国际经济学作业

Quiz for Ch51)Inthe2-factor,2-goodHeckscher-Ohlinmodel,aninfluxofworkersfromacrosstheborderwouldA)movethepointofproductionalongtheproductionpossibilitycurve.B)shifttheproductionpossibilitycurveoutward,andincreasetheproductionofbothgoods.C)shifttheproductionpossibilitycurveoutwardanddecreasetheproductionofthelabor-intensiveproduct.D)shifttheproductionpossibilitycurveoutwardanddecreasetheproductionofthecapital-intensiveproduct.E)shiftthepossibilitycurveoutwardanddisplacepreexistinglabor.2)Inthe2-factor,2-goodHeckscher-Ohlinmodel,thetwocountriesdifferinA)tastesandpreferences.B)militarycapabilities.C)thesizeoftheireconomies.D)relativeabundanceoffactorsofproduction.E)laborproductivities.3)OnewayinwhichtheHeckscher-OhlinmodeldiffersfromtheRicardomodelofcomparativeadvantageisbyassumingthat_is(are)identicalinallcountries.A)factorendowmentsB)scaleofproductionC)factorintensitiesD)technologyE)opportunitycosts4)IfacountryproducesgoodY(measuredontheverticalaxis)andgoodX(measuredonthehorizontalaxis),thentheabsolutevalueoftheslopeofitsproductionpossibilityfrontierisequaltoA)theopportunitycostofgoodX.B)thepriceofgoodXdividedbythepriceofgoodY.C)thepriceofgoodXdividedbythepriceofgoodY.D)theopportunitycostofgoodY.E)thecostofcapital(assumingthatgoodYiscapitalintensive)dividedbythecostoflabor.5)TheHeckscher-OhlinmodeldiffersfromtheRicardianmodelofComparativeAdvantageinthattheformerA)hasonlytwocountries.B)hasonlytwoproducts.C)hastwofactorsofproduction.D)hastwoproductionpossibilityfrontiers(oneforeachcountry).E)hasvaryingwagerates.6)Inthe2-factor,2-goodHeckscher-Ohlinmodel,thecountrywitharelativeabundanceof_willhaveaproductionpossibilityfrontierthatisbiasedtowardproductionofthe_good.A)labor;laborintensiveB)labor;capitalintensiveC)land;laborintensiveD)land;capitalintensiveE)capital;landintensive7)Inthe2-factor,2-goodHeckscher-Ohlinmodel,thecountrywitharelativeabundanceof_willhaveaproductionpossibilityfrontierthatisbiasedtowardproductionofthe_good.A)labor;capitalintensiveB)capital;capitalintensiveC)land;laborintensiveD)land;capitalintensiveE)labor;landintensive8)Inthe2-factor,2-goodHeckscher-Ohlinmodel,theproductionpossibilityfrontieriskinkedwhenA)thereisnofactorsubstitutioninproduction.B)theopportunitycostofproductionisconstant.C)thereareunemployedfactorresources.D)acountrydoesnotengageintrade.E)transportationcostsareveryhigh.9)Inthe2-factor,2-goodHeckscher-Ohlinmodel,tradewill_theownersofacountrys_factorandwill_thegoodthatusesthatfactorintensively.A)harm;abundant;importB)benefit;scarce;exportC)benefit;scarce;importD)benefit;abundant;exportE)harm;scarce;export10)AccordingtotheHeckscher-Ohlinmodel,thesourceofcomparativeadvantageisacountrysA)technology.B)factorendowments.C)advertising.D)humancapital.E)politicalsystem.11)Inthe2-factor,2-goodHeckscher-Ohlinmodel,tradewill_theownersofacountrys_factorandwill_thegoodthatusesthatfactorintensively.A)harm;abundant;importB)benefit;scarce;exportC)benefit;scarce;importD)harm;scarce;importE)harm;scarce;export12)TheassumptionofdiminishingreturnsintheHeckscher-Ohlinmodelmeansthat,unlikeintheRicardianmodel,itislikelythatA)countrieswillbenefitfromfreeinternationaltrade.B)countrieswillnotbefullyspecializedinoneproduct.C)countrieswillconsumeoutsidetheirproductionpossibilityfrontier.D)comparativeadvantagewillnotdeterminethedirectionoftrade.E)globalproductionwilldecreaseundertrade.13)IntheHeckscher-Ohlinmodel,countriesareassumedtodifferonlyintermsoftheirA)tastesandpreferences.B)availabletechnologies.C)factorendowments.D)factorproductivities.E)physicalsize.14)IntheHeckscher-Ohlinmodel,whentwocountriesbegintotradewitheachotherA)relativefactorpricesinthetwocountriesdiverge.B)therelativepricesoftradedgoodsinthetwocountriesconverge.C)benefitsfromtradeareevenlydistributedbetweenthetwocountries.D)allfactorsinbothcountrieswillgainfromtrade.E)allfactorsinonecountrywillgain,buttheremaybenogainsintheothercountry.Assumethatonlytwocountries,AandB,exist.15)Refertothetableabove.IfgoodSiscapitalintensive,thenfollowingtheHeckscher-OhlinTheory,A)countryBwillexportgoodS.B)countryAwillexportgoodS.C)bothcountrieswillexportgoodS.D)tradewillnotoccurbetweenthesetwocountries.E)bothcountrieswillimportgoodS.16)Refertothetableabove.IfyouaretoldthatCountryBisverymuchricherthanCountryA,thenthecorrectanswerisA)countryBwillexportgoodS.B)countryAwillexportgoodS.C)bothcountrieswillexportgoodS.D)tradewillnotoccurbetweenthesetwocountries.E)bothcountrieswillimportgoodS.17)Refertothetableabove.YouaretoldthatCountryBisverymuchlargerthancountryA.ThecorrectanswerisA)countryBwillexportgoodS.B)countryAwillexportgoodS.C)bothcountrieswillexportgoodS.D)tradewillnotoccurbetweenthesetwocountries.E)bothcountrieswillimportgoodS.18)Refertothetableabove.YouaretoldthatCountryBhasnominimumwageorchildlaborlaws.NowthecorrectanswerisA)countryAwillexportgoodS.B)bothcountrieswillexportgoodS.C)tradewillnotoccurbetweenthesetwocountries.D)countryBwillexportgoodS.E)bothcountrieswillimportgoodS.19)IfagoodislaborintensiveitmeansthatthegoodisproducedA)usinglaborastheonlyinput.B)usingmorelaborperunitofoutputthangoodsthatarenotlaborintensive.C)usingrelativelymorelaborthangoodsthatarenotlaborintensive.D)usinglaborsuchthatthetotalcostoflaborisgreaterthanthetotalcostofcapital.E)usinglaborsuchthatthecostoflaborismorethan50%oftotalcost.20)IntheHeckscher-Ohlinmodel,whenthereisinternational-tradeequilibriumA)thecapitalrichcountrywillchargelessforthecapitalintensivegoodthanthepricepaidbythecapitalpoorcountryforthecapital-intensivegood.B)therelativepriceofthecapitalintensivegoodinthecapitalrichcountrywillbethesameasthatinthecapitalpoorcountry.C)thecapitalrichcountrywillchargemoreforthecapitalintensivegoodthanthepricepaidbythecapitalpoorcountryforthecapital-intensivegood.D)workersinthecapitalrichcountrywillearnmorethanthoseinthepoorcountry.E)theworkersinthecapitalrichcountrywillearnlessthanthoseinthepoorcountry.21)Iftwocountriesareverydifferentinrelativefactorabundance,thenempiricallysupportforwhichofthefollowingwouldlesslikely?A)theFactorPriceEqualizationTheoremB)theHeckscher-OhlinTheoremC)theLawofOnePriceD)theLawofDemandE)theGravityTheorem22)IfagoodiscapitalintensiveitmeansthatthegoodisproducedA)usingcapitalastheonlyinput.B)usingrelativelymorecapitalthangoodsthatarenotcapitalintensive.C)usingmorecapitalperunitofoutputthangoodsthatarenotcapitalintensive.D)usingcapitalsuchthatthetotalcostofcapitalisgreaterthanthetotalcostoflabor.E)usingcapitalsuchthatthecostofcapitalismorethan50%oftotalcost.23)TheHeckscher-OhlinmodelpredictsallofthefollowingexceptA)whichcountrywillexportwhichproduct.B)whichfactorofproductionwithineachcountrywillgainfromtrade.C)thatrelativewageswilltendtobecomeequalinbothtradingcountries.D)thevolumeoftrade.E)thattradeincreasesacountrysoverallwelfare.24)IfAustraliahasrelativelymorelandperworker,andBelgiumhasrelativelymorecapitalperworker,theniftradebeganbetweenthesetwocountries,A)therelativepriceoftheland-intensiveproductwouldincreaseinAustralia.B)therelativepriceofthecapital-intensiveproductwouldincreaseinAustralia.C)therelativepriceoftheland-intensiveproductwouldincreaseinBelgium.D)therelativepriceofthecapital-intensiveproductwoulddecreaseinBelgium.E)relativeproductpriceswoulddivergebetweenAustraliaandBelgium.25)IfAustraliahasmorelandperworker,andBelgiumhasmorecapitalperworker,theniftradebeganbetweenthesetwocountries,A)therealincomeofcapitalownersinAustraliawouldincrease.B)therealincomeoflaborinAustraliawoulddecline.C)therealincomeoflandownersinBelgiumwoulddecline.D)therealincomeoflaborinBelgiumwoulddecline.E)therealincomeoflaborinbothcountrieswoulddecline.26)IfJapanisrelativelycapitalrichandtheUnitedStatesisrelativelylandrich,andiffoodisrelativelylandintensivethentradebetweenthesetwo,formerlyautarkiccountrieswillresultinA)anincreaseintherelativepriceoffoodintheU.S.B)anincreaseintherelativepriceoffoodinJapan.C)aglobalincreaseintherelativepriceoffood.D)adecreaseintherelativepriceoffoodinbothcountries.E)anincreaseintherelativepriceoffoodinbothcountries.27)TradebenefitsacountrybyA)increasingavailableconsumptionchoices.B)reducingtheneedforspecializationinproduction.C)reducingtherelativepriceoftheexportedgood.D)increasingtherealincomeofallresourceowners.E)increasingthewagerate.28)IfGambiniahasmanyworkersbutverylittlelandandevenlessproductivecapital,then,followingtheHeckscher-Ohlinmodel,wepredictthatGambiniawillexportA)capital-intensivegoods.B)labor-intensivegoods.C)bothcapital-andland-intensivegoods.D)land-intensivegoods.E)bothlabor-andland-intensivegoods.29)IfGambiniahasmanyworkersbutverylittlelandandevenlessproductivecapital,then,followingtheHeckscher-Ohlinmodel,inordertoimprovethecountryseconomicwelfare,theGambiniangovernmentshouldA)engageinfreetrade.B)protectthecapital-intensiveproduct.C)protecttheland-intensiveproduct.D)protectthelabor-intensiveproduct.E)discontinueallinternationaltrade.30)Startingfromanautarky(no-trade)situationwithHeckscher-Ohlinmodel,ifCountryHisrelativelylaborabundant,thenoncetradebeginsA)wagesandrentsshouldriseinH.B)wagesandrentsshouldfallinH.C)wagesshouldriseandrentsshouldfallinH.D)wagesshouldfallandrentsshouldriseinH.E)rentwillbeunchangedbutwageswillriseinH.31)Supposethattherearetwofactors,capitalandland,andthattheUnitedStatesisrelativelylandendowedwhiletheEuropeanUnionisrelativelycapital-endowed.AccordingtotheHeckscher-Ohlinmodel,A)EuropeancapitalistsshouldsupportU.S.-Europeanfreetrade.B)EuropeanlandownersshouldsupportU.S.-Europeanfreetrade.C)allcapitalistsinbothcountriesshouldsupportfreetrade.D)alllandownersshouldsupportfreetrade.E)theU.S.shouldcompensateEuropeancountriesoncetradecommences.32)Internationaltradehasstrongeffectsonincomedistributions.Therefore,internationaltradeA)isbeneficialtoeveryoneinbothtradingcountries.B)willtendtohurtsomegroupsineachtradingcountry.C)willtendtohurtonetradingcountry.D)willtendtohurteveryoneinbothcountries.E)willbebeneficialtoallthoseengagedininternationaltrade.33)FactorstendtobespecifictocertainusesandproductsA)incountrieslackingcomparativeadvantage.B)incapital-intensiveindustries.C)inlabor-intensiveindustries.D)incountrieslackingfairlaborlaws.E)intheshortrun.34)Ifthepriceofthecapitalintensiveproductrisesmorethandoesthepriceofthelandintensiveproduct,thenA)therelativepriceofthecapitalintensiveproductwillfalltosomepointbetweenthepretraderelativeprices.B)demandwillshiftawayfromthecapital-intensiveproduct,anditsproductionwilldecrease.C)demandwillshiftawayfromthecapital-intensiveproduct,anditsproductionwilldecreaserelativetothatofthelandintensiveproduct.D)theproductionofthecapital-intensiveproductwilldecrease,butbylessthanproductionoftheland-intensiveproduct.E)thecountrythatexportsthecapital-intensivegoodwillloseitscomparativeadvantage.35)Iftradeopensupbetweenthetwoformerlyautarkiccountries,AustraliaandBelgium,thenA)therealincomeofAustraliaandofBelgiumwillincrease.B)therealincomeofAustraliabutnotofBelgiumwillincrease.C)therealincomeofbothcountriesmayincrease.D)therealincomeofneithercountrywillincrease.E)therealincomeofbothcountrieswillincrease.36)TheLeontieffParadoxA)supportedthevalidityoftheRicardiantheoryofcomparativeadvantage.B)supportedthevalidityoftheHeckscher-Ohlinmodel.C)failedtosupportthevalidityoftheHeckscher-Ohlinmodel.D)failedtosupportthevalidityoftheRicardiantheory.E)provedthattheU.S.economyisdifferentfromallothers.37)TheLeontieffParadoxA)referstothefindingthatU.S.Exportsweremorecapitalintensivethanitsexports.B)referstothefindingthatU.S.exportsweremorelaborintensivethanitsimports.C)referstothefindingthattheU.S.producesoutsideitsEdgeworthBox.D)stillaccuratelyappliestotodayspatternofU.S.internationaltrade.E)referstothefactthatLeontieffanAmericaneconomisthadaRussianname.38)The1987studybyBowen,LeamerandSveikauskasA)supportedthevalidityoftheHeckscher-Ohlinmodel.B)usedatwo-countryandtwo-productframework.C)demonstratedthatinfactcountriestendtousedifferenttechnologies.D)provedthattheU.S.scomparativeadvantagereliedonskilledlabor.E)supportedthevalidityoftheLeontieffParadox.39)EmpiricalobservationsonactualNorth-SouthtradepatternstendtoA)supportthevalidityoftheHeckscher-Ohlinmodel.B)supportthevalidityoftheLeontieffParadox.C)supportthevalidityoftheRybczynskiTheorem.D)supportthevalidityofthewageequalizationtheorem.E)supportthevalidityoftheneo-imperialismexploitationtheory.40)TheCaseoftheMissingTradereferstoA)the9thvolumeoftheHardyBoysMysteryseries.B)thefactthatworldexportsdoesnotequalworldimports.C)thefactthatfactortradeislessthanpredictedbytheHeckscher-Ohlintheory.D)thefactthattheHeckscherOhlintheorypredictsmuchlessvolumeoftradethanactuallyexists.E)thefactthattheHeckscherOhlintheoryneverappliestoChina-U.S.tradepractices.41)WhichofthefollowingisanassertionoftheHeckscher-Ohlinmodel?A)Anincreaseinacountryslaborsupplywillincreaseproductionofboththecapital-intensiveandthelabor-intens