01WorldTradeanOverview

Exercise1.1Whytradeisimportant

1、单选题:
‎Chinese students go abroad to study in United Kingdom means_____.‎
选项:
A: The United Kingdom exports education services to China.
B: The United Kingdom imports education services from China.
C: China exports education services to United Kingdom.
D: China imports tourism services from United Kingdom.
答案: 【 The United Kingdom exports education services to China.

2、单选题:
‌As we all know,import is as important as exports,because_____.Which of following is NOT ture?‎
选项:
A: import can provide products or services that the domestic market cannot provide.
B: import can force the local firms try their best to innovate.
C: import can force the local firms improve product’s quality.
D: imports will hinder world economic growth absolutely.
答案: 【 imports will hinder world economic growth absolutely.

3、判断题:
‌Not all the people like trade, in fact some particular group will be harmed by trade.‌‌T or F‌
选项:
A: 正确
B: 错误
答案: 【 正确

Exercise1.2FeaturesandTrendsofWorldTrade

1、单选题:
‌Which of following is NOT key features and trends of World Trade?​
选项:
A: Service trade has became the most important content of world trade.
B: Trade in value added emerging as a sensitive and important topic and attracts more and more attention.
C: Digital technologies are reshaping world trade.
D: Fluctuation of commodity price will affect value of trade deeply.
答案: 【 Service trade has became the most important content of world trade.

2、单选题:
‍From what we learned,______provide a new insight into the commercial relations between nations by considering the value added by each country.‌
选项:
A: Trade in commodities
B: Trade in service
C: Trade in Value-Added
D: Intellectual property
答案: 【 Trade in Value-Added

3、判断题:
‏3)Digital technologies has fundamentally reshaped our economies, slashing the cost of acquiring and trading information.‌‏T or F‌
选项:
A: 正确
B: 错误
答案: 【 正确

Exercise1.3WhoTradeswithWhomTheGravityModel

1、单选题:
‏From the Gravity Model equation, we can find that the value of trade between two countries depends on two important factors, one is _______ and the other is_______.‏
选项:
A: economic size,the distance between them.
B: national territorial area ,the distance between them.
C: economic size,national territorial area.
D: economic size,investment.
答案: 【 economic size,the distance between them.

2、单选题:
​Why in 2006 Canada is USA’s biggest trader, while in 2015 China substituted Canada to be the No.1?‍
选项:
A: Because there are so many Chinese.
B: Because China’s economic size expanded.
C: Because China is closer to America than Canada.
D: Because chinese labor price is lower.
答案: 【 Because China’s economic size expanded.

3、判断题:
‌Only economic size and distance can affect trade pattern.‌‌T or F‌
选项:
A: 正确
B: 错误
答案: 【 错误

02ClassicalTradeTheory

Exercise2.1Mercantilism

1、单选题:
‍The mercantilists would have objected to:‎
选项:
A: Export promotion policies initiated by the government
B: The use of tariffs or quotas to restrict imports
C: Trade policies designed to accumulate gold and other precious metals
D: International trade based on open markets
答案: 【 International trade based on open markets

2、判断题:
​The mercantilists contended that because one nation's gains from trade come at the expense of its trading partners, not all nations could simultaneously realize gains from trade.‌
选项:
A: 正确
B: 错误
答案: 【 正确

3、判断题:
‎According to the price-specie-flow-doctrine, a trade-surplus nation would experience gold outflows, a decrease in its money supply, and a fall in its price level.‍
选项:
A: 正确
B: 错误
答案: 【 错误

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