国际经济学

1.

a. free trade

b. stimulating the nation's exports

c. restricting the nations' imports

d. the accumulation of gold by the nation

2. According to Adam Smith, international trade was based on:

a. absolute advantage

b. comparative advantage

c. both absolute and comparative advantage

d. neither absolute nor comparative advantage

3. What proportion of international trade is based on absolute advantage?

a. All

b. most

c. some

d. none

4. The commodity in which the nation has the smallest absolute disadvantage is the commodity

of its:

a. absolute disadvantage

b. absolute advantage

c. comparative disadvantage

d. comparative advantage

5. If in a two-nation (A and B), two-commodity (X and Y) world, it is established that nation

A has a comparative advantage in commodity X, then nation B must have:

a. an absolute advantage in commodity Y

b. an absolute disadvantage in commodity Y

c. a comparative disadvantage in commodity Y

d. a comparative advantage in commodity Y