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单选题 In the Mercantilist view of international trade (in a two-country world), ( )
学科：默认课程
时间：2025-12-28 13:41:35
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题目5单选题
In the price-specie-flow doctrine, a deficit country will ( ) gold, and this gold flow will ultimately lead to ( ) in the deficit country's exportsA. lose; a decreaseB. lose; an increaseC. gain; a decreaseD. gain; an increase
题目6单选题
In the Mercantilist view of international trade (in a two-country world), ( )A. both countries could gain from trade at the same time, but the distribution of the gains depended upon the terms of tradeB. both countries could gain from trade at the same time, and the terms of trade were of no consequence for the distribution of the gainsC. neither country could ever gain from tradeD. one country's gain from trade was associated with a loss for the other country
题目7单选题
If the demand for traded goods is price-inelastic, the price-specie-flow mechanism will result in( )A. gold movements between countries that remove trade deficits and surplusesB. gold movements between countries that worsen trade deficits and surplusesC. negligible movements of gold between countries and hence little or no adjustment of trade deficits and surplusesD. a removal of the basis for trade between countries
题目8单选题
The policy of minimum government interference in or regulation of economic activity advocated by Adam Smith and the Classical economists, was known as ( )A. the law of comparative advantageB. laissez-faireC. the labor theory of valueD. Mercantilism
题目9单选题
The price-specie-flow mechanism suggested that ( )A. a country could easily maintain a balance-of-payments surplus for a long period of timeB. a deficit country would experience an increase in its money supply and its price levelC. a surplus country would experience an increase in its money supply and its price levelD. a country's internal price level has no relation to the country's foreign trade activities
题目10单选题
During the price-specie-flow adjustment process to a trade imbalance, if demands for goods are inelastic, then, when the price level ( ) in the country with the trade deficit, the value of that country's exports will ( ) as the price-specie-flow process takes placeA. falls; increaseB. falls; decreaseC. rises; increaseD. rises; decrease
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