[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 5: Environmental harm declines with rising income per person when
A) the consumption of environment-friendly goods decline with an increase in income.
B) with rise in income the increase in demand for better environment quality is larger than any adverse effects from rising production scale.
C) the government imposes restrictions on the import of environment-friendly technologies from abroad.
D) the adverse effect of any increase in nominal Gross Domestic Product (GDP) dominates any modest improvements from better production techniques.

[Assistant] 正确答案是 B。 对应选项内容：with rise in income the increase in demand for better environment quality is larger than any adverse effects from rising production scale.。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 6: Which of the following would you expect to lead to improved environmental quality?
A) An export or production subsidy from the French government to French wheat producers
B) A voluntary export restraint on the part of Japanese auto producers
C) An export subsidy for producers of clean technology for producing paper
D) Freer trade that promotes production of manufactured goods in developing countries where environmental laws are lax

[Assistant] 正确答案是 C。 对应选项内容：An export subsidy for producers of clean technology for producing paper。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 7: Which of the following would you expect to lead to worsening environmental quality?
A) An export or production subsidy from the Chinese government to Chinese steel manufacturers
B) Freer trade in capital equipment that incorporates environmentally friendly technologies
C) An export subsidy for producers of clean technology for producing paper
D) Freer trade that promotes production of manufactured goods in developing countries where environmental laws are strict

[Assistant] 正确答案是 A。 对应选项内容：An export or production subsidy from the Chinese government to Chinese steel manufacturers。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 8: Which of the following statements is true?
A) Evidence shows that measures to keep the environment clean represent a large percentage of the total costs of production for a firm in a country with strict environmental laws.
B) There are large incentives for firms to relocate from countries with strict environmental laws to countries with lax environmental regulation.
C) Firms are unlikely to relocate their high-pollution production to countries with lax environmental laws because they fear that such moves will result in adverse effects on their reputations.
D) Imposition of a tax on the production of a particular high-pollution product typically has a greater impact on consumer surplus than on producer surplus.

[Assistant] 正确答案是 C。 对应选项内容：Firms are unlikely to relocate their high-pollution production to countries with lax environmental laws because they fear that such moves will result in adverse effects on their reputations.。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 9: For which of the following types of environmental pollution can we expect that the level of environmental harm would increase as per capita income increases?
A) Carbon dioxide emissions
B) Lead pollution in water
C) Carbon monoxide
D) Arsenic in water

[Assistant] 正确答案是 A。 对应选项内容：Carbon dioxide emissions。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 10: For which of the following environmental pollutions would we expect that an inverted-U relationship would exist between environmental harm and per capita income?
A) Carbon dioxide emissions
B) Lead pollution in water
C) Sulfur dioxide in air
D) Airborne heavy particles

[Assistant] 正确答案是 C。 对应选项内容：Sulfur dioxide in air。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 11: The relationship between environmental harm and national income per person for arsenic water pollution exhibits a(n)
A) downward sloping curve.
B) upward sloping curve.
C) U-shape curve.
D) inverted U-shaped curve.

[Assistant] 正确答案是 D。 对应选项内容：inverted U-shaped curve.。 Topic: Is Free Trade Anti-Environment?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 13: Trade and the Environment
Question 12: As the world moves toward freer trade, the composition of production shifts so that more environmentally "dirty" products are produced in ________ and more environmentally "clean" products are produced in
A) industrialized countries; developing countries.
B) developing countries; industrialized countries.
C) both industrialized and developing countries; only industrialized countries.
D) developing countries; neither industrialized nor developing countries.

[Assistant] 正确答案是 A。 对应选项内容：industrialized countries; developing countries.。 Topic: Is the WTO Anti-Environment?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade and the Environment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 1: While developing countries have about ________ of the world's population, they produce less than ________ of the world's output.
A) 5/6; 1/4
B) 7/8; 1/8
C) 2/3; 1/3
D) 6/7; 1/2

[Assistant] 正确答案是 D。 对应选项内容：6/7; 1/2。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 2: Identify the correct statement.
A) In many of the industrialized countries, the income per person declined between 1990 and 2016.
B) Most of the developing countries have been growing at the same rate since 1990.
C) The average product per person has grown faster in the developing countries than in the industrialized countries since 1990.
D) The developing countries are expected to catch up with the average per capita income in the industrialized countries in the near future.

[Assistant] 正确答案是 C。 对应选项内容：The average product per person has grown faster in the developing countries than in the industrialized countries since 1990.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 3: Which of the following is true of developing countries?
A) More than 40 percent of the exports by developing countries go to the industrialized countries.
B) Exports of goods and services on average are about only 10 percent of gross domestic product in developing countries.
C) Exports from the developing countries comprise about three-quarters of industrial-country imports.
D) Developing countries are the source of about 60 percent of all world exports.

[Assistant] 正确答案是 A。 对应选项内容：More than 40 percent of the exports by developing countries go to the industrialized countries.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 4: Which of the following has been observed in the developing countries during 1990-2016?
A) The dispersion in the growth rates of the developing countries has been negligible during 1990-2016.
B) The East Asian countries like South Korea, Singapore, and Taiwan reported negative growth rates.
C) Countries like China and Vietnam reported positive but low growth rates.
D) Several of the countries in Eastern Europe and Central Asia that were making a transition from a centrally planned economy to a market-based economy reported a decline in the per capita income.

[Assistant] 正确答案是 D。 对应选项内容：Several of the countries in Eastern Europe and Central Asia that were making a transition from a centrally planned economy to a market-based economy reported a decline in the per capita income.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 5: In comparing growth rates of per capita gross domestic product (GDP) in developing countries over the period of 1990-2016, the highest growth rates were reported in the ________ countries while the lowest growth rates have been reported in the ________ countries.
A) European and Central Asian; Latin America and the Caribbean
B) East Asian and the Pacific; Sub-Saharan African
C) Latin America and the Caribbean; East Asian and the Pacific
D) East Asian and the Pacific; South Asian

[Assistant] 正确答案是 A。 对应选项内容：European and Central Asian; Latin America and the Caribbean。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 6: Developing countries tend to have comparative advantages in
A) only capital-intensive goods.
B) only skilled-labor-intensive goods.
C) land-intensive and unskilled-labor-intensive goods.
D) both skilled-labor and capital-intensive goods.

[Assistant] 正确答案是 C。 对应选项内容：land-intensive and unskilled-labor-intensive goods.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 7: According to comparative advantage theory, the developing countries are expected to export
A) high-tech manufactured goods.
B) sophisticated capital equipment.
C) primary products.
D) specialized software services.

[Assistant] 正确答案是 C。 对应选项内容：primary products.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 8: Countries having comparative advantages based on land and in various natural resources are most likely to
A) export manufactured goods.
B) experience biased growth.
C) experience rapid accumulation of capital.
D) export products like gold, coffee, or cocoa.

[Assistant] 正确答案是 D。 对应选项内容：export products like gold, coffee, or cocoa.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 9: Suppose Country A is a major exporter of limestone in the world market. Which of the following policies can be taken by the government of Country A to enhance the gains from exporting limestone by raising its world price?
A) Taxing limestone exports
B) Subsidizing export of limestone
C) Subsidizing the extraction of limestone
D) Setting a price ceiling on the limestone sold in the domestic market

[Assistant] 正确答案是 A。 对应选项内容：Taxing limestone exports。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 2 Medium。 Bloom's: Understand。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 10: An example of policies designed to encourage new local industries serving the domestic market would be
A) taxing exports of manufactured goods.
B) subsidizing imports to the domestic market.
C) imposing import tariffs or otherwise restricting imports.
D) removing all trade restrictions and price supports.

[Assistant] 正确答案是 C。 对应选项内容：imposing import tariffs or otherwise restricting imports.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 11: An example of policies designed to encourage the development of new industries whose products can be readily exported would be
A) taxing exports of skilled-labor-intensive goods.
B) subsidizing imports to the domestic market.
C) providing subsidies to domestic industries that exploit the country's comparative advantage.
D) imposing tariffs on imports of skilled-labor-intensive goods.

[Assistant] 正确答案是 C。 对应选项内容：providing subsidies to domestic industries that exploit the country's comparative advantage.。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 14: Trade Policies for Developing Countries
Question 12: Which of the following was a main economic policy goal of the Soviet Union?
A) Export promotion
B) National self-sufficiency
C) Privatization
D) Deindustrialization

[Assistant] 正确答案是 B。 对应选项内容：National self-sufficiency。 Topic: Which Trade Policy for Developing Countries?。 Difficulty: 1 Easy。 Bloom's: Remember。

Trade Policies for Developing Countries


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 1: Which of the following is an example of foreign direct investment?
A) Ford motor company puts $10 million from its pension fund into a mutual fund containing shares of foreign companies.
B) Dr. Gareau, a French biologist, buys $5,000 worth of shares of Toyota.
C) Wells Fargo Bank buys $10 million worth of Bank of England T-Bills.
D) Ford buys a controlling interest in Peugeot Citroën, a French automobile company.

[Assistant] 正确答案是 D。 对应选项内容：Ford buys a controlling interest in Peugeot Citroën, a French automobile company.。 Topic: Foreign Direct Investment。 Difficulty: 2 Medium。 Bloom's: Understand。

Multinationals and Migration: International Factor Movements


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 2: Foreign direct investment (FDI) refers to
A) the flow of funding provided by an investor or lender to establish or acquire a foreign company or to expand or finance an existing foreign company that the investor owns and controls.
B) the hot money that an investor needs to get registered in a foreign stock exchange to make investments and have the liberty to sell stocks purchased earlier.
C) a method of funding business adopted by a foreign investor by participating directly in the secondary markets of a country, through investments in the country's stocks or bonds.
D) the passive holding of securities such as foreign stocks, bonds, or other financial assets, none of which entails active management or control of the securities issued by the investor.

[Assistant] 正确答案是 A。 对应选项内容：the flow of funding provided by an investor or lender to establish or acquire a foreign company or to expand or finance an existing foreign company that the investor owns and controls.。 Topic: Foreign Direct Investment。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 3: A firm that owns and controls operations in more than one country is a(n)
A) franchise.
B) MNE.
C) monopolist.
D) cross-border business alliance.

[Assistant] 正确答案是 B。 对应选项内容：MNE.。 Topic: Multinational Enterprises。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 4: Which of the following is true for a multinational enterprise (MNE)?
A) Its affiliates usually get nearly all of their financing from the direct investment flows.
B) It usually transfers its liabilities to its foreign subsidiaries.
C) Its home-country tax burden is mostly borne by its foreign affiliates.
D) It usually provides intangible assets to its affiliates for their usage.

[Assistant] 正确答案是 D。 对应选项内容：It usually provides intangible assets to its affiliates for their usage.。 Topic: Multinational Enterprises。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 5: Financing from the parent company to its foreign affiliates is generally a small percentage of total funding because
A) the returns on such investment are taxed at very high rates.
B) the parent firm wants to reduce the risks to which its foreign activities are exposed.
C) most foreign governments have imposed quotas of foreign investment in their domestic economy.
D) most major home-country governments limit investment in foreign firms by their domestic firms.

[Assistant] 正确答案是 B。 对应选项内容：the parent firm wants to reduce the risks to which its foreign activities are exposed.。 Topic: Multinational Enterprises。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 6: Which of the following ways can a multinational enterprise (MNE) adopt to reduce its exposure to political risks in its host country?
A) By threatening to cease all exports of its products to the host country
B) By establishing more than one affiliate in the host country
C) By equating its physical assets in the host country with its local borrowings
D) By negotiating with the host country's government to clear off its debts

[Assistant] 正确答案是 C。 对应选项内容：By equating its physical assets in the host country with its local borrowings。 Topic: Multinational Enterprises。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 7: At the end of 2016, most of the United States' foreign direct investment was in
A) the other North American Free Trade Agreement (NAFTA) countries.
B) the developing countries in Asia.
C) the European Union countries.
D) the Latin American countries.

[Assistant] 正确答案是 C。 对应选项内容：the European Union countries.。 Topic: FDI: History and Current Patterns。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 8: Most foreign direct investment is in
A) the agricultural sector.
B) the manufacturing sector.
C) the mining and extraction sector.
D) the service sector.

[Assistant] 正确答案是 D。 对应选项内容：the service sector.。 Topic: FDI: History and Current Patterns。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 9: Which of the following statements is true concerning the global flow of foreign direct investment (FDI) since 1990?
A) The proportion of global FDI that flowed into developing countries increased.
B) Mexico has received more FDI inflows than has the United States.
C) The proportion of global FDI that flowed into the United States increased.
D) FDI flows into and within the European Union fell.

[Assistant] 正确答案是 A。 对应选项内容：The proportion of global FDI that flowed into developing countries increased.。 Topic: FDI: History and Current Patterns。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 10: Which of the following provides a good explanation of why multinational firms exist?
A) Location factors that favor exporting over foreign production
B) The need to shift financial capital between countries
C) Internalization advantages that favor direct investment over contracting with independent foreign firms
D) Firms lack inherent knowledge of foreign laws, procedures, and practices.

[Assistant] 正确答案是 C。 对应选项内容：Internalization advantages that favor direct investment over contracting with independent foreign firms。 Topic: Why Do Multinational Enterprises Exist?。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 11: Which of the following is an inherent disadvantage to being a multinational enterprise (MNE)?
A) An MNE does not initially have the native understanding of local laws, customs, procedures, practices, and relationships.
B) An MNE does not have the same assets as those held by its local competitors in the host market.
C) An MNE does not enjoy comparative advantages in the same goods as those of its local competitors in the host market.
D) An MNE's profits are doubly taxed by two governments.

[Assistant] 正确答案是 A。 对应选项内容：An MNE does not initially have the native understanding of local laws, customs, procedures, practices, and relationships.。 Topic: Why Do Multinational Enterprises Exist?。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 15: Multinationals and Migration: International Factor Movements
Question 12: How can an MNE overcome its inherent disadvantages?
A) By borrowing funds from the host country rather than transferring funds from the parent firm
B) By producing more than two products in which it has comparative advantage
C) By expanding its operation in more than two host countries
D) By owning one or more assets that are not owned by its local competitors in the host country

[Assistant] 正确答案是 D。 对应选项内容：By owning one or more assets that are not owned by its local competitors in the host country。 Topic: Why Do Multinational Enterprises Exist?。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 1: A country's balance of payments records
A) the prices that a country pays for its imports and the prices that the country receives for its imports.
B) the flows of value between that country's residents and residents of the rest of the world during a period of time.
C) capital gains and losses on a country's international assets.
D) the value of a country's holdings of foreign assets, minus the value of foreign holdings of the country's assets.

[Assistant] 正确答案是 B。 对应选项内容：the flows of value between that country's residents and residents of the rest of the world during a period of time.。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 2: A credit item in the balance of payments is
A) an item for which the country must be paid.
B) any loan given out by the country.
C) any imported item.
D) an item that creates a monetary claim owed to a foreigner.

[Assistant] 正确答案是 A。 对应选项内容：an item for which the country must be paid.。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 3: A debit item in the balance of payments is
A) any foreign aid received by the country.
B) an item for which the country must pay.
C) any exported item.
D) an item that creates a monetary claim on a foreigner.

[Assistant] 正确答案是 B。 对应选项内容：an item for which the country must pay.。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 4: In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
A) Changes in foreign currency reserves
B) Imports of goods and services
C) Military foreign aid supplied to allied nations
D) Purchases by foreign travelers visiting the country

[Assistant] 正确答案是 D。 对应选项内容：Purchases by foreign travelers visiting the country。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 5: Every international exchange of value is entered into the balance-of-payments accounts ________ time(s).
A) one
B) two
C) three
D) four

[Assistant] 正确答案是 B。 对应选项内容：two。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 6: The sum of all of debit items in the balance of payments
A) equals the overall balance.
B) equals the sum of all credit items.
C) equals "compensating" transactions.
D) equals the errors and omissions.

[Assistant] 正确答案是 B。 对应选项内容：equals the sum of all credit items.。 Topic: A Country's Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 7: Which of the following financial transaction items is entered as a debit in the U.S. balance of payments?
A) A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.
B) A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.
C) A U.S. resident sells his IBM stock to a French resident.
D) A U.S. resident sells his Credit Suisse stock to a French resident.

[Assistant] 正确答案是 B。 对应选项内容：A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.。 Topic: A Country's Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 8: An increase in a nation's financial liabilities to foreign residents is a
A) reserve inflow.
B) reserve outflow.
C) capital imports.
D) capital outflow.

[Assistant] 正确答案是 C。 对应选项内容：capital imports.。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 9: ________ are money-like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them.
A) Official international reserve assets
B) Unofficial international assets
C) Official domestic assets
D) Unofficial reserve assets

[Assistant] 正确答案是 A。 对应选项内容：Official international reserve assets。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 10: Which of the following is considered a capital inflow?
A) A sale of U.S. financial assets to a foreign buyer
B) A loan from a U.S. bank to a foreign borrower
C) A purchase of foreign financial assets by a U.S. buyer
D) A U.S. citizen's repayment of a loan from a foreign bank

[Assistant] 正确答案是 A。 对应选项内容：A sale of U.S. financial assets to a foreign buyer。 Topic: A Country's Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 11: In a country's balance of payments, which of the following items will be recorded as a debit entry?
A) Domestic bank balances owned by foreigners are reduced
B) Foreign bank balances owned by domestic residents are reduced
C) Assets owned by domestic residents are sold to nonresidents
D) Securities are sold by domestic residents to nonresidents

[Assistant] 正确答案是 A。 对应选项内容：Domestic bank balances owned by foreigners are reduced。 Topic: A Country's Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 16: Payments among Nations
Question 12: The role of international ________ is to direct one nation's savings into another nation's investments.
A) merchandise trade flows
B) services flows
C) unilateral transfers
D) capital flows

[Assistant] 正确答案是 D。 对应选项内容：capital flows。 Topic: A Country's Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。

Payments among Nations


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 1: Which of the following refers to foreign exchange?
A) The act of trading different nations' moneys
B) The holdings of foreign assets
C) The act of exchanging goods and services internationally
D) The adoption of foreign trade policies

[Assistant] 正确答案是 A。 对应选项内容：The act of trading different nations' moneys。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 2: If the price of British pounds in terms of U.S. dollars is $1.80 per pound, then the price of U.S. dollars in terms of British pounds is
A) £1.80 per dollar.
B) £0.556 per dollar.
C) £0.90 per dollar.
D) £3.60 per dollar.

[Assistant] 正确答案是 B。 对应选项内容：£0.556 per dollar.。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 3: The exchange rate set for an immediate trade is often referred to as a
A) managed exchange rate.
B) pegged exchange rate.
C) forward exchange rate.
D) spot exchange rate.

[Assistant] 正确答案是 D。 对应选项内容：spot exchange rate.。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 4: The exchange rate that is set now for a currency trade that will take place sometime more than a few days in the future is often referred to as a
A) spot exchange rate.
B) forward exchange rate.
C) pegged exchange rate.
D) managed exchange rate.

[Assistant] 正确答案是 B。 对应选项内容：forward exchange rate.。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 5: The retail part of the foreign exchange market does not include traders at banks trading with
A) national governments.
B) stock brokers who trade in the assets of the firms in different nations.
C) traders at other banks.
D) nonfinancial companies that sometimes want to buy and sell different currencies.

[Assistant] 正确答案是 C。 对应选项内容：traders at other banks.。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 6: Which of the following is true of foreign exchange markets?
A) The foreign exchange market is a single gathering place where traders shout buy-and-sell orders at each other.
B) Individuals' exchanges of currencies comprise the largest portion of overall foreign exchange trading.
C) The laws of demand and supply are not applicable in a foreign exchange market.
D) Most foreign exchange trading involves the exchange of U.S. dollars for other currencies.

[Assistant] 正确答案是 D。 对应选项内容：Most foreign exchange trading involves the exchange of U.S. dollars for other currencies.。 Topic: The Basics of Currency Trading。 Difficulty: 2 Medium。 Bloom's: Understand。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 7: The U.S. dollar is called a ________ because it is often used as an intermediary to accomplish trading between two other currencies.
A) vehicle currency
B) main currency
C) common currency
D) primary currency

[Assistant] 正确答案是 A。 对应选项内容：vehicle currency。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 8: Suppose the dollar per pound exchange rate is $2 per pound while the dollar per Swiss franc exchange rate is 50 cents per franc. From the given information we can conclude that the Swiss franc per pound exchange rate is
A) 1 franc per pound.
B) too low.
C) too high.
D) 4 francs per pound.

[Assistant] 正确答案是 D。 对应选项内容：4 francs per pound.。 Topic: The Basics of Currency Trading。 Difficulty: 2 Medium。 Bloom's: Understand。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 9: Which of the following is NOT a function of the interbank part of the foreign exchange market?
A) Provides a bank with a continuous stream of information on conditions in the foreign exchange market
B) Provides a bank the means to readjust its own position quickly and at low cost when it separately conducts a large trade with a customer
C) Permits a bank to take on a position in a foreign currency quickly if the bank and its traders want to speculate on exchange-rate movements in the near future
D) Provides clearing services for organizations that prefer to use different currencies

[Assistant] 正确答案是 D。 对应选项内容：Provides clearing services for organizations that prefer to use different currencies。 Topic: The Basics of Currency Trading。 Difficulty: 2 Medium。 Bloom's: Understand。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 10: The 2004-2013 rapid growth in global foreign exchange trading can be explained by
A) large increases in trading by hedge funds, pension funds, and other financial institutions.
B) increases in the volume of global trade in the recent years.
C) volatility in U.S. long-term government bond yields.
D) an increase in the number of nations adopting the floating exchange rate system.

[Assistant] 正确答案是 A。 对应选项内容：large increases in trading by hedge funds, pension funds, and other financial institutions.。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 11: Interbank trading is conducted directly between ________ or through the use of ________ that provide anonymity until the trade is complete.
A) traders; brokers
B) brokers; traders
C) individual consumers; the government
D) individual consumers; brokers

[Assistant] 正确答案是 A。 对应选项内容：traders; brokers。 Topic: The Basics of Currency Trading。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 17: The Foreign Exchange Market
Question 12: A country's demand for foreign currency is derived from
A) international transactions entering the debit side of its balance-of-payments accounts.
B) international transactions entering the credit column of its balance-of-payments accounts.
C) the government's attempt to revalue domestic currency.
D) an increase in foreign capital inflows into the domestic country.

[Assistant] 正确答案是 A。 对应选项内容：international transactions entering the debit side of its balance-of-payments accounts.。 Topic: Demand and Supply for Foreign Exchange。 Difficulty: 1 Easy。 Bloom's: Remember。

The Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 1: Company X is a perfume manufacturer and one of its popular products involves rosewood. It is deeply concerned with the market price fluctuations of rosewood. To protect this, it enters into a contract which would allow the company to buy rosewood at a specific price at a given future date. This is an example of
A) hedging.
B) speculation.
C) investment.
D) profit maximization.

[Assistant] 正确答案是 A。 对应选项内容：hedging.。 Topic: Exchange Rate Risk。 Difficulty: 2 Medium。 Bloom's: Understand。

Forward Exchange and International Financial Investment


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 2: The act of taking a net asset position or a net liability position in some asset class is referred to as
A) hedging.
B) speculating.
C) investing.
D) buying.

[Assistant] 正确答案是 B。 对应选项内容：speculating.。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 3: Which of the following is true for forward foreign exchange contracts?
A) Common dates for future exchange are 50, 100, and 150 days forward.
B) The actual currency exchange occurs after one week from the stated time period.
C) They are used mostly to offset net asset positions held in the foreign currencies.
D) They can be used for both speculation and hedging.

[Assistant] 正确答案是 D。 对应选项内容：They can be used for both speculation and hedging.。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 4: ________ means committing oneself to an uncertain future value of one's net worth in terms of home currency.
A) Selling
B) Hedging
C) Speculating
D) Importing

[Assistant] 正确答案是 C。 对应选项内容：Speculating。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 5: Assume you are a Chinese exporter and expect to receive $250,000 at the end of 60 days. You can remove the risk of loss due to a devaluation of the dollar by
A) selling dollars in the 60-day forward exchange market.
B) buying dollars now and selling these dollars at the end of 60 days.
C) selling the yuan equivalent in the forward exchange market for 60-day delivery.
D) keeping the dollars in the United States after they are delivered to you.

[Assistant] 正确答案是 A。 对应选项内容：selling dollars in the 60-day forward exchange market.。 Topic: Exchange Rate Risk。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 6: Assume you are an American importer who must pay 500,000 Euros at the end of 90 days when you receive 1,000 cases of French wine at your warehouse in New York. Suppose that you have not covered this transaction in the forward market. In which of the following cases will you suffer the largest loss?
A) The euro spot exchange rate value vis-à-vis the dollar does not change
B) The euro (spot) initially appreciates by 2 percent, and then depreciates by 1 percent
C) The euro (spot) initially depreciates by 3 percent, and then appreciates by 2 percent
D) The euro (spot) initially appreciates by 3 percent, and then depreciates by 2.9 percent

[Assistant] 正确答案是 B。 对应选项内容：The euro (spot) initially appreciates by 2 percent, and then depreciates by 1 percent。 Topic: Exchange Rate Risk。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 7: Assume you are an American importer who must pay 500,000 euros at the end of 60 days when you receive 1,000 cases of French wine at your warehouse in New York. If you do not hedge this transaction, you face exchange-rate risk. The best way to remove the risk of loss due to currency fluctuations is to
A) buy 500,000 euros in the forward exchange market for delivery in 60 days.
B) invest the dollar equivalent of 500,000 euros in a dollar-denominated deposit at a French bank.
C) sell 500,000 euros in the forward exchange market for delivery after 60 days.
D) sell 500,000 euros now in the spot market.

[Assistant] 正确答案是 A。 对应选项内容：buy 500,000 euros in the forward exchange market for delivery in 60 days.。 Topic: Exchange Rate Risk。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 8: An import-export business that finds itself in a "short" foreign-currency position risks a financial loss if
A) it pays attention to exchange-rate forecasts.
B) foreign demand for its product rises (more than expected).
C) the domestic currency depreciates (more than expected).
D) the foreign currency depreciates (more than expected).

[Assistant] 正确答案是 C。 对应选项内容：the domestic currency depreciates (more than expected).。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 9: In a ________ contract you can effectively lock in the price at which you buy or sell a foreign currency at a set date in the future.
A) securities spot
B) covered arbitrage
C) currency futures
D) spot foreign exchange

[Assistant] 正确答案是 C。 对应选项内容：currency futures。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 10: A ________ gives the holder the right (but not the obligation) to sell a foreign currency at some time in the future at a price set today.
A) forward exchange contract
B) currency swap
C) put option
D) call option

[Assistant] 正确答案是 C。 对应选项内容：put option。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 11: Which of the following financial instruments provides a buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a few years?
A) Letter of credit
B) Currency option
C) Currency swap
D) Forward contract

[Assistant] 正确答案是 B。 对应选项内容：Currency option。 Topic: Exchange Rate Risk。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 18: Forward Exchange and International Financial Investment
Question 12: An investment exposed to exchange-rate risk is a(n) ________ international investment.
A) covered
B) uncovered
C) hedged
D) arbitrage

[Assistant] 正确答案是 B。 对应选项内容：uncovered。 Topic: International Financial Investment。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 1: The ________ approach to exchange rates emphasizes the role of portfolio repositioning by international financial investors.
A) elasticity
B) asset market
C) monetary
D) balance-of-payments

[Assistant] 正确答案是 B。 对应选项内容：asset market。 Topic: A Road Map。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 2: The asset market approach to exchange rate determination seeks to predict
A) the forward exchange rate premiums.
B) the long-run trends in exchange rates.
C) the possibility of retaining a pegged exchange rate by the government.
D) the short-term pressures on exchange rates.

[Assistant] 正确答案是 D。 对应选项内容：the short-term pressures on exchange rates.。 Topic: A Road Map。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 3: The exchange rate value of a foreign currency is ________ in the short run by a rise in its expected future spot exchange rate value.
A) raised
B) lowered
C) made volatile
D) not affected

[Assistant] 正确答案是 A。 对应选项内容：raised。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 4: A decrease in the foreign interest rate relative to the domestic interest rate ________ the exchange rate value of a foreign currency in the short run.
A) raises
B) lowers
C) does not affect
D) causes fluctuations in

[Assistant] 正确答案是 B。 对应选项内容：lowers。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 5: Other things equal, a broad shift to expecting depreciation of the euro will lead to
A) an inflow of capital to Europe.
B) an increase in official exchange market intervention by the euro area monetary authorities.
C) a lowering of exports of European goods and services.
D) a decrease in the demand for euro-denominated financial assets.

[Assistant] 正确答案是 D。 对应选项内容：a decrease in the demand for euro-denominated financial assets.。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 6: If the domestic interest rate decreases, with the foreign interest rate and the expected future spot rate remaining unchanged, the value of the domestic currency vis-à-vis the foreign currency is expected to
A) increase.
B) decrease.
C) remain unchanged.
D) converge to its purchasing power parity (PPP) value.

[Assistant] 正确答案是 B。 对应选项内容：decrease.。 Topic: Exchange Rates in the Short Run。 Difficulty: 2 Medium。 Bloom's: Understand。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 7: If the expected future spot exchange rate value of the foreign currency decreases, with the interest rate differential unchanged, the current spot exchange-rate value of the domestic currency
A) increases.
B) decreases.
C) remains unchanged.
D) overshoots.

[Assistant] 正确答案是 A。 对应选项内容：increases.。 Topic: Exchange Rates in the Short Run。 Difficulty: 2 Medium。 Bloom's: Understand。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 8: Which of the following statements is true?
A) If the domestic interest rate rises, there will be international financial repositioning toward domestic-currency assets, thereby causing the domestic currency to appreciate.
B) If the expected future spot exchange rate value of the foreign currency decreases, there will be international financial repositioning toward foreign-currency assets, thereby causing the domestic currency to depreciate.
C) If foreign interest rates increase, the domestic interest rate remaining unchanged, there will be international financial repositioning toward domestic-currency assets and the domestic currency will appreciate.
D) If the expected future spot dollar per euro exchange rate increases, there will be international financial repositioning toward the dollar-denominated assets thereby causing the euro to depreciate.

[Assistant] 正确答案是 A。 对应选项内容：If the domestic interest rate rises, there will be international financial repositioning toward domestic-currency assets, thereby causing the domestic currency to appreciate.。 Topic: Exchange Rates in the Short Run。 Difficulty: 2 Medium。 Bloom's: Understand。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 9: Everything else remaining unchanged, an increase in interest rates in the United States is most likely to result in
A) depreciation of the dollar.
B) outflows of capital from the United States.
C) capital inflows into the United States.
D) a decrease in the demand for dollar-denominated financial assets.

[Assistant] 正确答案是 C。 对应选项内容：capital inflows into the United States.。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 10: Which of the following is NOT linked together by uncovered interest parity?
A) The domestic interest rate
B) The foreign interest rate
C) The current spot exchange rate
D) The current forward exchange rate

[Assistant] 正确答案是 D。 对应选项内容：The current forward exchange rate。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 11: If investors begin to expect a decrease in the value of the Thai baht vis-à-vis other currencies, their actions will cause
A) a decrease in Thai interest rates.
B) the actual depreciation to occur much faster.
C) the Thai baht to appreciate immediately.
D) a large inflow of foreign capital into Thailand.

[Assistant] 正确答案是 B。 对应选项内容：the actual depreciation to occur much faster.。 Topic: Exchange Rates in the Short Run。 Difficulty: 2 Medium。 Bloom's: Understand。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 19: What Determines Exchange Rates?
Question 12: The ________ effect suggests that speculations can sometimes be destabilizing as the actions of international investors move the exchange rate away from the long-run equilibrium value consistent with fundamental economic influences.
A) bandwagon
B) overshooting
C) exchange rate
D) arbitrage

[Assistant] 正确答案是 A。 对应选项内容：bandwagon。 Topic: Exchange Rates in the Short Run。 Difficulty: 1 Easy。 Bloom's: Remember。

What Determines Exchange Rates?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 1: ________ are in place when a country's government places restrictions on the conversion of the domestic currency into foreign currency or vice versa.
A) Exchange controls
B) Capital controls
C) Official interventions
D) Adjustable pegs

[Assistant] 正确答案是 A。 对应选项内容：Exchange controls。 Topic: Two Aspects: Rate Flexibility and Restrictions on Use。 Difficulty: 1 Easy。 Bloom's: Remember。

Government Policies toward the Foreign Exchange Market


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 2: Which of the following are in place when government imposes limits on or requires approvals for payments related to some (or all) international financial investment activities?
A) Exchange controls
B) Capital controls
C) Official interventions
D) Adjustable pegs

[Assistant] 正确答案是 B。 对应选项内容：Capital controls。 Topic: Two Aspects: Rate Flexibility and Restrictions on Use。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 3: With a(n) ________, the government allows the market to determine the exchange rate of a currency.
A) adjustable peg
B) dirty float
C) crawling peg
D) clean float

[Assistant] 正确答案是 D。 对应选项内容：clean float。 Topic: Floating Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 4: Under which of the following policies does the government enter the foreign exchange market and buy or sell foreign currency to influence the exchange rate of the domestic currency?
A) Exchange controls
B) Capital controls
C) Official intervention
D) Devaluation or revaluation

[Assistant] 正确答案是 C。 对应选项内容：Official intervention。 Topic: Floating Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 5: Which of the following terms describes an exchange rate regime in which the government intervenes in the foreign exchange market to influence the market-determined exchange rate?
A) Fully convertible
B) Currency control
C) Managed float
D) Clean float

[Assistant] 正确答案是 C。 对应选项内容：Managed float。 Topic: Floating Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 6: Which of the following statements is true?
A) The special drawing right (SDR) is a basket of currencies made up of U.S. dollars, euros, and Japanese yen.
B) Today, South Africa is a country that has a currency fixed to gold.
C) Currencies whose prices are fixed to the same commodity would have currency exchange rates that are also fixed.
D) A country maintains a cleanly floating exchange rate value to neutralize the international value of its currency.

[Assistant] 正确答案是 C。 对应选项内容：Currencies whose prices are fixed to the same commodity would have currency exchange rates that are also fixed.。 Topic: Fixed Exchange Rate。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 7: Which of the following terms is used to describe an exchange rate regime in which the rate is fixed to a currency or basket of currencies?
A) Exchange controls
B) Pegged exchange rate
C) Managed float
D) Fully convertible

[Assistant] 正确答案是 B。 对应选项内容：Pegged exchange rate。 Topic: Fixed Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 8: An exchange rate regime in which the government may change the fixed rate in the face of a significant disequilibrium in the country's international position is called a(n)
A) crawling pegged exchange rate.
B) currency board.
C) adjustable peg.
D) managed float.

[Assistant] 正确答案是 C。 对应选项内容：adjustable peg.。 Topic: Fixed Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 9: If a country with a relatively high inflation rate maintains a pegged exchange rate against the currency of a relatively low inflation country
A) its currency will depreciate.
B) its exports will become more competitive in the international market.
C) its currency will sell at a discount.
D) its exports will become less competitive in the international market.

[Assistant] 正确答案是 D。 对应选项内容：its exports will become less competitive in the international market.。 Topic: Fixed Exchange Rate。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 10: For a country which has a relatively high rate of inflation and wants some form of pegged exchange rate, which of the following exchange-rate regimes is the best choice?
A) Fully fixed exchange rate
B) Adjustable peg
C) Crawling peg
D) Fully convertible currency

[Assistant] 正确答案是 C。 对应选项内容：Crawling peg。 Topic: Fixed Exchange Rate。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 11: Which of the following mechanisms would not be used by a country to defend a fixed exchange rate?
A) The government can buy or sell foreign currency to influence the actual exchange rate.
B) The government can threaten to shift to a floating exchange rate.
C) The government can impose a form of exchange control.
D) The government can alter domestic interest rates to influence short-term international capital flows.

[Assistant] 正确答案是 B。 对应选项内容：The government can threaten to shift to a floating exchange rate.。 Topic: Fixed Exchange Rate。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 20: Government Policies toward the Foreign Exchange Market
Question 12: Consider that Britain is trying to maintain a fixed exchange rate with respect to the U.S. dollar. However, the present situation in the foreign exchange market is conducive for the British pound to depreciate with respect to the U.S. dollar. Which of the following interventions will stem the pressures for depreciation of the pound?
A) The government of Britain should sell pounds and buy dollars.
B) The government of Britain should do nothing, as a fixed rate cannot change.
C) The government of Britain should buy pounds and sell dollars.
D) The government of Britain should increase the country's money supply.

[Assistant] 正确答案是 C。 对应选项内容：The government of Britain should buy pounds and sell dollars.。 Topic: Defense Through Official Intervention。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 1: ________ refer(s) to purchasing shares in a foreign enterprise largely owned and controlled by the investor.
A) Official capital flows
B) Direct investment
C) Short-term lending
D) Portfolio investment

[Assistant] 正确答案是 B。 对应选项内容：Direct investment。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。

International Lending and Financial Crises


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 2: Official lending and investing are usually done by
A) multinational enterprises.
B) private individuals when purchasing government bonds.
C) governments or multilateral institutions.
D) commercial banks.

[Assistant] 正确答案是 C。 对应选项内容：governments or multilateral institutions.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 3: From pre-World War II years to the early 1980s, which one of the following countries was the principal lender in the world?
A) The United States
B) The United Kingdom
C) Germany
D) Japan

[Assistant] 正确答案是 A。 对应选项内容：The United States。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 4: The largest net international lenders since 1980 have been
A) the United States and china.
B) the United Kingdom and France.
C) Russia and Saudi Arabia.
D) Japan and Germany.

[Assistant] 正确答案是 D。 对应选项内容：Japan and Germany.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 5: From the early 1980s through today, the largest net borrower in the world has been
A) the United States.
B) the United Arab Emirates.
C) China.
D) Japan.

[Assistant] 正确答案是 A。 对应选项内容：the United States.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 6: Since 2000, developing countries received large net capital inflows in the form of
A) foreign direct investments.
B) short-term lending.
C) official loans from foreign governments and the International Monetary Fund (IMF).
D) debt service.

[Assistant] 正确答案是 A。 对应选项内容：foreign direct investments.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 7: Which of the following is a major benefit of international lending?
A) It eliminates exchange rate risk in financial activities.
B) It requires reducing restrictive international trade practices in the lending and the borrowing countries.
C) It allows both small countries and large countries to apply similar levels of optimal taxes on the international loans.
D) It allows some lenders to shift their lending to foreign borrowers who are willing to pay higher interest rates on the loans..

[Assistant] 正确答案是 D。 对应选项内容：It allows some lenders to shift their lending to foreign borrowers who are willing to pay higher interest rates on the loans..。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 8: If international financial transactions are prohibited
A) lenders in the richer countries will probably earn high rates of return.
B) borrowers in poorer countries will probably pay low interest rates.
C) lenders in the richer countries will probably earn low rates of return.
D) exchange rates cannot remain fixed.

[Assistant] 正确答案是 C。 对应选项内容：lenders in the richer countries will probably earn low rates of return.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 9: Borrowers in wealthy countries that have few domestic investment opportunities would gain if
A) all restrictions on capital flows between nations were removed.
B) capital flows between nations are prohibited.
C) factor-price equalization takes place.
D) governments set allowable interest rates.

[Assistant] 正确答案是 B。 对应选项内容：capital flows between nations are prohibited.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 10: Assume that investment opportunities are less in high-wealth countries and more in low-wealth countries. Now, if all barriers to international financial transactions are removed, borrowers in ________ countries lose and lenders in ________ countries gain.
A) high-wealth; low-wealth
B) low-wealth; high-wealth
C) high-wealth; high-wealth
D) low-wealth; low-wealth

[Assistant] 正确答案是 C。 对应选项内容：high-wealth; high-wealth。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 11: International financial freedom
A) maximizes world product.
B) hurts poor countries.
C) hurts wealthy countries.
D) helps all citizens in both poor and wealthy countries.

[Assistant] 正确答案是 A。 对应选项内容：maximizes world product.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 21: International Lending and Financial Crises
Question 12: By restricting foreign lending, a country with sufficient market power can
A) increase world production.
B) lower world interest rates.
C) bid up the rate that domestic lenders get after taxes.
D) bid up the rate that foreign borrowers have to pay.

[Assistant] 正确答案是 D。 对应选项内容：bid up the rate that foreign borrowers have to pay.。 Topic: Gains and Losses from Well-Behaved International Lending。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 1: Which of the following is NOT a fundamental objective for the performance of a country's macroeconomy?
A) Price stability
B) Interest rates
C) Full employment of resources
D) A reasonable and sustainable balance of payments with the rest of the world

[Assistant] 正确答案是 B。 对应选项内容：Interest rates。 Topic: The Performance of a National Economy。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 2: The goal of internal balance includes
A) low interest rates.
B) full employment of resources.
C) a reasonable and sustainable balance of payments with the rest of the world.
D) exchange rate stability.

[Assistant] 正确答案是 B。 对应选项内容：full employment of resources.。 Topic: The Performance of a National Economy。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 3: If C represents aggregate consumption, Id represents domestic investments, G represents government expenditures, E represents national expenditures on goods and services, X represents foreign demands for exports, and M represents domestic demand for imports, then aggregate demand for this country equals
A) C + Id + G.
B) E + C + Id + (X – M).
C) C + Id + G + (X – M).
D) E + (M – X).

[Assistant] 正确答案是 C。 对应选项内容：C + Id + G + (X – M).。 Topic: Domestic Production Depends on Aggregate Demand。 Difficulty: 2 Medium。 Bloom's: Understand。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 4: Equilibrium gross domestic product (GDP) in the short run is determined at the point where
A) gross domestic production equals aggregate demand.
B) domestic production equals domestic consumption.
C) imports equal exports.
D) the rate of unemployment equals zero.

[Assistant] 正确答案是 A。 对应选项内容：gross domestic production equals aggregate demand.。 Topic: Equilibrium GDP and Spending Multipliers。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 5: Real domestic investment spending is
A) positively related to the marginal propensity to consume.
B) negatively related to the level of interest rates in the economy.
C) positively related to government spending.
D) negatively related to the exchange rate.

[Assistant] 正确答案是 B。 对应选项内容：negatively related to the level of interest rates in the economy.。 Topic: Equilibrium GDP and Spending Multipliers。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 6: The amount by which imports increase when income goes up by one dollar is called
A) the marginal propensity to consume.
B) the spending multiplier.
C) the money multiplier.
D) the marginal propensity to import.

[Assistant] 正确答案是 D。 对应选项内容：the marginal propensity to import.。 Topic: Trade Depends on Income。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 7: If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.2, then value of the simple spending multiplier is
A) 2.0.
B) 0.5.
C) 1.5.
D) 0.1.

[Assistant] 正确答案是 A。 对应选项内容：2.0.。 Topic: Trade Depends on Income。 Difficulty: 2 Medium。 Bloom's: Understand。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 8: The greater the marginal propensity to import, the
A) smaller the spending multiplier.
B) greater the level of investment.
C) greater is the net export.
D) smaller is the level of consumption.

[Assistant] 正确答案是 A。 对应选项内容：smaller the spending multiplier.。 Topic: Trade Depends on Income。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 9: For a small open economy, assume that the marginal propensity to import is 0.3, and that interest rates, exchange rates, and the price level are all constant. If an increase of $10 billion in government spending results in an increase of $6 billion in imports, then
A) real gross domestic product (GDP) increases by $4 billion.
B) the spending multiplier is 2.
C) taxes increase by $10 billion.
D) real domestic investment decreases by $4 billion.

[Assistant] 正确答案是 B。 对应选项内容：the spending multiplier is 2.。 Topic: Trade Depends on Income。 Difficulty: 3 Hard。 Bloom's: Apply。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 10: Fiscal policy consists of
A) changes in money supply and interest rates.
B) changes in government expenditures and taxes.
C) changes in exchange rate par values.
D) changes in the official settlements balance.

[Assistant] 正确答案是 B。 对应选项内容：changes in government expenditures and taxes.。 Topic: Domestic Production Depends on Aggregate Demand。 Difficulty: 1 Easy。 Bloom's: Remember。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 11: If the marginal propensity to save is 0.3, the marginal propensity to import is 0.1, and the government increases expenditures by $10 billion, ignoring foreign-income repercussions, how much will gross domestic product (GDP) rise?
A) $20 billion.
B) $10 billion.
C) $25 billion.
D) $15 billion.

[Assistant] 正确答案是 C。 对应选项内容：$25 billion.。 Topic: Trade Depends on Income。 Difficulty: 3 Hard。 Bloom's: Apply。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 22: How Does the Open Macroeconomy Work?
Question 12: When considering foreign-income repercussions, the spending multiplier is
A) smaller because an increase in domestic imports causes a current account deficit.
B) larger because an increase in domestic imports causes foreign income to rise and thus boosts domestic exports.
C) smaller because an increase in domestic imports lowers the growth in domestic exports.
D) larger because an increase in domestic imports causes a surplus in the official settlements balance.

[Assistant] 正确答案是 B。 对应选项内容：larger because an increase in domestic imports causes foreign income to rise and thus boosts domestic exports.。 Topic: Equilibrium GDP and Spending Multipliers。 Difficulty: 2 Medium。 Bloom's: Understand。

How Does the Open Macroeconomy Work?


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 1: Which of the following can be considered as domestic assets of a country's central bank?
A) Bank deposits at the central bank
B) The country's government bonds owned by the central bank
C) Foreign currency assets held by the central bank
D) Currency issued by the central bank

[Assistant] 正确答案是 B。 对应选项内容：The country's government bonds owned by the central bank。 Topic: From the Balance of Payments to the Money Supply。 Difficulty: 1 Easy。 Bloom's: Remember。

Internal and External Balance with Fixed Exchange Rates


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 2: The sum of currency issued by the central bank and bank deposits at the central bank is called
A) the money supply.
B) domestic assets.
C) the monetary base.
D) fractional reserves.

[Assistant] 正确答案是 C。 对应选项内容：the monetary base.。 Topic: From the Balance of Payments to the Money Supply。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 3: Official intervention in the foreign exchange market to defend a fixed-exchange rate when the value of the country's currency is under downward pressure causes
A) international reserve holdings to fall.
B) a downward pressure on the country's interest rates.
C) no change in the liabilities of the central bank.
D) the domestic money supply to rise.

[Assistant] 正确答案是 A。 对应选项内容：international reserve holdings to fall.。 Topic: From the Balance of Payments to the Money Supply。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 4: Consider a country that has an official settlements balance surplus and is experiencing upward pressure on the exchange-rate value of its currency. Which of the following will NOT be true in this context?
A) The central bank of this country must intervene to buy foreign currency and sell domestic currency.
B) Its balance sheet will show an increase in official international reserve holdings.
C) Its balance sheet will show an increase in its liabilities.
D) For the regular bank that is involved in the intervention transaction, the central bank decreases the bank's deposits at the central bank.

[Assistant] 正确答案是 D。 对应选项内容：For the regular bank that is involved in the intervention transaction, the central bank decreases the bank's deposits at the central bank.。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 5: A(n) ________ of the money supply in a country ________ the domestic interest rates.
A) expansion; increases
B) expansion; decreases
C) contraction; decreases
D) contraction; has no impact on

[Assistant] 正确答案是 B。 对应选项内容：expansion; decreases。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 6: A(n) ________ in a country's money supply causes international capital
A) expansion; outflows.
B) expansion; inflows.
C) contraction; outflows.
D) contraction; stock to stabilize.

[Assistant] 正确答案是 A。 对应选项内容：expansion; outflows.。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 7: The initial impact of ________ the money supply ________ the balance of payments.
A) expanding; worsens
B) expanding; improves
C) contracting; worsens
D) contracting; has no effect on

[Assistant] 正确答案是 A。 对应选项内容：expanding; worsens。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 8: Assuming no effect on exchange rates, which of the following is likely to happen if the money supply in a country contracts?
A) Decline in the international price competitiveness
B) Rise in the interest rates
C) Fall in the inflow of financial capital
D) Rise in the real spending

[Assistant] 正确答案是 B。 对应选项内容：Rise in the interest rates。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 9: Following an expansion of the money supply, a government committed to maintaining a fixed exchange rate must
A) accept a surplus in its current account.
B) not use sterilized intervention.
C) increase its level of government expenditure and autonomous investments.
D) intervene in the foreign exchange market to sell foreign currency and buy domestic currency.

[Assistant] 正确答案是 D。 对应选项内容：intervene in the foreign exchange market to sell foreign currency and buy domestic currency.。 Topic: From Money Supply Back to the Balance of Payments。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 10: Which of the following indicates taking an action to reverse the effect of official intervention on the domestic money supply?
A) Adjusting the country's interest rates
B) Implementing capital controls
C) Sterilization
D) Playing by the "rules of the game"

[Assistant] 正确答案是 C。 对应选项内容：Sterilization。 Topic: Sterilization。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 11: If a country starts with a surplus in its official settlements balance, intervention to defend a fixed exchange rate will cause
A) the money supply to expand and the economy to grow.
B) both the money supply and the economy to contract.
C) the money supply to grow and the economy to contract.
D) the money supply to contract and the economy to grow.

[Assistant] 正确答案是 A。 对应选项内容：the money supply to expand and the economy to grow.。 Topic: Sterilization。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 23: Internal and External Balance with Fixed Exchange Rates
Question 12: There are limits to the ability of monetary authorities to use sterilized intervention in the case of a deficit because
A) the central bank may be unwilling to increase its holdings of foreign currency beyond a certain limit.
B) the pressure from foreign countries to allow the domestic currency to appreciate will lead to large losses.
C) the central bank's ability to constantly obtain foreign currency for the sterilized intervention is constrained.
D) the export level is fixed and it cannot be allowed to drop.

[Assistant] 正确答案是 C。 对应选项内容：the central bank's ability to constantly obtain foreign currency for the sterilized intervention is constrained.。 Topic: Sterilization。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 1: Under a floating exchange-rate regime
A) only fiscal policy should be used to reconcile the goals of internal and external balance.
B) the changes in the exchange rate can take care of external balance, leaving macroeconomic policy to take care of internal balance.
C) deficits and surpluses in the official settlements balance will be the primary concern of policy makers.
D) monetary policy must be used to manage the exchange rate.

[Assistant] 正确答案是 B。 对应选项内容：the changes in the exchange rate can take care of external balance, leaving macroeconomic policy to take care of internal balance.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。

Floating Exchange Rates and Internal Balance


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 2: Changes in floating exchange rates move a country's economy to:
A) its potential real GDP.
B) a low value for its inflation rate.
C) a zero value for its official settlements balance.
D) all of the above.

[Assistant] 正确答案是 C。 对应选项内容：a zero value for its official settlements balance.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 3: Other fundamental things equal, an increase in the exchange-rate value of the domestic currency will make domestic goods
A) more in demand internationally.
B) less competitive in the international markets.
C) more expensive in the domestic market.
D) more expensive to produce.

[Assistant] 正确答案是 B。 对应选项内容：less competitive in the international markets.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 4: Other fundamental things being equal, a decrease in the exchange rate value of the domestic currency will make domestic goods
A) more in demand internationally.
B) less competitive in the international markets.
C) less expensive in the domestic market.
D) less expensive to produce.

[Assistant] 正确答案是 A。 对应选项内容：more in demand internationally.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 5: Other fundamental things being equal, an increase in the exchange-rate value of the domestic currency will cause the current account to
A) become more unbalanced.
B) become smaller than the (nonofficial) financial account.
C) move toward a long-run equilibrium.
D) move toward a deficit.

[Assistant] 正确答案是 D。 对应选项内容：move toward a deficit.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 6: Other fundamental things being equal, a decrease in the exchange rate value of domestic currency will cause the current account to
A) overshoot its long-run value.
B) equal the official settlements balance.
C) move toward a surplus.
D) move toward a long-run deficit.

[Assistant] 正确答案是 C。 对应选项内容：move toward a surplus.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 7: An expansion of the money supply by the country's central bank
A) decreases the willingness of banks to lend money.
B) reduces the price level.
C) increases the level of international capital inflows.
D) causes domestic interest rates to fall.

[Assistant] 正确答案是 D。 对应选项内容：causes domestic interest rates to fall.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 8: Under a floating exchange-rate regime, an expansion in the money supply will
A) induce financial capital to leave the country.
B) attract speculative capital into the country.
C) have no effect on financial account balance.
D) cause a surplus in the official settlement balance.

[Assistant] 正确答案是 A。 对应选项内容：induce financial capital to leave the country.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 9: Under a floating exchange-rate regime, following an expansion in the country's money supply, the country's monetary authority
A) must buy foreign currency in the foreign exchange market.
B) must buy domestic currency in the foreign exchange market.
C) may not intervene in the foreign exchange market.
D) will be forced to reverse the monetary expansion.

[Assistant] 正确答案是 C。 对应选项内容：may not intervene in the foreign exchange market.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 10: Under a floating exchange-rate regime, the domestic currency will normally depreciate if the money supply
A) contracts.
B) expands.
C) does not change with the change in the exchange rates.
D) is managed to keep the country's inflation rate steady.

[Assistant] 正确答案是 B。 对应选项内容：expands.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 11: With perfect capital mobility, uncovered interest parity always holds because
A) almost unlimited flows of capital can occur if there is any deviation from the parity.
B) lower domestic interest rates trigger hedging to avoid exchange-rate risks.
C) capital flows out at a much faster rate than it flows in if the interest rate changes.
D) the no-arbitrage condition cannot be satisfied without using forward contracts.

[Assistant] 正确答案是 A。 对应选项内容：almost unlimited flows of capital can occur if there is any deviation from the parity.。 Topic: Monetary Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 24: Floating Exchange Rates and Internal Balance
Question 12: Under a floating exchange-rate regime with a low degree of capital mobility, if the domestic government uses an expansionary fiscal policy
A) the domestic interest rate increases.
B) foreign capital outflows decrease domestic product.
C) the financial account balance deteriorates.
D) the official settlements balance tends to go into surplus.

[Assistant] 正确答案是 A。 对应选项内容：the domestic interest rate increases.。 Topic: Fiscal Policy with Flexible Exchange Rates。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 1: Which of the following is most likely to happen if the demand for money decreases in the domestic economy under floating exchange rates and free capital mobility?
A) The domestic interest rate will increase.
B) Domestic borrowing will decline.
C) The financial account of the country's balance of payments will deteriorate.
D) The average price level in the domestic economy will decrease.

[Assistant] 正确答案是 C。 对应选项内容：The financial account of the country's balance of payments will deteriorate.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。

National and Global Choices: Floating Rates and the Alternatives


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 2: Monetary policy is most effective in influencing aggregate demand
A) under a freely floating exchange-rate system.
B) under a fixed exchange-rate system with sterilization.
C) under a fixed exchange-rate system without sterilization.
D) when there is low capital mobility.

[Assistant] 正确答案是 A。 对应选项内容：under a freely floating exchange-rate system.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 3: Fiscal policy is most effective in influencing aggregate demand
A) under a floating exchange-rate system with a low degree of capital mobility.
B) under a fixed exchange-rate system with sterilization.
C) under a fixed exchange-rate system without sterilization.
D) under a floating exchange-rate system with a high degree of capital mobility.

[Assistant] 正确答案是 A。 对应选项内容：under a floating exchange-rate system with a low degree of capital mobility.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 4: Those who advocate a return to a real gold standard believe that doing so would
A) force countries to pursue sustainable fiscal policies.
B) allow countries to earn a higher rate of  interest on their holdings of international reserve assets.
C) reduce unemployment rates by allowing countries to have independent monetary policies.
D) reduce inflation rates by imposing strong discipline on national monetary authorities.

[Assistant] 正确答案是 D。 对应选项内容：reduce inflation rates by imposing strong discipline on national monetary authorities.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 5: Under a gold standard, a major discovery of a new gold deposit would
A) decrease the volume of world trade.
B) increase the inflation rate.
C) decrease output growth.
D) increase private demand for gold.

[Assistant] 正确答案是 B。 对应选项内容：increase the inflation rate.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 6: A domestic monetary shock is least disruptive
A) under a floating exchange-rate system.
B) under a fixed exchange-rate system with sterilization.
C) under a fixed exchange-rate system without sterilization.
D) under both fixed and floating exchange rates.

[Assistant] 正确答案是 C。 对应选项内容：under a fixed exchange-rate system without sterilization.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 7: The process of "demonetization of gold" involves
A) the purchase of gold and supply of money into the market by the central banks to defend the fixed gold prices.
B) a sudden fall in private demand for gold in a country due to discovery of a minable gold deposit.
C) gold sales into the private market in recent decades by central banks and the International Monetary Fund (IMF).
D) a sudden increase in the private demand for gold in a country, forcing its central bank to sell off gold.

[Assistant] 正确答案是 C。 对应选项内容：gold sales into the private market in recent decades by central banks and the International Monetary Fund (IMF).。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 1 Easy。 Bloom's: Remember。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 8: A domestic spending shock is likely to be least disruptive under a
A) floating exchange-rate system when there is high capital mobility.
B) fixed exchange-rate system when there is high capital mobility.
C) fixed exchange-rate system without sterilization.
D) floating exchange-rate system when there is low capital mobility.

[Assistant] 正确答案是 A。 对应选项内容：floating exchange-rate system when there is high capital mobility.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 9: For an international capital-flow shock in which foreign investors lose confidence in a country
A) the country's real domestic product is affected if the country has a fixed exchange rate but is not affected if the country has a floating exchange rate.
B) the country's real gross domestic product (GDP) decreases regardless of whether the country has a fixed or floating exchange rate, but the country's real GDP declines less if the country has a floating exchange rate.
C) the country's real domestic product is affected if the country has a floating exchange rate but not affected if the country has a fixed exchange rate.
D) the country's real GDP tends to decline if the country has a fixed exchange rate, but the country's real GDP tends to increase if the country has a floating exchange rate.

[Assistant] 正确答案是 D。 对应选项内容：the country's real GDP tends to decline if the country has a fixed exchange rate, but the country's real GDP tends to increase if the country has a floating exchange rate.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 10: Export demand shocks are likely to be least disruptive to a country with
A) a floating exchange-rate system.
B) a fixed exchange-rate system with sterilization.
C) a fixed exchange-rate system without sterilization.
D) a deficit in the current account.

[Assistant] 正确答案是 A。 对应选项内容：a floating exchange-rate system.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 11: An international trade shock arising from a sudden increase in import demand is likely to be least disruptive to a country with
A) a floating exchange-rate system.
B) a fixed exchange-rate system with sterilization.
C) a fixed exchange-rate system without sterilization.
D) a surplus in the overall payment balance.

[Assistant] 正确答案是 A。 对应选项内容：a floating exchange-rate system.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。


[System] 你是国际经济学课程助教，请根据题目给出正确答案，并补充章节、Topic 与难度信息。

[User]
Chapter 25: National and Global Choices: Floating Rates and the Alternatives
Question 12: Which of the following statements is true?
A) A domestic monetary shock is less disruptive with floating exchange rates.
B) If foreign capital is highly responsive to changes in interest rates, then domestic spending shocks are less disruptive with fixed exchange rates.
C) With floating exchange rates, the transmission of business cycles through foreign trade and repercussion is less than with fixed exchange rates.
D) International capital-flow shocks have domestic effects under fixed exchange rates but not under floating exchange rates.

[Assistant] 正确答案是 C。 对应选项内容：With floating exchange rates, the transmission of business cycles through foreign trade and repercussion is less than with fixed exchange rates.。 Topic: Key Issues in the Choice of Exchange-Rate Policy。 Difficulty: 2 Medium。 Bloom's: Understand。