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- 5/8/26
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ECO201 SU26 FE RE
ECO201 Final Exam Questions
This document contains a set of multiple-choice questions from an ECO201 final exam. It covers various economic concepts including comparative advantage, optimum tariffs, national income accounting, economic and monetary union criteria, and offshore banking. The questions are designed to test students' understanding of international economics and macroeconomic principles.ECO201 Final Exam Questions
Câu 1
The Shipbreakers of Alang utilize much labor and little capital, thereby supporting the applicability of the:
A. Factor proportions explanation of the sources of comparative advantage.
B. Specific factor theory of comparative advantage.
C. Monopolistic competition theory of comparative advantage.
D. Scale economies theory of comparative advantage.
E. Basis of the non-dumping legislation.
Câu 2
The optimum tariff is:
A. The tariff, which maximizes the terms of trade gains.
B. Not practical for a large country due to the likelihood of retaliation.
C. Not practical for a small country due to the likelihood of retaliation.
D. The best tariff a country can obtain via a WTO negotiated round of compromises.
E. The tariff, which maximizes the difference between terms of trade gains and terms of trade losses.
Câu 3
An example of how GNP accounts for services provided by foreign-owned capital (and GDP does not) is:
A. Earnings of a Spanish factory with British owners counts only in Spain's GDP.
B. Earnings of a Spanish factory with British owners counts only in Britain's GNP.
C. Earnings of a Spanish factory with British owners counts in Spain's GNP but are part of Britain's GDP.
D. Earnings of a Spanish factory with British owners counts in Spain's GDP but are part of Britain's GNP.
E. Earnings of a Spanish factory with British owners counts in Spain's GNP but not in Britain's GDP or GNP.
Câu 4
To join the EMU, a country must have:
A. A public-sector deficit no higher than 3 percent of its GDP in general.
B. A public-sector deficit no higher than 2 percent of its GDP in general.
C. A public-sector deficit no higher than 1 percent of its GDP in general.
D. A zero public-sector deficit.
E. A public-sector deficit no higher than 4 percent of its GDP in general.
Câu 5
Offshore banking can take place at which institution?
A. Agency office only
B. Subsidiary bank only
C. Foreign bank only
D. Subsidiary bank and foreign bank
E. Agency office, subsidiary bank, and foreign branch
Đính kèm
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