased in the past decade.
D:because developing countries tend to cooperate with big economics.
答案: 【because the share of developing countries in world merchandise exports has increased obviously.

5、 问题:Why the three European Giants, Germany, U.K. and France usually have closer trade relationship with USA?
选项:
A:Because of the economic size.
B:Because of the distance.
C:Because of political factors.
D:Because of the border effect.
答案: 【Because of the economic size.

6、 问题:According to the gravity model, a characteristic that tends to affect the probability of trade existing between any two countries is______.
选项:
A:their cultural affinity.
B:the value of their traded goods.
C:their colonial-historical ties.
D:the distance between them.
答案: 【the distance between them.

7、 问题:Which of following is NOT the factor affectting trade pattern?
选项:
A:cultural affinity
B:geography
C:political factors
D:physics
答案: 【physics

8、 问题:When world merchandise trade developed robust,______.
选项:
A:the performance of world real GDP growth rate will beterrible.
B:the world real GDP growth rate is to be negative.
C:the performance of world real GDP growth rate generally is also good.
D:it will pull down the world real GDP growth rate.
答案: 【the performance of world real GDP growth rate generally is also good.

9、 问题:For the consumers, trade especially import is very important,NOT because_____.
选项:
A:they can have more choice and buy products.
B:they can enjoy services of higher quality with lower price.
C:they can access to kinds of products from different counties in the supermarket.
D:they can have more money to buy various products.
答案: 【they can have more money to buy various products.

10、 问题:Relying too much on trade,that’s to say, trade dependency or trade openness is too high,which is not very good for one country.Which of following is NOT ture?
选项:
A:Because it will make the country too fragile.
B:This is especially true for large countries.
C:But unfortunately, some countrie’s trade dependency still very high.
D:China’s trade dependency is very slow.
答案: 【China’s trade dependency is very slow.

11、 问题:_____still the most important content of world trade.
选项:
A:Manufactured goods
B:Service trade
C:Intellectual property
D:Partial manufactures
答案: 【Manufactured goods

12、 问题:The change range of the value of world merchandise trade usually larger than the volume one. Why?
选项:
A:Because the volume of world merchandise trade is shinking.
B:Becausethe value of world merchandise trade is jumping.
C:The key reason is that the price of commodity has big influence on the trend of world trade development.
D:Because the rising of commodity price.
答案: 【The key reason is that the price of commodity has big influence on the trend of world trade development.

13、 问题:Usually, when world economy is hot, world trade volume will _, at the same time the commodity price also will ___, so the value of world trade will expand more.
选项:
A:expand,fell down
B:expand,rise
C:shink,fell down
D:shink,rise
答案: 【expand,rise

14、 问题:Which of the following is most likely among the key topic list of G20 summit?
选项:
A:How to strengthen protective barriers.
B:How to encourage innovation.
C:How to ensure electricity safety.
D:How to deal with the fluctuation of commodity prices.
答案: 【How to deal with the fluctuation of commodity prices.

15、 问题:The traditional calculation usually misleads the understanding about global trade relationship. TiVA addresses this issue by _.
选项:
A:composing of parts from various countries around the world.
B:considering the value added by each country in the production of goods and services that are consumed worldwide.
C:reflecting in conventional measures of international trade.
D:producing and exporting products which import parts from other country.
答案: 【considering the value added by each country in the production of goods and services that are consumed worldwide.

02 Classical Trade Theory 02 Classical Trade Theory

1、 问题:In the Mercantilist view of international trade (in a two-country world),_____.
选项:
A:both countries could gain from trade at the same time, but the distribution of the gains depended upon the terms of trade.
B:both countries could gain from trade at the same time, and the terms of trade were of no consequence for the distribution of the gains.
C:neither country could ever gain from trade.
D:one country’s gain from trade was associated with a loss for the other country.
答案: 【one country’s gain from trade was associated with a loss for the other country.

2、 问题:In the price-specie-flow doctrine, a deficit country will _ gold, and this gold flow will ultimately lead to _ in the deficit country’s exports.
选项:
A:lose;  a decrease
B:lose;  an increase
C:gain;  a decrease
D: gain;  an increase
答案: 【lose;  an increase

3、 问题:Which of the following policies would NOT be consistent with the Mercantilist balance-of-trade doctrine?
选项:
A:payment of high wages to labor
B:import duties on final products
C:export subsidies
D:prohibition of imports of manufactured goods
答案: 【payment of high wages to labor

4、 问题:Referring to the following Table, the opportunity cost of one VCR in Japan is:Table: Output possibilities for South Korea and Japan      Output per worker per dayCountry           Tons of steel   VCRsSouth Korea   80                   40Japan           20                   20     
选项:
A:1 ton of steel
B:2 tons of steel
C:3 tons of steel
D:4 tons of steel
答案: 【1 ton of steel

5、 问题: Refer to the following table, according to the principle of absolute advantage, Japan should:Table: Output possibilities for South Korea and Japan Output per worker per dayCountry          Tons of steel    VCRsSouth Korea       80             40Japan               20             20    
选项:
A:Export steel
B:Export VCRs
C:Export steel and VCRs
D:None of the above; there is no basis for gainful trade
答案: 【None of the above; there is no basis for gainful trade

6、 问题:Refer to the following table, according to the principle of comparative advantage,Table: Output possibilities for South Korea and Japan Output per worker per dayCountry             Tons of steel VCRsSouth Korea     80                 40Japan                20              20     
选项:
A:South Korea should export steel
B:South Korea should export steel and VCRs
C:Japan should export steel
D:Japan should export steel and VCRs
答案: 【South Korea should export steel

7、 问题:The Ricardian model demonstrates that
选项:
A: trade between two countries will benefit both countries.
B:trade between two countries may benefit both regardless of which good each exports.
C:trade between two countries may benefit both if each exports the product in which it has a comparative advantage.
D:trade between two countries may benefit one but harm the other.
答案: 【trade between two countries may benefit both if each exports the product in which it has a comparative advantage.

8、 问题:In the Ricardian model, comparative advantage is likely to be due to _____.
选项:
A:scale economies.
B:home product taste bias.
C:greater capital availability per worker.
D:labor productivity differences.

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