萨尔瓦多版国际经济学课后答案和选择题教案.pptVIP

Multiple-choice Questions 7. When a nations commodity terms of trade deteriorate and its income terms of trade improve, the nations welfare: a. falls b. rises c. remains unchanged d. any of the above * Multiple-choice Questions 8. Immizerising growth refers to a: a. decrease in the commodity terms of trade and increase in the income terms of trade b. a decrease in the welfare of a nation with growth c. a decrease in the income terms of trade and an increase in welfare d. any of the above. * Multiple-choice Questions 9. Developing nations often experience wildly fluctuating export prices for their primary products because of: a. inelastic and stable demand and supply b. elastic and unstable demand and supply c. inelastic and unstable demand and supply d. elastic and stable demand and supply * Multiple-choice Questions 10. Empirical studies have found that, in general, the export instability faced by developing nations was: a. not very large and did not seriously interfere with development b. very large and seriously interfered with development c. very large but did not seriously interfere with development d. not very large but seriously interfered with development * Multiple-choice Questions 11. The policy of import substitution was most vigorously followed by: a. large developing nations during the 1980s b. large developing nations during the 1960s c. small developing nations during the 1970s d. small developing nations during the 1960s * Answer to Problems Chapter 9 1. International trade can be regarded as a substitute for the movements of productive resources in the sense that a relatively capital-abundant and labor-scarce country, such as the United States, could either export capital-intensive commodities or export capital itself, and either import labor-intensive products or allow the immigration of workers from countries with plentiful labor supplies. The opposite is the case for a relatively capital-poor and labor-abundant developing country. * 2. a. Port