Exam 3: Gains and Losses From Trade in the Specific-Factors Model

Suppose that the Home country in the twosector (manufacturing and agriculture) specificfactors model Has a comparative advantage in manufacturing output. What will happen to the amount of land used in Producing agricultural output when trade occurs?

(Multiple Choice)

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Question 81

Which of the following statements about the specific Factors model is TRUE?

(Multiple Choice)

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Question 82

As a nation increases its production of exports, demand For specific or fixed factors (such as capital and land) Used in the exporting sector:

(Multiple Choice)

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Question 83

In the specificfactors model, suppose that the Home Country has a comparative advantage in agricultural Output.What will happen to the amount of capital used In agricultural production when trade occurs?

(Multiple Choice)

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Question 84

According to the specificfactor model, will returns to capital and land rise, fall, or not change when a country with a comparative advantage in agricultural output moves from an autarkic to a free trade situation?

(Essay)

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Question 85

As a general rule, the return to (or rental price of) a Specific factor used in a product tends to:

(Multiple Choice)

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Question 86

If trade causes shifts in production so that some workers Are laid off, most economists conclude:

(Multiple Choice)

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Question 87

The twosector (manufacturing and agriculture) specific Factors model assumes:

(Multiple Choice)

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Question 88

What U.S.program compensates workers for losses experienced as a result of trade?

(Essay)

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Question 89

Suppose a government wants to raise money to Compensate the losers from trade.In a specificfactors Model, the government may be able to tax:

(Multiple Choice)

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Question 90

If a nation begins to trade, it will wish to buy (import) The product for which its own relative price is:

(Multiple Choice)

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Question 91

The United States is a significant exporter of many agricultural products.Can the specificfactors model explain substantial increases in the price of agricultural land in the Midwest, where many of U.S.agricultural exports originate?

(Essay)

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Question 92

Describe changes in the share of manufacturing employment in total employment and in manufacturing wages over the past 40 years.

(Essay)

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Question 93

How does the case study of coffee incomes support the conclusions of the specific factors model?

(Essay)

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Question 94

Economists believe that layoffs and wage declines due to Increased imports:

(Multiple Choice)

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Question 95

In a twosector (manufacturing and agriculture) specific Factors model:

(Multiple Choice)

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Question 96

The United States maintains a program to help workers Affected by trade relocation.This is called:

(Multiple Choice)

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Question 97

Suppose that you are trying to decide between being a factor that is mobile between sectors and one that is specific to a particular sector.What are the relative benefits and costs to becoming specific?

(Essay)

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Question 98

When the demand for products competing with imports Falls, demand for the specific factors used in their Production falls and:

(Multiple Choice)

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Question 99

What does the specificfactors model allow us to Analyze?

(Multiple Choice)

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Question 100

Showing 81 - 100 of 122

Suppose that the Home country in the twosector (manufacturing and agriculture) specificfactors model Has a comparative advantage in manufacturing output. What will happen to the amount of land used in Producing agricultural output when trade occurs?

Which of the following statements about the specific Factors model is TRUE?

As a nation increases its production of exports, demand For specific or fixed factors (such as capital and land) Used in the exporting sector:

In the specificfactors model, suppose that the Home Country has a comparative advantage in agricultural Output.What will happen to the amount of capital used In agricultural production when trade occurs?

According to the specificfactor model, will returns to capital and land rise, fall, or not change when a country with a comparative advantage in agricultural output moves from an autarkic to a free trade situation?

As a general rule, the return to (or rental price of) a Specific factor used in a product tends to:

If trade causes shifts in production so that some workers Are laid off, most economists conclude:

The twosector (manufacturing and agriculture) specific Factors model assumes:

What U.S.program compensates workers for losses experienced as a result of trade?

Suppose a government wants to raise money to Compensate the losers from trade.In a specificfactors Model, the government may be able to tax:

If a nation begins to trade, it will wish to buy (import) The product for which its own relative price is:

The United States is a significant exporter of many agricultural products.Can the specificfactors model explain substantial increases in the price of agricultural land in the Midwest, where many of U.S.agricultural exports originate?

Describe changes in the share of manufacturing employment in total employment and in manufacturing wages over the past 40 years.

How does the case study of coffee incomes support the conclusions of the specific factors model?

Economists believe that layoffs and wage declines due to Increased imports:

In a twosector (manufacturing and agriculture) specific Factors model:

The United States maintains a program to help workers Affected by trade relocation.This is called:

Suppose that you are trying to decide between being a factor that is mobile between sectors and one that is specific to a particular sector.What are the relative benefits and costs to becoming specific?

When the demand for products competing with imports Falls, demand for the specific factors used in their Production falls and:

What does the specificfactors model allow us to Analyze?

The Global Economy

Trade and Technology: the Ricardian Model

Trade and Resources: the Heckscher-Ohlin 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

Exam 3: Gains and Losses From Trade in the Specific-Factors Model

Suppose that the Home country in the two­sector (manufacturing and agriculture) specific­factors model Has a comparative advantage in manufacturing output. What will happen to the amount of land used in Producing agricultural output when trade occurs?

Which of the following statements about the specific­ Factors model is TRUE?

As a nation increases its production of exports, demand For specific or fixed factors (such as capital and land) Used in the exporting sector:

In the specific­factors model, suppose that the Home Country has a comparative advantage in agricultural Output.What will happen to the amount of capital used In agricultural production when trade occurs?

According to the specific­factor model, will returns to capital and land rise, fall, or not change when a country with a comparative advantage in agricultural output moves from an autarkic to a free trade situation?

As a general rule, the return to (or rental price of) a Specific factor used in a product tends to:

If trade causes shifts in production so that some workers Are laid off, most economists conclude:

The two­sector (manufacturing and agriculture) specific­ Factors model assumes:

What U.S.program compensates workers for losses experienced as a result of trade?

Suppose a government wants to raise money to Compensate the losers from trade.In a specific­factors Model, the government may be able to tax:

If a nation begins to trade, it will wish to buy (import) The product for which its own relative price is:

The United States is a significant exporter of many agricultural products.Can the specific­factors model explain substantial increases in the price of agricultural land in the Midwest, where many of U.S.agricultural exports originate?

Describe changes in the share of manufacturing employment in total employment and in manufacturing wages over the past 40 years.

How does the case study of coffee incomes support the conclusions of the specific factors model?

Economists believe that layoffs and wage declines due to Increased imports:

In a two­sector (manufacturing and agriculture) specific­ Factors model:

The United States maintains a program to help workers Affected by trade relocation.This is called:

Suppose that you are trying to decide between being a factor that is mobile between sectors and one that is specific to a particular sector.What are the relative benefits and costs to becoming specific?

When the demand for products competing with imports Falls, demand for the specific factors used in their Production falls and:

What does the specific­factors model allow us to Analyze?

The Global Economy

Trade and Technology: the Ricardian Model

Trade and Resources: the Heckscher-Ohlin 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

Suppose that the Home country in the twosector (manufacturing and agriculture) specificfactors model Has a comparative advantage in manufacturing output. What will happen to the amount of land used in Producing agricultural output when trade occurs?

Which of the following statements about the specific Factors model is TRUE?

In the specificfactors model, suppose that the Home Country has a comparative advantage in agricultural Output.What will happen to the amount of capital used In agricultural production when trade occurs?

According to the specificfactor model, will returns to capital and land rise, fall, or not change when a country with a comparative advantage in agricultural output moves from an autarkic to a free trade situation?

The twosector (manufacturing and agriculture) specific Factors model assumes:

Suppose a government wants to raise money to Compensate the losers from trade.In a specificfactors Model, the government may be able to tax:

The United States is a significant exporter of many agricultural products.Can the specificfactors model explain substantial increases in the price of agricultural land in the Midwest, where many of U.S.agricultural exports originate?

In a twosector (manufacturing and agriculture) specific Factors model:

What does the specificfactors model allow us to Analyze?