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2008—2009年第二学期期末考试试卷(A卷)


广东外语外贸大学国际经济贸易学院 《国际贸易》2008—2009 年第二学期期末考试试卷(A 卷) 07 级电子商务专业 使用 时间:2 小时 班级 姓名 学号 成绩 Ⅰ. Please explain the following definitions.(5 for each, totally 20) 1. H-O Theorem 2. Factor Intensity 3.

Rybczynshi theorem 4. Optimum Tariff Ⅱ. Please choose the correct answer by circling.(2 for each, totally 10) 1. Members remove trade barriers among themselves, but keep their separate national barriers against trade with the outside world. We call this kind of Economic Integration as: A. Free Trade Area B. Customs Union C. Common Market D. Full Economic Union 2. The terms-of-trade argument for protection maintains that national welfare can be enhanced through a restrictive trade policy instrument. It should also be emphasized that only type of country that can employ the terms-of-trade argument with any success is: A. a small country B. a large country C. a developing country D. a developed country 3. An important feature of the Product Cycle Model is the proportion that the factor proportions to produce a product will change in a systematic way as the product move through its life cycle. In the innovation stage, production is: A. skill-intensive B. capital-intensive C. labor-intensive D. resource-intensive 4. According to the Theory of Customs Union, the welfare loss from a customs union, we call it: A. trade creation B. trade diversion C. producer surplus D. consumer surplus 5. There is incomplete specialization in production in 2 nations model under: A. increasing opportunity costs B. decreasing opportunity costs C. constant opportunity costs D. unchanging opportunity costs Ⅲ . Illustrate and Explain.(10 for each, totally 20. Please choose 2 of the following) 1. Immiserizing Growth and the conditions make it occur.
1

2. If

Lx Ly rA rB , L=labor, K=capital, r=interest rate, w=wage rate, ? , ? K x K y wA wB

A and B means the 2 nations in the world market. Please use PP curve and Indifference curve to illustrate and explain the H-O Model. 3. The Effects of an Import Quota under Monopolist Conditions.

Ⅳ. Calculation.(10 for each, totally 20.) 1. Without international trade, market price in China for car is RMB200,000.00/piece. Under this price, demand for car is 100,000,0 pieces. Under opened market, China has car business with USA. Price in international market for car is RMB150,000.00/piece. Under this price, China produces 600,000 pieces domestically, imports 600,000 pieces from USA. From closed market to opened market, please calculate in China: (1) the gain or loss to the producer; (2) the gain or loss to the customer; (3) the gain or loss to the nation

2. If China charges 80% import duty on car, 50% on the engine and 30% on the steel, the total value of the car is USD100,000.00, the value of engine is USD300,00.00, the value of steel is USD500,00.00. Please calculate the Effective tariff rate on the car.

Ⅴ. Briefly answering the follow question.(10 for each, totally 10. Please choose one of the follows) 1. What is meant by the Leontief Paradox? What are some possible explanations of the Paradox? 2. What is meant by Customs Union? What dynamic benefits are the nations forming a customs union likely to receive?

Ⅵ. Answer the following question in details.(totally 20) 1. To overcome the present serious economic decrease in the world, what kind of trade policy would be helpful?
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