A) U.S. trade increased after World War II. B) U.S. exports were capital intensive compared with its import-competing production. C) U.S. exports were labor intensive compared with its import-competing production. D) U.S. exports were neither capital nor labor intensive. A) U.S. trade increased after World War II. B) U.S. exports were capital intensive compared with its import-competing production. C) U.S. exports were labor intensive compared with its import-competing production. D) U.S. exports were neither capital nor labor intensive.

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

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Suppose Portugal has 700 workers and 26,000 units of capital, and France has 18,000 workers and 700 units of capital. Technology is identical in both countries. Assume that wine is the capital-intensive good and cloth is the labor-intensive good. Which of the following statements is correct if the nations start trading with each other?

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Question 101

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

(Short Answer)

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Question 102

The Heckscher-Ohlin model simplifies the analysis by assuming:

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Question 103

Economist Wassily Leontief tested the Heckscher-Ohlin model to determine whether it correctly predicted the capital and labor content of imports and exports of:

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Question 104

If a country finds its comparative advantage in computer production, which is capital intensive, what will happen to the rental rate on capital when trade occurs?

(Multiple Choice)

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Question 105

The Heckscher-Ohlin Model assumes that:

(Multiple Choice)

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Question 106

If India has a comparative advantage in producing low-skilled, labor-intensive goods, what should happen to Indian low-skilled workers' wages as trade barriers against Indian imports fall across the world? What should happen to returns to capital in India?

(Essay)

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Question 107

(Table: Capital Intensity Across Industries) Suppose that the United States is labor abundant relative to Canada. According to the table, which U.S. industry is most likely to export products to Canada?

(Multiple Choice)

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Question 108

In a capital-abundant country, free trade will cause a(n) in the rental of capital and a(n) __ in the marginal product of capital.

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Question 109

After accounting for differing _ as well as _, evidence for many countries is broadly consistent with the Heckscher-Ohlin model.

(Multiple Choice)

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Question 110

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 Heckscher-Ohlin model, which U.S. industries are most likely to face the strongest competition from Indian imports? Explain your answer.

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Question 111

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According to the text, which of the following statements best describes U.S. factor abundance in 1947?

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Question 112

(Table: Data on Suburbia) Use this table, which represents autarkic and free-trade production and consumption and resource use for Suburbia, to answer the following question. What is the ratio of total capital to total labor in Suburbia?

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Question 113

Which of the following countries had the most physical capital in 2013?

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Question 114

(Figure: A Country's Before and After Trade Equilibria) What happened to the relative price of shoes in this nation after trade?

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Question 115

(Figure: Home and Foreign Autarky Equilibria) According to the graph, which nation has a higher no-trade equilibrium relative price for computers (in terms of shoes)?

(Multiple Choice)

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Question 116

The Heckscher-Ohlin model predicts that the factor of production used more intensively in the production of exports will experience:

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Question 117

Leontief found that:

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Question 118

The Leontief paradox found that:

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Question 119

(Figure: A Country's Before and After Trade Equilibria) What are the post-trade quantities of shoes and computers produced by this nation?

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Question 120

Showing 101 - 120 of 138

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

The Heckscher-Ohlin model simplifies the analysis by assuming:

Economist Wassily Leontief tested the Heckscher-Ohlin model to determine whether it correctly predicted the capital and labor content of imports and exports of:

If a country finds its comparative advantage in computer production, which is capital intensive, what will happen to the rental rate on capital when trade occurs?

The Heckscher-Ohlin Model assumes that:

If India has a comparative advantage in producing low-skilled, labor-intensive goods, what should happen to Indian low-skilled workers' wages as trade barriers against Indian imports fall across the world? What should happen to returns to capital in India?

(Table: Capital Intensity Across Industries) Suppose that the United States is labor abundant relative to Canada. According to the table, which U.S. industry is most likely to export products to Canada?

In a capital-abundant country, free trade will cause a(n) in the rental of capital and a(n) __ in the marginal product of capital.

After accounting for differing _ as well as _, evidence for many countries is broadly consistent with the Heckscher-Ohlin model.

According to the text, which of the following statements best describes U.S. factor abundance in 1947?

(Table: Data on Suburbia) Use this table, which represents autarkic and free-trade production and consumption and resource use for Suburbia, to answer the following question. What is the ratio of total capital to total labor in Suburbia?

Which of the following countries had the most physical capital in 2013?

(Figure: A Country's Before and After Trade Equilibria) What happened to the relative price of shoes in this nation after trade?

(Figure: Home and Foreign Autarky Equilibria) According to the graph, which nation has a higher no-trade equilibrium relative price for computers (in terms of shoes)?

The Heckscher-Ohlin model predicts that the factor of production used more intensively in the production of exports will experience:

Leontief found that:

The Leontief paradox found that:

(Figure: A Country's Before and After Trade Equilibria) What are the post-trade quantities of shoes and computers produced by this nation?

Trade in 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

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

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

The Heckscher-Ohlin model simplifies the analysis by assuming:

Economist Wassily Leontief tested the Heckscher-Ohlin model to determine whether it correctly predicted the capital and labor content of imports and exports of:

If a country finds its comparative advantage in computer production, which is capital intensive, what will happen to the rental rate on capital when trade occurs?

The Heckscher-Ohlin Model assumes that:

If India has a comparative advantage in producing low-skilled, labor-intensive goods, what should happen to Indian low-skilled workers' wages as trade barriers against Indian imports fall across the world? What should happen to returns to capital in India?

(Table: Capital Intensity Across Industries) Suppose that the United States is labor abundant relative to Canada. According to the table, which U.S. industry is most likely to export products to Canada?

In a capital-abundant country, free trade will cause a(n) __________ in the rental of capital and a(n) ____________ in the marginal product of capital.

After accounting for differing _________ as well as _________, evidence for many countries is broadly consistent with the Heckscher-Ohlin model.

According to the text, which of the following statements best describes U.S. factor abundance in 1947?

(Table: Data on Suburbia) Use this table, which represents autarkic and free-trade production and consumption and resource use for Suburbia, to answer the following question. What is the ratio of total capital to total labor in Suburbia?

Which of the following countries had the most physical capital in 2013?

(Figure: A Country's Before and After Trade Equilibria) What happened to the relative price of shoes in this nation after trade?

(Figure: Home and Foreign Autarky Equilibria) According to the graph, which nation has a higher no-trade equilibrium relative price for computers (in terms of shoes)?

The Heckscher-Ohlin model predicts that the factor of production used more intensively in the production of exports will experience:

Leontief found that:

The Leontief paradox found that:

(Figure: A Country's Before and After Trade Equilibria) What are the post-trade quantities of shoes and computers produced by this nation?

Trade in 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

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

Filters

In a capital-abundant country, free trade will cause a(n) in the rental of capital and a(n) __ in the marginal product of capital.

After accounting for differing _ as well as _, evidence for many countries is broadly consistent with the Heckscher-Ohlin model.