, Online Test Bank
to accompany
International Economics
Eighth Edition
Eugenio Suarez
Trinity University
Copyright 2010, Pearson Addison Wesley. All Rights Reserved.
,Acquisitions Editor: Noel Kamm Seibert
Project Manager: Gavin Broady
Production Editor: Alison Eusden
Manufacturing Buyer: Carol Melville
Copyright © 2010, 2007, 2004, 2001 Pearson Education, Inc., 75 Arlington Street, Boston, MA 02116.
Pearson Addison-Wesley. All rights reserved. Printed in the United States of America. This publication is
protected by copyright and permission should be obtained from the publisher prior to any prohibited
reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical,
photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions
Department.
This work is protected by United States copyright laws and is provided solely for the use of instructors in
teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from
it should never be made available to students except by instructors using the accompanying text in their classes.
All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical
purposes and the needs of other instructors who rely on these materials.
Pearson Addison-Wesley™ is a trademark of Pearson Education, Inc.
ISBN-13: 978-0-321-61334-9
ISBN-10: 0-321-61334-1
, International Economics, 8e (Husted/Melvin)
Chapter 1 An Introduction to International Trade
1.1 Multiple-Choice Questions
1) Countries of the world differ in terms of their
A) geographic size.
B) population size.
C) standards of living.
D) All of the above.
Answer: D
2) The difference between a country's Gross National Product (GNP) and its Gross Domestic
product (GDP) is that
A) GNP refers to production within the nation while GDP refers to production by domestic
factors no matter where they are located.
B) GNP is always bigger than GDP.
C) GDP refers to production within the nation while GNP refers to production by domestic
factors no matter where they are located.
D) Two of the above are true.
Answer: C
3) Per capita GNP is defined as a country's GNP divided by its
A) population.
B) labor force.
C) capitalists.
D) None of the above.
Answer: A
4) Which of the following statements is false?
A) Richer countries tend to be found in North America, Western Europe, and Japan.
B) Countries with large populations tend to be rich.
C) Growth of per capita GNP tends to be quite stable about 1.5-3 percent per year in
industrialized countries.
D) Over the past several decades, growth of per capita GNP tends to be higher on average in
industrialized countries than in low or middle-income countries.
Answer: B
5) The ratio of a country's exports to its total output (GNP or GDP)
A) is known as the index of openness.
B) provides a rough measure of the importance of international trade to that economy.
C) if calculated for the United States would be quite low.
D) All of the above.
Answer: D
1
Copyright © 2010 Pearson Education, Inc.
to accompany
International Economics
Eighth Edition
Eugenio Suarez
Trinity University
Copyright 2010, Pearson Addison Wesley. All Rights Reserved.
,Acquisitions Editor: Noel Kamm Seibert
Project Manager: Gavin Broady
Production Editor: Alison Eusden
Manufacturing Buyer: Carol Melville
Copyright © 2010, 2007, 2004, 2001 Pearson Education, Inc., 75 Arlington Street, Boston, MA 02116.
Pearson Addison-Wesley. All rights reserved. Printed in the United States of America. This publication is
protected by copyright and permission should be obtained from the publisher prior to any prohibited
reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical,
photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions
Department.
This work is protected by United States copyright laws and is provided solely for the use of instructors in
teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from
it should never be made available to students except by instructors using the accompanying text in their classes.
All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical
purposes and the needs of other instructors who rely on these materials.
Pearson Addison-Wesley™ is a trademark of Pearson Education, Inc.
ISBN-13: 978-0-321-61334-9
ISBN-10: 0-321-61334-1
, International Economics, 8e (Husted/Melvin)
Chapter 1 An Introduction to International Trade
1.1 Multiple-Choice Questions
1) Countries of the world differ in terms of their
A) geographic size.
B) population size.
C) standards of living.
D) All of the above.
Answer: D
2) The difference between a country's Gross National Product (GNP) and its Gross Domestic
product (GDP) is that
A) GNP refers to production within the nation while GDP refers to production by domestic
factors no matter where they are located.
B) GNP is always bigger than GDP.
C) GDP refers to production within the nation while GNP refers to production by domestic
factors no matter where they are located.
D) Two of the above are true.
Answer: C
3) Per capita GNP is defined as a country's GNP divided by its
A) population.
B) labor force.
C) capitalists.
D) None of the above.
Answer: A
4) Which of the following statements is false?
A) Richer countries tend to be found in North America, Western Europe, and Japan.
B) Countries with large populations tend to be rich.
C) Growth of per capita GNP tends to be quite stable about 1.5-3 percent per year in
industrialized countries.
D) Over the past several decades, growth of per capita GNP tends to be higher on average in
industrialized countries than in low or middle-income countries.
Answer: B
5) The ratio of a country's exports to its total output (GNP or GDP)
A) is known as the index of openness.
B) provides a rough measure of the importance of international trade to that economy.
C) if calculated for the United States would be quite low.
D) All of the above.
Answer: D
1
Copyright © 2010 Pearson Education, Inc.
