【精品】国际贸易英文选择题.docxChapter「Introduction
Which statem ent m ost accurately describes US trade since 1 960?
Imports continually exceeded exports.
Exports continually exceeded imports.
Exports and imports were more than 50% of GDP.
Both imports and exports grew as a share of GDP.
Which of the following is NOT true?
As a share of their economies, small countries trade more than large countries.
Imports can not exceed exports because trade will become unbalanced.
Economists believe that trade generally benefits countries as a whole.
. imports currently exceed . exports.
The phrase "gains from trade" describes:
The benefit for two countries when they trade or make a transaction.
The profit of middlemen in a trade or a transaction.
Profits made by business in trade or a transaction.
Consumer surplus.
A com plaint that econom ists som etim es m ake against international trade is that it
does not benefit large countries like the US.
does not benefit consumers.
weakens a nation's security.
changes the distribution of income in an unfavorable way.
David Ricardo argued that trade occurs between countries because of
differences in endowments of factors of production.
differences in the size of their economies.
differences in climate and resources.
differences in labor productivity.
I n theory, w hich of the follow ing shouId be m ost averse to international trade?
Countries that are more efficient at producing than other countries.
Countries that are less efficient at producing than other countries.
Owners of resources that are "specifically" used in industries that compete with
imports.
Consumers.
Since the 1 990s
the World Trade Organization has refused to accept cost-benefit analyses.
the North American Free Trade Agreement has allowed trade between US and China.
trade policy has been mostly determined by conflicts between nations.
an anti-globalization movement has continued to fight trade negotiations.
A system of floating exchange rates has cu
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