Exam 5: Movement of Labor and Capital Between Countries
Exam 1: The Global Economy122 Questions
Exam 2: Trade and Technology: the Ricardian Model173 Questions
Exam 3: Gains and Losses From Trade in the Specific-Factors Model122 Questions
Exam 4: Trade and Resources: the Heckscher-Ohlin Model133 Questions
Exam 5: Movement of Labor and Capital Between Countries132 Questions
Exam 6: Increasing Returns to Scale and Monopolistic Competition139 Questions
Exam 7: Import Tariffs and Quotas Under Perfect Competition86 Questions
Exam 8: Import Tariffs and Quotas Under Imperfect Competition105 Questions
Exam 9: International Agreements: Trade, Labor, and the Environment179 Questions
Exam 10: Introduction to Exchange Rates and the Foreign Exchange Market141 Questions
Exam 11: Exchange Rates I: the Monetary Approach in the Long Run152 Questions
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In spring 2010, an explosion on an offshore oildrilling
rig caused 11 deaths and a major oil spill in the Gulf of
Mexico.Shortly thereafter, the U.S.government
declared a moratorium on oil drilling in U.S.territorial
waters in the Gulf of Mexico and a reexamination of
offshore drilling regulations.What were the expected
short and longrun effects of these actions on labor in
Gulf coastal states?
(Essay)
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Suppose labor and capital are the only two resources
Used for production.In the long run:
(Multiple Choice)
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When Irish immigrants first came to the United States,
they were widely discriminated against.A century
after a wave of Irish immigration, however, Americans
generally look favorably on Irish heritage.How can
our models explain this?
(Essay)
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Which group of U.S.citizens competes with illegal
Immigrants in the United States?
(Multiple Choice)
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What is the longrun effect of immigration on capital
Use in the receiving country?
(Multiple Choice)
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In which U.S.educational categories were foreign
born workers MOST highly concentrated in 2010?
(Essay)
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The specificfactors model can also apply to recent
Immigration into the United States.There are two
Major categories of U.S.immigrants:
(Multiple Choice)
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In destination countries, as immigration occurs and
More labor is employed, in the short run, wages fall
And the marginal products of land and capital (fixed
Resources):
(Multiple Choice)
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Between 1870 and 1913, labor migration from the "Old
World" (Europe) to the "New World" (the United States,
Canada, and Australia):
(Multiple Choice)
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In the specificfactors model, how will immigration
Affect the sending country's production possibilities
Frontier?
(Multiple Choice)
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In the shortrun (specificfactors) model, foreign direct
Investment is expected to cause a(n) ________ in the
Production of the capitalintensive good and a(n)
________ in the production of the landintensive good
In the receiving country.
(Multiple Choice)
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According to the shortrun (specificfactors) model,
How will FDI affect wages in the recipient nation?
(Multiple Choice)
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Economists who have studied the impact of
Immigration on world welfare generally find after
Considering impacts on all constituencies that world
GDP has _______ as a result of immigration of
Workers and FDI.
(Multiple Choice)
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In the short run, immigration lowers wages in both
sectors because of what feature of production?
(Essay)
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In the shortrun (specificfactors) model, foreign direct
Investment is expected to cause a(n) ________ in the
Return to capital and a(n) ________ in the return to
Land in the receiving country.
(Multiple Choice)
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In the specificfactors model, migration of labor will
Cause:
(Multiple Choice)
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