国际经济学作业

Quiz for Ch5

1) In the 2-factor, 2-good Heckscher-Ohlin model, an influx of workers from across the border would

A) move the point of production along the production possibility curve.

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 labor.

2) In the 2-factor, 2-good Heckscher-Ohlin model, the two countries differ in A) tastes and preferences. B) military capabilities.

C) the size of their economies.

D) relative abundance of factors of production. E) labor productivities.

3) One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries. A) factor endowments B) scale of production C) factor intensities D) technology

E) opportunity costs

4) If a country produces good Y (measured on the vertical axis) and good X (measured on the horizontal axis), then the absolute 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 the Ricardian model of Comparative 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 (one for each country). E) has varying wage rates.

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6) In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier 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) In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier 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) In the 2-factor, 2-good Heckscher-Ohlin model, the production possibility frontier is kinked when

A) there is no factor substitution in production. B) the opportunity cost of production is constant. C) there are unemployed factor resources. D) a country does not engage in trade. E) transportation costs are very high.

9) 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) benefit; abundant; export E) harm; scarce; export

10) According to the Heckscher-Ohlin model, the source of comparative advantage is a country’s A) technology.

B) factor endowments. C) advertising. D) human capital. E) political system.

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

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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 model means that, unlike in the Ricardian 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 consume outside their production possibility frontier. D) comparative advantage will not determine the direction of trade. E) global production will decrease under trade.

13) In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their A) tastes and preferences. B) available technologies. C) factor endowments. D) factor productivities. E) physical size.

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 converge.

C) benefits from trade are evenly distributed between the two countries. D) all factors in both countries will gain from trade.

E) all factors in one country will gain, but there may be no gains in the other country.

Assume that only two countries, A and B, exist.

15) Refer to the table above. If good S is capital intensive, then 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 between these two countries. E) both countries will import good S.

16) Refer to the table above. If you are told that Country B is very much richer than Country A, then 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 …… 此处隐藏：7104字，全部文档内容请下载后查看。喜欢就下载吧 ……