*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
4. We say that commodity Y is K-intensive with respect to X when: A. more K is used in the production of Y than X B. less L is used in the production of Y than X
*C. a lower L/K ratio is used in the production of Y than X D. a higher K/L is used in the production of X than Y
5. When w/r falls, L/K
A. falls in the production of both commodities *B. rises in the production of both commodities C. can rise or fall D. is not affected
6. A nation is said to have a relative abundance of K if it has a: A. greater absolute amount of K B. smaller absolute amount of L C. higher L/K ratio *D. lower r/w
7. A difference in relative commodity prices between nations can be based on a difference in: A. technology B. factor endowments C. tastes
*D. all of the above
8. In the H-O model, international trade is based mostly on a difference in: A. technology