International Economic Relations test answers

International economic relations "test, the number of questions - 40.

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Task 1.

Question 1. When will benefit from international trade?

When a country has a comparative advantage in the production of goods;

When the world price of the exported goods will be lower than the inside;

When the world price and the domestic price of the exported goods will be equal;

When exporting country has more natural resources;

When the world price of the exported goods will be higher than the domestic price.

Question 2. The establishment of free trade will lead to the fact that Argentina will be the exporter, and Brazil - importer. Trade will increase the general well-being in both countries. Which of the following most accurately defines the population in both countries, who will be performing for and against free trade?

Consumers in both countries in favor of free trade; producers in Argentina in favor of free trade, and manufacturers in Brazil - against;

Consumers in both countries in favor of free trade; producers in Brazil in favor of free trade, and producers in Argentina - against;

Manufacturers in both countries in favor of free trade; Consumers in Argentina in favor of free trade, and manufacturers in Brazil - against;

Producers and consumers in Argentina, in Brazil in favor of free trade; Consumers and producers in Argentina, in Brazil - against;

Manufacturers in Brazil and Argentina are the consumers for free trade; Consumers in Brazil and Argentina manufacturers - against.

Question 3. Why industries competing with imports, oppose the free foreign trade?

They have to raise the international price of imported goods;

They increase the volume of sales to customers who prefer to import products;

They need to lower production efficiency in order to remain competitive;

They will have to sell their products at lower prices, as competition escalates;

All of the above.

Question 4: What is the indicator "terms of trade"?

The ratio of imports to exports;

The difference between export and import price;

The ratio of export prices of the country in question to its import prices;

The introduction of trade restrictions;

The index of competitiveness of production.

Question 5. How is the indicator "terms of trade"?

In terms of the country's wealth;

For groups of countries based on the world price;

According to the principle of comparative advantage;

For individual countries or groups of countries on the basis of price indices for exports and imports;

In terms of the gains from trade between exporting and importing countries.

Task 2.

Question 1. From some parameters depend on the terms of trade?

From changes in the production conditions;

From fluctuations in demand in the global and domestic markets;

The degree of monopolization of markets of individual countries;

From the ratio of export and import prices;

From all of the above.

Question 2. If a country increases its exports, so that as a result of declining growth rates for the goods on the world market and gross export revenues are reduced, then we are dealing with:

Heckscher - Ohlin;

The problem of growth are ruined;

The principle of relative superiority;

The positive effect of economic growth;

Theorem Stolper - Samuelson.

Question 3: What leads to the theory of Heckscher - Ohlin?

It allows us to estimate the gain from foreign trade;

It gives the opportunity to evaluate the effects of foreign trade for the owners of the same factors of production;

It allows you to determine the level of world prices for individual products;

It gives the opportunity to evaluate the effects of foreign trade for the owners of different factors of production;