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 the specificfactors model, labor migration from
Mexico to the United States will cause _________ in
u.S.lowskilled wages and _________ in Mexican low
Skilled wages.
(Multiple Choice)
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Which of the following statements does NOT describe
The effect(s) of labor immigration?
(Multiple Choice)
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Largescale immigration into the New World, between
1870 and 1913 caused the real wages to:
(Multiple Choice)
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When FDI occurs, what are the longrun effects of FDI
On industry output in the recipient nation?
(Multiple Choice)
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Because the capitallabor ratio will be unchanged in the
Long run, how will immigration affect the MPs and
Returns to factors of production?
(Multiple Choice)
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Which of the following is a key assumption in proving
The gains from immigration?
(Multiple Choice)
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Large numbers of Pakistani, Indian, Bangladeshi, and
Philippine labor are working (mainly in low skilled
jobs) in Arabian Peninsula countries (e.g., Qatar,
Saudi Arabia, United Arab Emirates).Suppose that
you are an Indian worker who could earn $1,000
annually at home and $3,000 in Saudi Arabia.
A) Compare the productivity of this worker at home
and in Saudi Arabia.
B) Why might these productivities differ?
C) Often, a broker arranges visas for foreigners to
work in Saudi Arabia.What is the maximum amount
that an Indian worker might be willing to pay a broker
to arrange a work visa for Saudi Arabia?
(Essay)
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Which model can we use to analyze the shortrun
Effects of migration?
(Multiple Choice)
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According to the Rybczynski theorem, why will labor
immigration lead to a longrun increase in output in a
laborintensive industry and a decrease in the output
of a capitalintensive industry?
(Essay)
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In 2010, were remittances from emigrant labor from
developing countries more or less important than
official foreign aid to these countries?
(Essay)
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In the long run, if all resources can move within a
Nation, an inflow of FDI will:
(Multiple Choice)
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In order to analyze migration in the long run, it is
Appropriate to use:
(Multiple Choice)
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Foreign direct investment that takes the form of
Purchasing an existing plant is often called:
(Multiple Choice)
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When we use the specificfactors model to study
Immigration, we assume that:
(Multiple Choice)
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In the very long run, theoretically there will be
Equilibrium if capital and labor are free to migrate.If
And when this ever happens, what will the global
Economy experience?
(Multiple Choice)
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In the long run, an increase in FDI in the
Manufacturing sector will:
(Multiple Choice)
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The specificfactors model predicts that after
Immigration, the equilibrium wage in both industries in
The destination nation:
(Multiple Choice)
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Without productivity growth, what is the longrun
Effect of labor migration on the receiving country?
(Multiple Choice)
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If a person leaves Sweden to work in the United States,
She is said to ________ from Sweden and __________
To the United States.
(Multiple Choice)
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