unit1_exercise

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Exercise for Unit 1Name: No.Multiple-choice questions:1.In 2008, the share of international visible trade is around _______ of the totalvalue of international trade.A.80%B. 60%C. 40%D. 20%A.Which of the following statements about SITC is NOT correct?A. SITC is drafted for the purpose of collecting statistics of the many varieties of goods in international trade.B. SITC is a standard for classification of international trade in commodities.C. SITC is a standard for classification of international trade in services.D. SITC classifies international trade commodities into 10 sections.3. In 2008, the share of trade in commercial services was about ____ of the total valueof international trade.A. 10%B. 20%C. 30%D. 40%4. In 2008, ____ was the world’s largest exporter and importer of commercial services.a. the United Statesb. Germanyc. Japand. France5. The service or a professional adviser is supplied through a visit to him by his foreign client. According to the definition of trade in services in GATS, this service is____.a. cross border supply of services.b. consumption abroad.c. commercial presence in the consuming country.d. presence of natural persons.6. Which of the following statements is not correct?a. A favorable balance of trade is known as a trade surplus and consists of exporting more than is imported.b. The balance of trade is an important part of the current account of a nation’s balance of payment.c. Since 1994, Chian has maintained favorable trade balance for 15 years in succession.d. Since the mid-1980s, the United States has had a growing surplus in tradeable goods, especially with Asian nations (China and Japan).7. If a country uses general trade system in collecting statistic figures, this means ____a. the statistical territory of the country coincides with its customs territory.b. the inward and outward movement of goods through its bonded warehouses is not recorded in ties statistic figures.c. the inward and outward movement of goods through free trade zones is not recorded in its statistic figures,d. the statistical territory of the country coincides with its economic territory.8. The total volume of international trade merchandise is ____a. the summation of the imports or exports of all nations in the world.b. the summation of the value of imports of all nations in the worldc. the summation of the value of exports of all nations in the worldd. the summation of the value of imports and exports of the major traders in the world.9. Which of the following statements is correct?a. The value of international trade can reflect the real development of international trade.b. The quantum of international trade can reflect the real development of international trade.c. There is no difference between the value of the international trade and the quantum of international trade.d. The value of international trade in different periods is usually comparable.10. Most international trade today is classified as trade in ____a. services.b. mineral products.c. manufactured products.d. agricultural products.11. In 2007, ____ dominated China’s exports.a. machinery and transportation equipmentb. toys, clothing and furniturec. steeld. food12. In 2008, the largest world exporter of merchandises was ____.a. Germanyb. Chinac. Japand. the US13. In 2008, China was among the top ____ exporters in the world.a. 3b. 5c. 10d. 2014. In 2007, the share of ____ in China’s exports was the largest one.a. North Americab. Europec. Asiad. Africa15. Which of the statements about the degree of dependence on foreign trade is correct?a. It is the ratio of exports of goods to GDP.b. It is the ratio of experts and imports of goods to GDP.c. In general, the ratio of dependence on foreign trade for China has been decreasing in recent years.d. It is impossible that the ratio of dependence on foreign trade exceeds 100%.2. True or false questions:1. The total volume of international trade in merchandise is the aggregated volume of imports or exports of all nations throughout the world.2. The world merchandise exports have on average outgrown the world production since 1970s.3. The quantum of international trade is a less precise expression the value of international trade in that it does not reflect the real change of international trade.4. At present, world trade tends to be concentrated among relatively few major traders.5. The degree of dependence on foreign trade of an individual country means that its economic prosperity is dependent upon economic prosperity in the world as a whole.3. Briefly define the concepts:1. visible trade2. invisible trade3. favorable balance of trade4. unfavorable balance of trade5. volume of international trade6. quantum of international trade。