Exam 5: Movement of Labor and Capital Between Countries

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Mexico has 2,000 units of capital and 2,000 workers. The United States has 6,000 units of capital and 4,000 workers. Clothing production is labor intensive and chemical production is capital intensive. Suppose that the United States eliminates all restrictions on immigration from Mexico. How many Mexican workers must immigrate to the United States in order for factor price equalization to occur?

(Multiple Choice)

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Question 61

Consider an economy that only produces steel and shoes; steel is capital intensive and shoes are labor intensive. Which industry has a lower capital-labor ratio?

(Multiple Choice)

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Question 62

Which model can we use to analyze the short-run effects of migration?

(Multiple Choice)

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Question 63

According to the Rybczynski theorem, immigration will cause:

(Multiple Choice)

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Question 64

Why do owners of capital and land usually support the reduction of restrictions on immigration?

(Short Answer)

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Question 65

In recent years, most immigrants to Europe:

(Multiple Choice)

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Question 66

According to the Rybczynski theorem, how will immigration affect the receiving country's production of labor-intensive and capital-intensive goods?

(Multiple Choice)

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Question 67

What are two major categories of recent U.S. immigrants?

(Multiple Choice)

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Question 68

In the United States, what percentage of workers with 12 years of education or less are foreign born?

(Multiple Choice)

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Question 69

According to World Bank estimates, how large were the remittances of migrant workers to their home countries in 2013?

(Multiple Choice)

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Question 70

In the long run, how will immigration affect the labor-intensive industry's output?

(Multiple Choice)

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Question 71

As FDI flows into a nation, which of the following will happen to the marginal product of labor in the short run?

(Multiple Choice)

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Question 72

Which of the following is a long-run impact of labor immigration?

(Multiple Choice)

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Question 73

In the Heckscher-Ohlin model, a "box diagram" describes the distribution of:

(Multiple Choice)

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Question 74

In order to analyze migration in the long run, it is appropriate to use:

(Multiple Choice)

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Question 75

In the short-run (specific factors) model, FDI will cause _ in the return to capital and land and _ in the return to labor in the recipient country.

(Multiple Choice)

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Question 76

In the short run, which of the following will reduce the gains from labor migration to the recipient nation?

(Multiple Choice)

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Question 77

Which legislation would U.S. labor unions support?

(Multiple Choice)

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Question 78

Estimates of the long-run gains (after 25 years) from enlargement of the European Union range between:

(Multiple Choice)

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Question 79

The economic benefit to immigrating workers is:

(Multiple Choice)

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Question 80

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Exam 5: Movement of Labor and Capital Between Countries

Consider an economy that only produces steel and shoes; steel is capital intensive and shoes are labor intensive. Which industry has a lower capital-labor ratio?

Which model can we use to analyze the short-run effects of migration?

According to the Rybczynski theorem, immigration will cause:

Why do owners of capital and land usually support the reduction of restrictions on immigration?

In recent years, most immigrants to Europe:

According to the Rybczynski theorem, how will immigration affect the receiving country's production of labor-intensive and capital-intensive goods?

What are two major categories of recent U.S. immigrants?

In the United States, what percentage of workers with 12 years of education or less are foreign born?

According to World Bank estimates, how large were the remittances of migrant workers to their home countries in 2013?

In the long run, how will immigration affect the labor-intensive industry's output?

As FDI flows into a nation, which of the following will happen to the marginal product of labor in the short run?

Which of the following is a long-run impact of labor immigration?

In the Heckscher-Ohlin model, a "box diagram" describes the distribution of:

In order to analyze migration in the long run, it is appropriate to use:

In the short-run (specific factors) model, FDI will cause _______________ in the return to capital and land and _______________ in the return to labor in the recipient country.

In the short run, which of the following will reduce the gains from labor migration to the recipient nation?

Which legislation would U.S. labor unions support?

Estimates of the long-run gains (after 25 years) from enlargement of the European Union range between:

The economic benefit to immigrating workers is:

Trade in the Global Economy

Trade and Technology: The Ricardian Model

Gains and Losses From Trade in the Specific-Factors Model

Trade and Resources: the Heckscher-Ohlin Model

Increasing Returns to Scale and Monopolistic Competition

Offshoring of Goods and Services

Import Tariffs and Quotas Under Perfect Competition

Import Tariffs and Quotas Under Imperfect Competition

Export Subsidies in Agriculture and High-Technology Industries

International Agreements: Trade, Labor, and the Environment

The Global Macroeconomy

Introduction to Exchange Rates and the Foreign Exchange Market

Exchange Rates I: the Monetary Approach in the Long Run

Exchange Rates II: the Asset Approach in the Short Run

National and International Accounts: Income, Wealth, and the Balance of Payments

Balance of Payments I: the Gains From Financial Globalization

Balance of Payments II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run

Fixed Versus Floating: International Monetary Experience

Exchange Rate Crises: How Pegs Work and How They Break

The Euro

Topics in International Macroeconomics

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In the short-run (specific factors) model, FDI will cause _ in the return to capital and land and _ in the return to labor in the recipient country.