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, Test Bank
International Economics
Robert C. Feenstra · Alan M. Taylor
5TH EDITION
ST
TABLE OF CONTENTS
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PART 1 — INTRODUCTION TO INTERNATIONAL TRADE
Ch. 01 Trade in the Global Economy
PART 2 — PATTERNS OF INTERNATIONAL TRADE
Ch. 02 Trade and Technology: The Ricardian Model
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Ch. 03 Gains and Losses from Trade in the Specific-Factors Model
Ch. 04 Trade and Resources: The Heckscher–Ohlin Model
Ch. 05 Movement of Labor and Capital Between Countries
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PART 3 — NEW EXPLANATIONS FOR INTERNATIONAL TRADE
Ch. 06 Increasing Returns to Scale and Monopolistic Competition
AP
Ch. 07 Offshoring of Goods and Services
PART 4 — INTERNATIONAL TRADE POLICIES
Ch. 08 Import Tariffs and Quotas Under Perfect Competition
Ch. 09 Import Tariffs and Quotas Under Imperfect Competition
PR
Ch. 10 Export Policies in Resource-Based and High-Technology Industries
Ch. 11 International Agreements on Trade and the Environment
PART 5 — INTRODUCTION TO INTERNATIONAL MACROECONOMICS
OV
Ch. 12 The Global Macroeconomy
PART 6 — EXCHANGE RATES
Ch. 13 Introduction to Exchange Rates and the Foreign Exchange Market
Ch. 14 Exchange Rates I: The Monetary Approach in the Long Run
ED
Ch. 15 Exchange Rates II: The Asset Approach in the Short Run
PART 7 — THE BALANCE OF PAYMENTS
National and International Accounts: Income, Wealth, and the Balance of
Ch. 16
??
Payments
Ch. 17 Balance of Payments I: The Gains from Financial Globalization
Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in
Ch. 18
the Short Run
, PART 8 — APPLICATIONS AND POLICY ISSUES
Ch. 19 Fixed Versus Floating: International Monetary Experience
Ch. 20 Exchange Rate Crises: How Pegs Work and How They Break
ST
Ch. 21 The Euro: Economics and Politics
Ch. 22 Topics in International Macroeconomics (Online Only)
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IA
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PR
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ED
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, Name Clas Dat
: s: e:
Chapter 01
1. Which of the following was NOT an impact of the coronavirus on medical resources in early to mid-2020?
a.The United States reduced its tariff on medical equipment imported from
ST
China.
b. All countries removed export quotas on medical equipment.
c. Many countries restricted their exports of medical equipment to keep those
goods for emergency use at home.
UV
d. Demand for medical equipment rose around the world.
ANSWER: b
2. One of the impacts of the novel coronavirus in 2020 was that trade in medical equipment improved in the
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world economy to meet the need for medical products in
a.A sia.
b.Europe.
c.N orth America.
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d. Asia, Europe, and North America, along with the developing countries with
dense populations.
ANSWER: d
AP
3. What is the term for a capital flow that is used to purchase or build a tangible asset like a factory?
a. m igration
b. service exports
PR
c. s ervice imports
d. foreign direct investment
ANSWER: d
OV
4. To maintain a steady domestic supply of medical equipment, some countries followed
a. e xport promotion policies.
b. export quota trade policy.
c.i mport tariff trade policy.
d. a reduction in trade-restrictive policies in general.
ED
ANSWER: b
5. What is the name given to a tax on imported goods?
a.i ncome tax
b. tariff
??
c.s ales tax
d. excise tax
ANSWER: b
ED
OV
PR
AP
?_
IA
UV
ST
, Test Bank
International Economics
Robert C. Feenstra · Alan M. Taylor
5TH EDITION
ST
TABLE OF CONTENTS
UV
PART 1 — INTRODUCTION TO INTERNATIONAL TRADE
Ch. 01 Trade in the Global Economy
PART 2 — PATTERNS OF INTERNATIONAL TRADE
Ch. 02 Trade and Technology: The Ricardian Model
IA
Ch. 03 Gains and Losses from Trade in the Specific-Factors Model
Ch. 04 Trade and Resources: The Heckscher–Ohlin Model
Ch. 05 Movement of Labor and Capital Between Countries
?_
PART 3 — NEW EXPLANATIONS FOR INTERNATIONAL TRADE
Ch. 06 Increasing Returns to Scale and Monopolistic Competition
AP
Ch. 07 Offshoring of Goods and Services
PART 4 — INTERNATIONAL TRADE POLICIES
Ch. 08 Import Tariffs and Quotas Under Perfect Competition
Ch. 09 Import Tariffs and Quotas Under Imperfect Competition
PR
Ch. 10 Export Policies in Resource-Based and High-Technology Industries
Ch. 11 International Agreements on Trade and the Environment
PART 5 — INTRODUCTION TO INTERNATIONAL MACROECONOMICS
OV
Ch. 12 The Global Macroeconomy
PART 6 — EXCHANGE RATES
Ch. 13 Introduction to Exchange Rates and the Foreign Exchange Market
Ch. 14 Exchange Rates I: The Monetary Approach in the Long Run
ED
Ch. 15 Exchange Rates II: The Asset Approach in the Short Run
PART 7 — THE BALANCE OF PAYMENTS
National and International Accounts: Income, Wealth, and the Balance of
Ch. 16
??
Payments
Ch. 17 Balance of Payments I: The Gains from Financial Globalization
Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in
Ch. 18
the Short Run
, PART 8 — APPLICATIONS AND POLICY ISSUES
Ch. 19 Fixed Versus Floating: International Monetary Experience
Ch. 20 Exchange Rate Crises: How Pegs Work and How They Break
ST
Ch. 21 The Euro: Economics and Politics
Ch. 22 Topics in International Macroeconomics (Online Only)
UV
IA
?_
AP
PR
OV
ED
??
, Name Clas Dat
: s: e:
Chapter 01
1. Which of the following was NOT an impact of the coronavirus on medical resources in early to mid-2020?
a.The United States reduced its tariff on medical equipment imported from
ST
China.
b. All countries removed export quotas on medical equipment.
c. Many countries restricted their exports of medical equipment to keep those
goods for emergency use at home.
UV
d. Demand for medical equipment rose around the world.
ANSWER: b
2. One of the impacts of the novel coronavirus in 2020 was that trade in medical equipment improved in the
IA
world economy to meet the need for medical products in
a.A sia.
b.Europe.
c.N orth America.
?_
d. Asia, Europe, and North America, along with the developing countries with
dense populations.
ANSWER: d
AP
3. What is the term for a capital flow that is used to purchase or build a tangible asset like a factory?
a. m igration
b. service exports
PR
c. s ervice imports
d. foreign direct investment
ANSWER: d
OV
4. To maintain a steady domestic supply of medical equipment, some countries followed
a. e xport promotion policies.
b. export quota trade policy.
c.i mport tariff trade policy.
d. a reduction in trade-restrictive policies in general.
ED
ANSWER: b
5. What is the name given to a tax on imported goods?
a.i ncome tax
b. tariff
??
c.s ales tax
d. excise tax
ANSWER: b
