国际经济学作业.docx

国际经济学作业.docx

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国际经济学作业

QuizforCh5

1）

Inthe2-factor,

2-goodHeckscher-Ohlin

model,

an

influx

of

work

ers

from

across

the

border

would

A）

move

the

point

ofproduction

along

the

production

possibility

cu

rve.

B）

shift

the

production

possibility

curve

outward,

and

increase

the

production

of

both

goods.

C）

shift

the

production

possibility

curve

outward

and

decrease

the

production

of

the

labor-intensive

product.

D）

shift

the

production

possibility

curve

outward

and

decrease

the

production

of

the

capital-intensive

product.

E）

shift

the

possibility

curve

outward

and

displace

preexisting

labo

r.

2）Inthe2-factor,2-goodHeckscher-Ohlinmodel,

differin

the

two

countries

A）tastesandpreferences.

B）militarycapabilities.

C）thesizeoftheireconomies.

D）relativeabundanceoffactorsofproduction.

E）laborproductivities.

3）

One

way

in

which

theHeckscher-Ohlin

modeldiffers

fromthe

Ric

ardo

model

of

comparative

advantageisby

assumingthat

________

is

（are）

identical

in

all

countries.

A）

factor

endowments

B）

scale

of

production

C）factorintensities

D）technology

E）opportunitycosts

4）

If

a

country

produces

goodY（measured

on

the

vertical

axis）

a

nd

good

X

（measured

on

the

horizontal

axis）,

then

theabsolute

value

of

the

slope

of

its

production

possibility

frontier

is

equal

to

A）

the

opportunity

cost

of

good

X.

B）

the

price

of

good

X

divided

by

the

price

of

good

Y.

C）

the

price

of

good

X

divided

by

the

price

of

good

Y.

D）

the

opportunity

cost

of

good

Y.

E）

the

cost

of

capital

（assuming

that

good

Y

is

capital

intensive）

divided

by

the

cost

of

labor.

5）

The

Heckscher-Ohlin

model

differs

from

theRicardian

modelofCo

mparative

Advantage

in

that

the

former

A）

has

only

two

countries.

B）

has

only

two

products.

C）

has

two

factors

of

production.

D）

has

two

production

possibility

frontiers

（onefor

eachcountry）.

E）hasvaryingwagerates.

6）

Inthe

2-factor,

2-good

Heckscher-Ohlin

model,the

country

with

arelative

abundance

of

________will

have

aproduction

possibility

f

rontier

that

is

biased

toward

production

of

the________

good.

A）

labor;

labor

intensive

B）

labor;

capital

intensive

C）

land;

labor

intensive

D）

land;

capital

intensive

E）

capital;

land

intensive

7）

Inthe

2-factor,

2-good

Heckscher-Ohlin

model,the

country

with

arelative

abundance

of

________will

have

aproduction

possibility

f

rontier

that

is

biased

toward

production

of

the________

good.

A）

labor;

capital

intensive

B）

capital;

capital

intensive

C）

land;

labor

intensive

D）

land;

capital

intensive

E）

labor;

land

intensive

8）

Inthe2-factor,

2-good

Heckscher-Ohlin

model,theproduction

pos

sibility

frontier

is

kinked

when

A）

there

is

nofactor

substitution

in

production.

B）

the

opportunity

cost

of

production

is

constant.

C）

there

are

unemployed

factor

resources.

D）

acountry

does

not

engage

in

trade.

E）

transportation

costs

are

very

high.

9）

Inthe2-factor,

2-goodHeckscher-Ohlin

model,

trade

will

_______

_the

owners

ofacountry’s________factor

and

will

________

the

good

that

uses

that

factor

intensively.

A）

harm;

abundant;

import

B）

benefit;

scarce;

export

C）

benefit;

scarce;

import

D）

benefit;

abundant;

export

E）harm;scarce;export

10）AccordingtotheHeckscher-Ohlinmodel,thesourceofcomparativ

eadvantageisacountry’s

A）technology.

B）factorendowments.

C）advertising.

D）humancapital.

E）politicalsystem.

11）

In

the

2-factor,

2-good

Heckscher-Ohlin

model,

trade

will

______

__the

owners

of

a

country’s________factor

and

will

________

the

good

that

uses

that

factor

intensively.

A）

harm;

abundant;

import

B）

benefit;

scarce;

export

C）

benefit;

scarce;

import

D）

harm;

scarce;

import

E）

harm;

scarce;

export

12）

The

assumption

of

diminishing

returns

in

the

Heckscher-Ohlin

mod

el

means

that,

unlike

in

theRicardian

model,

it

is

likely

that

A）

countries

will

benefit

from

free

international

trade.

B）

countries

will

not

be

fully

specialized

in

one

product.

C）

countries

will

consumeoutside

their

production

possibility

fronti

er.

D）comparativeadvantagewillnotdeterminethedirectionoftrade.

E）globalproductionwilldecreaseundertrade.

13）IntheHeckscher-Ohlinmodel,countriesareassumedtodiffero

nlyintermsoftheir

A）tastesandpreferences.

B）availabletechnologies.

C）factorendowments.

D）factorproductivities.

E）physicalsize.

14）

In

the

Heckscher-Ohlin

model,

when

two

countries

begin

to

trade

with

each

other

A）

relative

factor

prices

in

the

two

countries

diverge.

B）

the

relative

prices

of

traded

goods

in

the

two

countries

conver

ge.

C）

benefits

from

trade

are

evenly

distributed

between

the

two

count

ries.

D）

all

factors

in

both

countries

will

gain

fromtrade.

E）

all

factors

in

one

country

will

gain,

but

there

may

be

nogai

nsin

the

other

country.

Assumethatonlytwocountries,AandB,exist.

15）

Refer

to

the

table

above.

If

good

S

iscapital

intensive,

the

n

following

the

Heckscher-Ohlin

Theory,

A）

country

B

will

export

good

S.

B）

country

A

will

export

good

S.

C）

both

countries

will

export

good

S.

D）

trade

will

not

occur

betweenthese

two

countries.

E）bothcountrieswillimportgoodS.

16）

Refer

to

the

table

above.

If

you

are

told

that

CountryBis

very

muchricher

thanCountry

A,

then

the

correct

answeris

A）

country

B

will

export

good

S.

B）

country

A

will

export

good

S.

C）

both

countries

will

export

good

S.

D）

trade

will

not

occur

betweenthese

two

countries.

E）

both

countries

will

import

good

S.

17）

Refer

to

the

table

above.

You

are

told

that

CountryBisver

y

muchlarger

than

country

A.The

correct

answer

is

A）

country

B

will

export

good

S.

B）

country

A

will

export

good

S.

C）

both

countries

will

export

good

S.

D）

trade

will

not

occur

between

these

two

countries.

E）

both

countries

will

import

good

S.

18）

Refer

to

the

table

above.

You

are

told

that

Country

Bhasno

minimumwage

orchild

labor

laws.

Now

the

correct

answer

is

A）

country

A

will

export

good

S.

B）

both

countries

will

export

good

S.

C）

trade

will

not

occur

betweenthese

two

countries.

D）

country

B

will

export

good

S.

E）

both

countries

will

import

good

S.

19）Ifagoodislaborintensiveitmeansthatthegoodisprodu

ced

A）

using

labor

as

theonly

input.

B）

using

more

labor

per

unit

ofoutput

than

goods

that

are

notl

abor

intensive.

C）

using

relatively

more

labor

than

goods

that

are

not

labor

inten

sive.

D）

using

labor

such

that

the

total

cost

of

labor

is

greater

than

the

total

cost

of

capital.

E）

using

labor

such

that

the

cost

oflabor

is

morethan50%of

total

cost.

20）

IntheHeckscher-Ohlin

model,

when

there

is

international-trade

equilibrium

A）

the

capital

rich

country

will

charge

less

for

the

capital

inten

sive

good

than

the

price

paid

by

the

capital

poor

country

for

the

capital-intensive

good.

B）

the

relative

price

of

the

capital

intensive

goodin

the

capital

rich

country

will

be

the

same

as

that

in

thecapital

poor

country

.

C）

the

capital

rich

country

will

charge

more

for

the

capital

inten

sive

good

than

the

price

paid

by

the

capital

poor

country

for

the

capital-intensive

good.

D）

workers

in

the

capital

rich

country

will

earn

more

than

those

in

the

poor

country.

E）

the

workers

in

the

capital

rich

country

will

earn

less

thanth

ose

in

the

poor

country.

21）

If

two

countries

are

very

different

in

relative

factor

ab