国际贸易理论复习资料(国贸).docxVIP

Multiple Choice QuestionsSovereign nations:Are subject to laws passed by the United Nations.Must be concerned with the interests of foreigners when developing economic policy.Often ignore the interests of foreigners.Must coordinate their monetary policy with the World Bank.ANSWER:COutsourcing of services to foreign countries:Cost the U.S. economy an estimated 5 million jobs by 2005.Mainly impacts workers in business services such as data entry and software development.Is a serious concern for workers in high-wage manufacturing industries.Will have a serious negative impact on all service sector jobs in the United States.ANSWER:BGlobalization:Is the process of intensifying the connections between national economies through international trade, foreign direct investments by multinational firms, and international financial investments.Has been proven to worsen working conditions and increase poverty in poor countries.Requires governments to weaken labor and environmental regulations in order to remain competitive.Is coordinated by the International Labor Organization to ensure respect for the four core labor standards.ANSWER:AThe long-run solution to eliminating child labor is to:Boycott companies whose products are produced using child labor.Impose trade sanctions against countries that violate child labor standards.Stimulate economic growth and rising incomes in poor countries.There is no long-run solution as demand for cheap labor will always exist.ANSWER:CIn early 2002, the national moneys of 12 European countries disappeared. They were replaced by one new money, the euro. The benefits to those countries included all of the following EXCEPT:It is convenient – there is no need to change money when crossing national borders.It is less risky – there is no need to worry about the changing value of one country’s money relative to another country’s money.It is economical – travel and trade are made easier due to a decrease in transaction costs.It strengthens domestic pol