Câu 1: Intra-industry trade will tend to dominate trade flows when which of the followings exists?

• Large differences between relative country factor availabilities.
• Small differences between relative country factor availabilities.
• Homogeneous products that cannot be differentiated.
• Constant cost industries

Câu 2: The World Trade Organization (WTO) was organized as a successor to the

• a, IMF
• b, UN
• UNCTAD
• d, GATT

Câu 3: It is argued that high-tech industries typically generate new technologies but cannot fully appropriate the commercial benefits associated with their inventions or discoveries. If this is true then in order to maximize a countries real income, the government should

• tax the high-tech firms.
• subsidize the high-tech firms.
• protect the high-tech firms.
• Both B and C

Câu 4: Which of the followings is NOT true?

• Inter-industry trade occurs in the Heckscher-Ohlin model or Ricardian model.
• Inter-industry trade reflects comparative advantage.
• Intra-industry trade reflects income distribution effects
• The relative importance of intra-industry trade depends on how similar countries are.

Câu 5: An American computer company imports all parts used to produce computer from a Vietnamese company. It uses all those parts to produce computers and then exports back finished computers to that Vietnamese company. This selling activity of the American company is considered as:

• Export
• Re-export
• International processing
• Switch trade

Câu 6: The gravity model postulates that the value of trade between two countries is … other things equal, to the economic size of the two countries, and … with the distance between them.

• diminishing, diminishing
• dependent, proportional
• proportional, diminishing
• constant, proportional

Câu 7: The infant industry argument is the principal justification for

• aimport-substitution policies.
• export-oriented policies.
• strategic trade policies.
• industrial policies.

Câu 8: The following table presents the trading model between India and Thailand with 2 products Camera and Shoe. Product - India - Thailand-> Cameras - 10 - 20-> Shoes - 10 - 40. Which Not True

• India has a comparative advantage in producing cameras because the opportunity cost of producing cameras in India is lower than Thailand
• Thailand has a comparative advantage in producing shoes because the opportunity cost of producing shoes in Thailand is lower than India
• Thailand should produce and export both cameras and shoes because Thailand uses its resources more efficiently in producing both products
• Thailand should specialize in producing shoes

Câu 9: In a large exporting country, an export subsidy will

• help consumers and raise the overall economic welfare of the exporting country.
• hurt consumers but raise the overall economic welfare of the exporting country
• hurt consumers and lower the overall economic welfare of the exporting country.
• help consumers but lower economic welfare of the exporting country.

Câu 10: Which of the following is NOT the current trend of international trade?

• The role of developing countries, especially China in international trade, has been increased.
• E-commerce is growing
• Agricultural products are the most traded commodities.
• Traded products have become diversified and innovated.

Câu 11: If … occurs when cost per unit of output depends on the size of the industry.

• The rise in terms of trade
• Internal economies of scales
• Imperfect competition
• External economies of scales

Câu 12: The WTO was established by the … of multilateral trade negotiations

• Kennedy Round
• Tokyo Round
• Uruguay Round
• Dillon Round

Câu 13: Regarding the product "pet botttle", what is a SPS measure among the followings?

• The shape of the bottle.
• The labelling requirements.
• The use of non-toxic material
• The packaging requirements.

Câu 14: According to H-O theory, if Vietnam has more land per worker, and the US has more capital per worker, then

• Vietnam would export product which is land-intensive.
• The US would import product which is capital-intensive.
• Both countries would export some of each product.
• Trade would not continue since Vietnam is a smaller country

Câu 15: The effective rate of protection measures

• the "true" ad valorem value of a tariff.
• the quota equivalent value of a tariff.
• the efficiency with which the tariff is collected at the customhouse.
• the protection given by the tariff to domestic value added.

Câu 16: If a country imposes an import tariff, its welfare can improve if

• the country is a "small country" rather than a "large country".
• its terms of trade improve enough.
• the tariff enhances the welfare of its trading partners.
• its government's tax revenue increases

Câu 17: International trade in this decade is

• sunpler because trade environmental is more transparent with lower protectionism and discrimination.
• more complicated because multilateral cooperation has become more diverse, and
• global production has more closely linked.
• less competitive because merger and acquisition of multinational companies has become more popular.
• d more volatile due to the emergence of international and regional institutions such as WTO, ASEAN and EU.

Câu 18: The Ricardian model explains comparative advantage as the result of differences in countries

• economies of large-scale production
• relative abundance of various resources.
• labor productivities
• research and development expenditures

Câu 19: An important insight of international trade theory is that when countries exchange goods and services with the other.

• it is typically harmful to the technologically lagging countries.
• it is usually beneficial to both countries
• it is typically beneficial only to the low wage trade partner countries.
• it tends to create unemployment in both countries.

Câu 20: The growth success of the high-performance Asian economies

• supports the belief that economic development requires import substitution policies.
• rejects the belief that export-oriented industrialization is likely to promote economic development.
• rejects the belief that economic development requires import substitution policies,
• suggests that free trade policies are required for successful economic development.

Câu 21: The strongest political pressure for a trade policy that results in higher protectionism comes from

• domestic workers lobbying for import restrictions.
• b domestic workers lobbying for export restrictions.
• domestic workers lobbying for free trade.
• domestic consumers lobbying for export restrictions.

Câu 22: International trade is more complex than domestic trade because

• International trade is the exchange of tangible and intangible goods.
• international trade focuses on real transaction of goods and services in international economy
• The made transaction is under the control of the authorities.
• The shipment with various customs and insurance procedures

Câu 23: Which of the followings is NOT the main cooperation pillars of the ASEAN Community (AEC)?

• Politics- Security
• Culture - Society
• Science and Technology
• Economics.