Question 1

In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their

Accepted Answer

A)  factor endowments. 
B)  tastes and preferences. 
C)  available technologies. 
D)  factor productivities. 
E)  physical size. 
A)  factor endowments. 
B)  tastes and preferences. 
C)  available technologies. 
D)  factor productivities. 
E)  physical size.

Question 2

One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries.

Accepted Answer

A)  factor endowments 
B)  scale of production 
C)  factor intensities 
D)  technology 
E)  opportunity costs 
A)  factor endowments 
B)  scale of production 
C)  factor intensities 
D)  technology 
E)  opportunity costs

Question 3

The Leontieff Paradox

Accepted Answer

A)  refers to the finding that U.S. exports were more labor intensive than its imports. 
B)  refers to the finding that U.S. Exports were more capital intensive than its exports. 
C)  refers to the finding that the U.S. produces outside its Edgeworth Box. 
D)  still accurately applies to today's pattern of U.S. international trade. 
E)  refers to the fact that Leontieff an American economist had a Russian name. 
A)  refers to the finding that U.S. exports were more labor intensive than its imports. 
B)  refers to the finding that U.S. Exports were more capital intensive than its exports. 
C)  refers to the finding that the U.S. produces outside its Edgeworth Box. 
D)  still accurately applies to today's pattern of U.S. international trade. 
E)  refers to the fact that Leontieff an American economist had a Russian name.

In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their

One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries.

The Leontieff Paradox

Introduction

World Trade: An Overview

Labor Productivity and Comparative Advantage: The Ricardian Model

Specific Factors and Income Distribution

The Standard Trade Model

External Economies of Scale and the International Location of Production

Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

The Instruments of Trade Policy

The Political Economy of Trade Policy

Trade Policy in Developing Countries

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange Market: An Asset Approach

Money, Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Optimum Currency Areas and the European Experience

Financial Globalization: Opportunity and Crisis

Developing Countries: Growth, Crisis, and Reform

Filters

Exam 5: Resources and Trade: The Heckscher-Ohlin Model

In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their

One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries.

The Leontieff Paradox

Introduction

World Trade: An Overview

Labor Productivity and Comparative Advantage: The Ricardian Model

Specific Factors and Income Distribution

The Standard Trade Model

External Economies of Scale and the International Location of Production

Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

The Instruments of Trade Policy

The Political Economy of Trade Policy

Trade Policy in Developing Countries

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange Market: An Asset Approach

Money, Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Optimum Currency Areas and the European Experience

Financial Globalization: Opportunity and Crisis

Developing Countries: Growth, Crisis, and Reform

Filters