Multiple Choice Question (International Economics)

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1. Single (10 Points) Which theory is not based on H-O model?

A. Rybczynski theorem

B. Stolper-Samuelson theorem

C. Economies of scale theory

D. Heckscher-Ohlin-Samuelson theorem

2. Single (10 Points) From Mundell, if there is inflation in economy, government should use

A. Expansionary fiscal policy

B. Tightening fiscal policy

C. Expansionary monetary policy

D. Tightening monetary policy

3. Single (10 Points) From Mundell, if there is trade deficit, government should use

A. Expansionary fiscal policy

B. Tightening fiscal policy

C. Expansionary monetary policy

D. Tightening monetary policy

4. Single (10 Points) Types of dumping NOT include

A. Illusion dumping

B. Sporadic dumping

C. Predatory dumping

D. Persistent dumping

5. Single (10 Points) In China, rapid development of labor-intensive industry makes workers' wage increase. We can use () to explain this phenomenon?

A. H-O model

B. H-O-S theorem

C. Rybczynski theorem

D. Stolper-Samuelson theorem

6. Judge (10 Points) The classical trade theories stand on developed countries' ground?

A. True

B. False

7. Judge (10 Points) If a small country imposes import tariff, there is loss in net welfare?

A. True

B. False

8. Judge (10 Points) From Tinbergen law, if government of a country wants to realize one target, it should use at least one policy?

A. True

B. False

9. Judge (10 Points) New factor trade theory believes other factors except labor force, capital and land bring international trade?

A. True

B. False

10. Judge (10 Points) Every import quota has its equivalent tariff and every tariff has its equivalent import quota?

A. True

B. False