Exam 4: Trade and Resources: the Heckscher-Ohlin Model

The HeckscherOhlin model assumes that there are two Countries, each of which produces two goods (say Manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the HeckscherOhlin model?

(Multiple Choice)

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Question 21

In his test of the HO model for the United States, Leontief Found that :

(Multiple Choice)

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Question 22

SCENARIO: CHILE AND THE UNITED STATES Chile and the United States use capital and labor to Produce wheat and automobiles.The United States is Capital abundant, and Chile is labor abundant.Wheat Production is more labor intensive than automobile Production. Reference: Ref 48 (Scenario: Chile and the United States) What is the MOSTimportant reason why U.S.workers might oppose u.S.Chile free trade?

(Multiple Choice)

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Question 23

Suppose that all countries eliminate their barriers to trade. The HeckscherOhlin model predicts that:

(Multiple Choice)

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Question 24

(Table: Factor Use in Latvian Trade) Does Latvia import capital Or laborintensive products?

(Multiple Choice)

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Question 25

If China has a comparative advantage in producing low skilled, laborintensive goods, what should happen to Chinese lowskilled workers' wages as trade barriers against Chinese imports fall across the world? What should happen to returns to capital in China?

(Essay)

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Question 26

SCENARIO: CANADA AND THE UNITED STATES Canada and the United States produce computers and Chemicals using labor and capital as the only inputs in Production.The United States is capital abundant, and Canada is labor abundant.Computer production is more Labor intensive than chemical production in both countries. Reference: Ref 47 (Scenario: Canada and the United States) What does the HeckscherOhlin model predict will happen to wages and Returns to capital after trade takes place between Canada And the United States?

(Multiple Choice)

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Question 27

Who is likely to gain if the United States imposed restrictions on its imports from China?

(Essay)

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Question 28

Reference: Ref 49 (Table: Factor Use in Latvian Trade) According to the HeckscherOhlin model, Latvia's capital/labor ratios are Consistent with:

(Multiple Choice)

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Question 29

Which of the following groups will NOT gain if China and The United States engage in completely free trade?

(Multiple Choice)

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Question 30

According to the StolperSamuelson theorem, would you expect all workers across the globe to favor limiting trade? Why or why not?

(Essay)

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Question 31

(Figure: A Country's Before and After Trade Equilibria) What Is the equilibrium posttrade point of production of this Nation?

(Multiple Choice)

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Question 32

Suppose that the following table gives annual employee compensation (including fringe benefits) in the United States, China, and India for various industries.According to the HO model, which U.S.industries are MOST likely to face the strongest competition from Indian imports? Explain your answer.

(Essay)

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Question 33

Assume that Home is relatively abundant in labor and Relatively scarce in land.The HeckscherOhlin model Predicts that trade with other countries will cause increased Returns to:

(Multiple Choice)

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Question 34

The HeckscherOhlin model simplifies the analysis by Assuming:

(Multiple Choice)

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Question 35

(Figure: Home and Foreign Autarky Equilibria) According to The graph, which nation has a higher notrade equilibrium Relative price for computers (in terms of shoes)?

(Multiple Choice)

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Question 36

The wage paid to labor should increase when:

(Multiple Choice)

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Question 37

The HeckscherOhlin Model assumes that:

(Multiple Choice)

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Question 38

Suppose that Home has 20% of the world's capital, 10% of The world's skilled labor, and 30% of the world's unskilled Labor and produces 20% of the world's GDP.What does this Information suggest?

(Multiple Choice)

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Question 39

Most trading nations do not completely specialize. Incomplete specialization is mainly due to:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 133

The HeckscherOhlin model assumes that there are two Countries, each of which produces two goods (say Manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the HeckscherOhlin model?

In his test of the HO model for the United States, Leontief Found that :

Suppose that all countries eliminate their barriers to trade. The HeckscherOhlin model predicts that:

(Table: Factor Use in Latvian Trade) Does Latvia import capital Or laborintensive products?

If China has a comparative advantage in producing low skilled, laborintensive goods, what should happen to Chinese lowskilled workers' wages as trade barriers against Chinese imports fall across the world? What should happen to returns to capital in China?

Who is likely to gain if the United States imposed restrictions on its imports from China?

Reference: Ref 49 (Table: Factor Use in Latvian Trade) According to the HeckscherOhlin model, Latvia's capital/labor ratios are Consistent with:

Which of the following groups will NOT gain if China and The United States engage in completely free trade?

According to the StolperSamuelson theorem, would you expect all workers across the globe to favor limiting trade? Why or why not?

(Figure: A Country's Before and After Trade Equilibria) What Is the equilibrium posttrade point of production of this Nation?

Suppose that the following table gives annual employee compensation (including fringe benefits) in the United States, China, and India for various industries.According to the HO model, which U.S.industries are MOST likely to face the strongest competition from Indian imports? Explain your answer.

Assume that Home is relatively abundant in labor and Relatively scarce in land.The HeckscherOhlin model Predicts that trade with other countries will cause increased Returns to:

The HeckscherOhlin model simplifies the analysis by Assuming:

(Figure: Home and Foreign Autarky Equilibria) According to The graph, which nation has a higher notrade equilibrium Relative price for computers (in terms of shoes)?

The wage paid to labor should increase when:

The HeckscherOhlin Model assumes that:

Suppose that Home has 20% of the world's capital, 10% of The world's skilled labor, and 30% of the world's unskilled Labor and produces 20% of the world's GDP.What does this Information suggest?

Most trading nations do not completely specialize. Incomplete specialization is mainly due to:

The Global Economy

Trade and Technology: the Ricardian Model

Gains and Losses From Trade in the Specific-Factors Model

Movement of Labor and Capital Between Countries

Increasing Returns to Scale and Monopolistic Competition

Import Tariffs and Quotas Under Perfect Competition

Import Tariffs and Quotas Under Imperfect Competition

International Agreements: Trade, Labor, and the Environment

Introduction to Exchange Rates and the Foreign Exchange Market

Exchange Rates I: the Monetary Approach in the Long Run

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Exam 4: Trade and Resources: the Heckscher-Ohlin Model

The Heckscher­Ohlin model assumes that there are two Countries, each of which produces two goods (say Manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the Heckscher­Ohlin model?

In his test of the HO model for the United States, Leontief Found that :

Suppose that all countries eliminate their barriers to trade. The Heckscher­Ohlin model predicts that:

(Table: Factor Use in Latvian Trade) Does Latvia import capital­ Or labor­intensive products?

If China has a comparative advantage in producing low­ skilled, labor­intensive goods, what should happen to Chinese low­skilled workers' wages as trade barriers against Chinese imports fall across the world? What should happen to returns to capital in China?

Who is likely to gain if the United States imposed restrictions on its imports from China?

Reference: Ref 4­9 (Table: Factor Use in Latvian Trade) According to the Heckscher­Ohlin model, Latvia's capital/labor ratios are Consistent with:

Which of the following groups will NOT gain if China and The United States engage in completely free trade?

According to the Stolper­Samuelson theorem, would you expect all workers across the globe to favor limiting trade? Why or why not?

(Figure: A Country's Before and After Trade Equilibria) What Is the equilibrium post­trade point of production of this Nation?

Suppose that the following table gives annual employee compensation (including fringe benefits) in the United States, China, and India for various industries.According to the HO model, which U.S.industries are MOST likely to face the strongest competition from Indian imports? Explain your answer.

Assume that Home is relatively abundant in labor and Relatively scarce in land.The Heckscher­Ohlin model Predicts that trade with other countries will cause increased Returns to:

The Heckscher­Ohlin model simplifies the analysis by Assuming:

(Figure: Home and Foreign Autarky Equilibria) According to The graph, which nation has a higher no­trade equilibrium Relative price for computers (in terms of shoes)?

The wage paid to labor should increase when:

The Heckscher­Ohlin Model assumes that:

Suppose that Home has 20% of the world's capital, 10% of The world's skilled labor, and 30% of the world's unskilled Labor and produces 20% of the world's GDP.What does this Information suggest?

Most trading nations do not completely specialize. Incomplete specialization is mainly due to:

The Global Economy

Trade and Technology: the Ricardian Model

Gains and Losses From Trade in the Specific-Factors Model

Movement of Labor and Capital Between Countries

Increasing Returns to Scale and Monopolistic Competition

Import Tariffs and Quotas Under Perfect Competition

Import Tariffs and Quotas Under Imperfect Competition

International Agreements: Trade, Labor, and the Environment

Introduction to Exchange Rates and the Foreign Exchange Market

Exchange Rates I: the Monetary Approach in the Long Run

Filters

The HeckscherOhlin model assumes that there are two Countries, each of which produces two goods (say Manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the HeckscherOhlin model?

Suppose that all countries eliminate their barriers to trade. The HeckscherOhlin model predicts that:

(Table: Factor Use in Latvian Trade) Does Latvia import capital Or laborintensive products?

If China has a comparative advantage in producing low skilled, laborintensive goods, what should happen to Chinese lowskilled workers' wages as trade barriers against Chinese imports fall across the world? What should happen to returns to capital in China?

Reference: Ref 49 (Table: Factor Use in Latvian Trade) According to the HeckscherOhlin model, Latvia's capital/labor ratios are Consistent with:

According to the StolperSamuelson theorem, would you expect all workers across the globe to favor limiting trade? Why or why not?

(Figure: A Country's Before and After Trade Equilibria) What Is the equilibrium posttrade point of production of this Nation?

Assume that Home is relatively abundant in labor and Relatively scarce in land.The HeckscherOhlin model Predicts that trade with other countries will cause increased Returns to:

The HeckscherOhlin model simplifies the analysis by Assuming:

(Figure: Home and Foreign Autarky Equilibria) According to The graph, which nation has a higher notrade equilibrium Relative price for computers (in terms of shoes)?

The HeckscherOhlin Model assumes that: