国际金融英文chapter 1--03版(3)

作业

1.2 The Theory of Comparative Advantage

1) The theory that suggests specialization by country can increase worldwide production is ________.

A) the theory of comparative advantage

B) the theory of foreign direct investment

C) the international Fisher effect

D) the theory of working capital management

Answer: A

Diff: 1

Topic: 1.2 Comparative Advantage

Skill: Recognition

2) Of the following, which would NOT be considered a way that government interferes with

comparative advantage?

A) tariffs

B) managerial skills

C) quotas

D) other non-tariff restrictions

Answer: B

Diff: 1

Topic: 1.2 Comparative Advantage

Skill: Recognition

3) Comparative advantage shifts over time as less developed countries become more developed and realize their latent opportunities.

Answer: TRUE

Diff: 1

Topic: 1.2 Comparative Advantage

Skill: Recognition

4) Although the world is a long way from the classical trade model, the general principle of comparative advantage is still valid.

Answer: TRUE

Diff: 1

Topic: 1.2 Comparative Advantage

Skill: Analytical

3