Question 1

How is offshoring of services different from past trade patterns?

Accepted Answer

Services were consum

Question 2

Using the HO model,assume that the United States is capital abundant and Mexico is labor abundant.If soybeans are capital intensive and avocados are labor intensive,

Accepted Answer

A) Mexico will produce more soybeans once trade is introduced. 
B) the United States will produce more avocados once trade is introduced. 
C) avocado prices in the United States will fall once trade begins. 
D) soybean prices in Mexico will rise once trade begins. 
A) Mexico will produce more soybeans once trade is introduced. 
B) the United States will produce more avocados once trade is introduced. 
C) avocado prices in the United States will fall once trade begins. 
D) soybean prices in Mexico will rise once trade begins.

Question 3

The relocation of service industry functions to another country is called what?

Accepted Answer

The answer of The relocation of service industry functions to...

Question 4

Most migrants move from developing to developed nations.

Accepted Answer

A) True 
 B)False

Question 5

The opportunity cost of producing in low-income,developing countries rises over the product cycle,according to theory.

Accepted Answer

A) True 
 B)False

Question 6

Most economists attribute the growing income inequality in the United States to

Accepted Answer

A) trade. 
B) macroeconomic policies. 
C) technological change. 
D) changing values. 
E) taxes. 
A) trade. 
B) macroeconomic policies. 
C) technological change. 
D) changing values. 
E) taxes.

Question 7

Which types of workers are most likely to favor lowering trade barriers in the United States?

Accepted Answer

Highly edu

Question 8

If the trade line that passes through the production point on the PPC has a slope that is shallower than the slope of the PPC at the same point,then

Accepted Answer

A) the country can get greater gains from trade if it moves production away from the vertical axis. 
B) the country can get greater gains from trade if it moves production toward the vertical axis. 
C) the country cannot improve on its gains from trade. 
D) There are no gains from trade in this example. 
E) There is not enough information to tell how it can improve its gains from trade. 
A) the country can get greater gains from trade if it moves production away from the vertical axis. 
B) the country can get greater gains from trade if it moves production toward the vertical axis. 
C) the country cannot improve on its gains from trade. 
D) There are no gains from trade in this example. 
E) There is not enough information to tell how it can improve its gains from trade.

Question 9

Which of the following would be associated with the early phase of the product cycle?

Accepted Answer

A) Large amounts of production in low-income,developing countries 
B) A standardized product with an assembly-line style production process 
C) Sophisticated marketing and customer feedback mechanisms 
D) More consumption in low-income,developing countries 
A) Large amounts of production in low-income,developing countries 
B) A standardized product with an assembly-line style production process 
C) Sophisticated marketing and customer feedback mechanisms 
D) More consumption in low-income,developing countries

Question 10

Nations get significant advantages if they have a single,valuable,natural resource,with little downside risk.

Accepted Answer

A) True 
 B)False

Question 11

Describe the product cycle,including addressing the various inputs that are required over time and the resulting production location decisions.

Accepted Answer

Manufactured products go through a produ

Question 12

After trade opens,the short run impact on the income of the specific factor that is relatively scarce will be

Accepted Answer

A) a decrease in its income. 
B) an increase in its income. 
C) no change in its income. 
D) indeterminate,income effects are not possible to know. 
A) a decrease in its income. 
B) an increase in its income. 
C) no change in its income. 
D) indeterminate,income effects are not possible to know.

Question 13

Forces inside a nation that cause people to think about leaving that nation are called what in migration theory?

Accepted Answer

The answer of Forces inside a nation that cause people...

How is offshoring of services different from past trade patterns?

Using the HO model,assume that the United States is capital abundant and Mexico is labor abundant.If soybeans are capital intensive and avocados are labor intensive,

The relocation of service industry functions to another country is called what?

Most migrants move from developing to developed nations.

The opportunity cost of producing in low-income,developing countries rises over the product cycle,according to theory.

Most economists attribute the growing income inequality in the United States to

Which types of workers are most likely to favor lowering trade barriers in the United States?

If the trade line that passes through the production point on the PPC has a slope that is shallower than the slope of the PPC at the same point,then

Which of the following would be associated with the early phase of the product cycle?

Nations get significant advantages if they have a single,valuable,natural resource,with little downside risk.

Describe the product cycle,including addressing the various inputs that are required over time and the resulting production location decisions.

After trade opens,the short run impact on the income of the specific factor that is relatively scarce will be

Forces inside a nation that cause people to think about leaving that nation are called what in migration theory?

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

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Exam 4: Comparative Advantage and Factor Endowments

How is offshoring of services different from past trade patterns?

Using the HO model,assume that the United States is capital abundant and Mexico is labor abundant.If soybeans are capital intensive and avocados are labor intensive,

The relocation of service industry functions to another country is called what?

Most migrants move from developing to developed nations.

The opportunity cost of producing in low-income,developing countries rises over the product cycle,according to theory.

Most economists attribute the growing income inequality in the United States to

Which types of workers are most likely to favor lowering trade barriers in the United States?

If the trade line that passes through the production point on the PPC has a slope that is shallower than the slope of the PPC at the same point,then

Which of the following would be associated with the early phase of the product cycle?

Nations get significant advantages if they have a single,valuable,natural resource,with little downside risk.

Describe the product cycle,including addressing the various inputs that are required over time and the resulting production location decisions.

After trade opens,the short run impact on the income of the specific factor that is relatively scarce will be

Forces inside a nation that cause people to think about leaving that nation are called what in migration theory?

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

Filters