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A.The gains from trade can be broken down into the gains from exchange and the gains from specialization

B. gains from exchange result even without specialization *C. gains from specialization result even without exchange D. none of the above

14. The gains from exchange with respect to the gains from specialization are always: A. greater B. smaller C. equal

*D. we cannot say without additional information

15. Mutually beneficial trade cannot occur if production frontiers are: A. equal but tastes are not B. different but tastes are the same C. different and tastes are also different *D. the same and tastes are also the same. 思考题：

国际贸易的标准理论与大卫.李嘉图的比较优势原理有何异同？ 两国仅仅由于需求偏好不同可以进行市场分工和狐狸贸易吗？ 两国仅仅由于要素禀赋不同和/或生产技术不同可以进行分工和贸易吗? Chapter 4: Demand and Supply, Offer Curves, and the Terms of Trade Multiple Choice Questions

1. Which of the following statements is correct?

A. The demand for imports is given by the excess demand for the commodity B. the supply of exports is given by the excess supply of the commodity

C. the supply curve of exports is flatter than the total supply curve of the commodity *D. all of the above

2. At a relative commodity price above equilibrium

A. the excess demand for a commodity exceeds the excess supply of the commodity B. the quantity demanded of imports exceeds the quantity supplied of exports *C. the commodity price will fall D. all of the above

3. The offer curve of a nation shows: A. the supply of a nation's imports B. the demand for a nation's exports

C. the trade partner's demand for imports and supply of exports *D. the nation's demand for imports and supply of exports

4. The offer curve of a nation bulges toward the axis measuring the nations A. import commodity *B. export commodity C. export or import commodity D. nontraded commodity

5. Export prices must rise for a nation to increase its exports because the nation: A. incurs increasing opportunity costs in export production

B. faces decreasing opportunity costs in producing import substitutes C. faces decreasing marginal rate of substitution in consumption *D. all of the above

6. Which of the following statements regarding partial equilibrium analysis is false? A. It relies on traditional demand and supply curves B. it isolates for study one market

*C. it can be used to determine the equilibrium relative commodity price but not the equilibrium quantity with trade D. none of the above

7. Which of the following statements regarding partial equilibrium analysis is true? A. The demand and supply curve are derived from the nation's production frontier and indifference map

B. It shows the same basic information as offer curves

C. It shows the same equilibrium relative commodity prices as with offer curves *D. all of the above

8. In what way does partial equilibrium analysis differ from general equilibrium analysis?

A. The former but not the latter can be used to determine the equilibrium price with trade

B. the former but not the latter can be used to determine the equilibrium quantity with trade

C. the former but not the latter takes into consideration the interaction among all markets in the economy

*D. the former gives only an approximation to the answer sought.

9. If the terms of trade of a nation are 1.5 in a two-nation world, those of the trade partner are: A. 3/4 *B. 2/3 C. 3/2 D. 4/3

10. If the terms of trade increase in a two-nation world, those of the trade partner: *A. deteriorate B. improve

C. remain unchanged D. any of the above

11. If a nation does not affect world prices by its trading, its offer curve: A. is a straight line

B. bulges toward the axis measuring the import commodity *C. intersects the straight-line segment of the world's offer curve D. intersects the positively-sloped portion of the world's offer curve

12. If the nation's tastes for its import commodity increases:

A. the nation's offer curve rotates toward the axis measuring its import commodity B. the partner's offer curve rotates toward the axis measuring its import commodity

C. the partner's offer curve rotates toward the axis measuring its export commodity *D. the nation's offer curve rotates toward the axis measuring its export commodity

13. If the nation's tastes for its import commodity increases: A. the nation's terms of trade remain unchanged *B. the nation's terms of trade deteriorate C. the partner's terms of trade deteriorate D. any of the above

14. If the tastes for a nation import commodity increases, trade volume: *A. increases B. declines

C. remains unchanged D. any of the above

15. A deterioration of a nation's terms of trade causes the nation's welfare to:

A. deteriorate B. improve

C. remain unchanged *D. any of the above 思考题：

提供曲线如何推导？有何用途？

两国贸易时的均衡商品价格是如何决定的？受哪些因素影响？

贸易条件的含义是？贸易条件的改善意味着什么？哪些因素可能导致贸易条件的改善？ Chapter 5: Factor Endowments and the Heckscher-Ohlin Theory Multiple-Choice Questions

1. The H-O model extends the classical trade model by: A. explaining the basis for comparative advantage B. examining the effect of trade on factor prices *C. both A and B D. neither A nor B

2. Which is not an assumption of the H-O model: A. the same technology in both nations B. constant returns to scale *C. complete specialization D. equal tastes in both nations

3. With equal technology nations will have equal K/L in production if: *A. factor prices are the same B. tastes are the same

C. production functions are the same D. all of the above