A.正确

B.错误

正确答案：错误

第五章单元测试

1、In a “first-best” worl

D.

A.

A. Free trade is not optimal.

B.b.； Free trade is economically efficient.

C.c.； Free trade benefits everyone.

D.d.； Free trade harms everyone.

正确答案：b.； Free trade is economically efficient.

2、Which of the following statements is true？I.If young firms are struggling to obtain funding from underdeveloped financial markets， the most efficient policy solution would be a production subsidy.II.If young firms are struggling to retain their trained workers， then government should offer a subsidy to offset the costs of training workers.III.Infant industry tariffs are less likely to be removed than infant industry subsidies.

A.

A. I only

B.b.； I and II

C.c.； II and III

D.d.； II only

正确答案：c.； II and III

3、Which of the following arguments for protection states that import-competing firms that are struggling to stay in business should be provided protection in order to maintain jobs and continue domestic production？

A.The developing government argument.

B.The infant industry argument

C.The dying industry argument.

D.The national defense argument.

正确答案：The infant industry argument

4、A free-trade area removes trade barriers between member countries， but allows the member countries to maintain their own trade barriers against trade with nonmember countries.。

A.正确

B.错误

正确答案：正确

5、In the absence of any other distortion， a tariff will create a distortion， but a government subsidy will not create a distortion.。

A.正确

B.错误

正确答案：错误

6、The most favored nation（MFN） principle states that any trade concession given to any foreign country must be given to all other countries having the same MFN status.。

A.正确

B.错误

正确答案：正确

7、Trade creation is the volume of trade that is redirected from low-cost exporters to higher-cost trade bloc member countries.。

A.正确

B.错误

正确答案：错误

8、The infant-industry argument for protection。

A.advocates the shielding of new industries from imports until they have grown strong and efficient enough to withstand the competition from foreign producers.

B.dvocates permanent tariff protection for new industries.

C.shows that tariffs provide the only effective means of supporting new industries.