超星 - 第6章测验

单选题

All of the following are factors mitigating against global trade liberalization EXCEPT:

A. regional trading arrangements may limit trade liberalization with outsiders
B. a small nation might do better entering into a pact with a larger nation, rather than competing globally
C. trading bloc members may not realize economies of scale through global liberalization
D. trading bloc members prefer competing globally rather than locally

查看答案

单选题

TheUnitedStatesservesasanexampleof:

A. acommonmarket
B. acommonunion
C. amonetaryunion
D. afreetradearea

查看答案

单选题

The task of creating an economic union is:

A. difficult
B. relatively easy
C. similar to creating a customs union
D. None of the above

查看答案

单选题

Suppose that Canada has domestic firms that could supply its entire market for radios at a price of $50, while U.S. firms could supply radios at $40 and Mexico at $30. Suppose that Canada initially has a 50 percent tariff on imports of radios and then forms a free trade area with the United States. As a result, Canada realizes:

A. Trade creation, no trade diversion, and overall welfare gains
B. Trade creation, no trade diversion, and overall welfare losser
C. Trade diversion, no trade creation, and potential overall welfare losser
D. Trade diversion, trade creation, and potential overall welfare gains

查看答案

单选题

Suppose taht Canada has domestic firms that could supply its entire market for radios at a price of $50, while U.S. firms could supply radios at $40 and Mexico at 430. Suppose that Canada initially has a 50 percent tariff on imports of radios and then forms a free trade area with Mexico. As a result. Canada realizes:

A. Trade creation, no trade diversion, and overall welfare gains
B. Trade creation, no trade diversion, and overall welfare losses
C. Trade diversion, no trade creation, and potential overall welfare losses
D. Trade diversion, trade creation, and potential overall welfare gains

查看答案

单选题

As of 2002, members of the European Monetary Union agreed to replace their currencies with the:

A. mark
B. dollar
C. franc
D. euro

查看答案

单选题

The formation of the European Monetary Union is expected to entail benefits for member countries which include all of the following except:

A. Greater certainty for investors within the EMU
B. Lower costs of transactions within the EMU
C. Independent monetary policies run by the central bank of each member country
D. Enhanced competition among companies in member countries

查看答案

单选题

According to the theory of optimum currency areas, a curruncy area has the least chance for success when:

A. Countries of the currency area have differing business cycles
B. Workers have a high degree of mobility across borders of the currency area
C. Prices and wages can be adjusted in reponse to economic disturbances
D. A single monetary policy affects all member countries in the same manner

查看答案

单选题

A main disadvantage of the European Monetary Union is that:

A. Each member country losses the use of monetary policy as to tool to combat recession
B. There is a high degree of labor mobility among the member countries
C. Prices are highly flexible in response to changing economic conditions
D. Wages are highly flexible in response to changing economic conditions

查看答案

单选题

World welfare under a customs union

A. Increases due to a trade creation effect
B. Decreasese due to a trade diversion effect
C. Depends on the relative strength of the trade creation effect and the trade diversion effect
D. All of the above

查看答案