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Contents

Chapter3LaborProductivityandComparativeAdvantage:TheRicardianModel

2

Chapter4SpecificFactorsandIncomeDistribution

13

Chapter5ResourcesandTrade:TheHeckscher-OhlinModel

22

Chapter6TheStandardTradeModel31

Chapter7EconomiesofScale,imperfectCompetition,andInternationalTrade

41

Chapter8InternationalFactorMovements50

Chapter9TheInstrumentsofTradePolicy

60

Chapter3:LaborProductivityandComparativeAdvantage-The

RicardianModel

MultipleChoiceQuestions

1.Countriestradewitheachotherbecausetheyareandbecauseof

A.different,costs

B.similar,scaleeconomies

C.different,scaleeconomies

D.similar,costs

E.Noneoftheabove.

2.Tradebetweentwocountriescanbenefitbothcountriesif

A.eachcountryexportsthatgoodinwhichithasacomparative

advantage.

B.eachcountryenjoyssuperiortermsoftrade.

C.eachcountryhasamoreelasticdemandfortheimportedgoods.

D.eachcountryhasamoreelasticsupplyforthesuppliedgoods.

E.BothCandD.

3.TheRicardiantheoryofcomparativeadvantagestatesthatacountiyhasa

comparativeadvantageinwidgetsif

A.outputperworkerofwidgetsishigherinthatcountry.

B.thatcountry'sexchangerateislow.

C.wageratesinthatcountryarehigh.

D.theoutputperworkerofwidgetsascomparedtotheoutputof

someotherproductishigherinthatcountry.

E.BothBandC.

4.Inordertoknowwhetheracountryhasacomparativeadvantageinthe

productionofoneparticularproductweneedinformationonatleast

unitlaborrequirements

A.one

B.two

C.three

D.four

E.five

5.Acountryengagingintradeaccordingtotheprinciplesofcomparative

advantagegainsfromtradebecauseit

A.isproducingexportsindirectlymoreefficientlythanitcould

alternatively.

B.isproducingimportsindirectlymoreefficientlythanitcould

domestically.

C.isproducingexportsusingfewerlaborunits.

D.isproducingimportsindirectlyusingfewerlaborunits.

E.Noneoftheabove.

6.Giventhefollowinginformation:

UnitLaborRequiieinents

ClothWidgets

Home1020

Foreign6030

A.Neithercountryhasacomparativeadvantage.

B.Homehasacomparativeadvantageincloth.

C.Foreignhasacomparativeadvantageincloth.

D.Homehasacomparativeadvantageinwidgets.

E.Homehasacomparativeadvantageinbothproducts.

7.IfitisascertainedthatForeignusesprison-slavelabortoproduceits

exports,thenhomeshould

A.exportcloth.

B.exportwidgets.

C.exportbothandimportnothing.

D.exportandimportnothing.

E.Alloftheabove.

8.IftheHomeeconomysufferedameltdown,andtheUnitLabor

Requirementsineachoftheproductsquadrupled(thatis,doubledto30

forclothand60forwidgets)thenhomeshould

A.exportcloth.

B.exportwidgets.

C.exportbothandimportnothing.

D.exportandimportnothing.

E.Alloftheabove.

9.IfwagesweretodoubleinHome,thenHomeshould:

A.exportcloth.

B.exportwidgets.

C.exportbothandimportnothing.

D.exportandimportnothing.

E.Alloftheabove.

10.Iftheworldequilibriumpriceofwidgetswere4Cloths,then

A.bothcountriescouldbenefitfromtradewitheachother.

B.neithercountrycouldbenefitfromtradewitheachother.

C.eachcountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

D.neithercountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

E.bothcountrieswillwanttospecializeincloth.

11.Giventhefollowinginformation:

NumberofUnitsProducedbyoneUnitofLabor

ClothWidgets

Home1()20

Foreign603()

A.Neithercountryhasacomparativeadvantage.

B.Homehasacomparativeadvantageincloth.

C.Foreignhasacomparativeadvantageincloth.

D.Foreignhasacomparativeadvantageinwidgets.

E.Homehasacomparativeadvantageinbothproducts.

12.TheopportunitycostofclothintermsofwidgetsinForeignisifitis

ascertainedthatForeignusesprison-slavelabortoproduceitsexports,

thenhomeshould

A.exportcloth.

B.exportwidgets.

C.exportbothandimportnothing.

D.exportandimportnothing.

E.Alloftheabove.

13.IfwagesweretodoubleinHome,thenHomeshould

A.exportcloth.

B.exportwidgets.

C.exportbothandimportnothing.

D.exportandimportnothing.

E.Alloftheabove.

14.Iftheworldequilibriumpriceofwidgetswere4Cloths,then

A.bothcountriescouldbenefitfromtradewitheachother.

B.neithercountrycouldbenefitfromtradewitheachother.

C.eachcountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

D.neithercountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

E.bothcountrieswillwanttospecializeincloth.

15.Iftheworldequilibriumpriceofwidgetswere40cloths,then

A.bothcountriescouldbenefitfromtradewitheachother.

B.neithercountrycouldbenefitfromtradewitheachother.

C.eachcountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

D.neithercountrywillwanttoexportthegoodinwhichitenjoys

comparativeadvantage.

E.bothcountrieswillwanttospecializeincloth.

16.Inatwoproducttwocountryworld,internationaltradecanleadto

increasesin

A.consumerwelfareonlyifoutputofbothproductsisincreased.

B.outputofbothproductsandconsumerwelfareinbothcountries.

C.totalproductionofbothproductsbutnotconsumerwelfarein

bothcountries

D.consumerwelfareinbothcountriesbutnottotalproductionof

bothproducts.

E.Noneoftheabove.

17.Asaresultoftrade,specializationintheRicardianmodeltendstobe

A.completewithconstantcostsandwithincreasingcosts.

B.completewithconstantcostsandincompletewithincreasingcosts.

C.incompletewithconstantcostsandcompletewithincreasingcosts.

D.incompletewithconstantcostsandincompletewithincreasing

costs.

E.Noneoftheabove.

18.AnationengagingintradeaccordingtotheRicardianmodelwillfindits

consumptionbundle

A.insideitsproductionpossibilitiesfrontier.

R.onitsproductionpossibilitiesfrontier.

C.outsideitsproductionpossibilitiesfrontier.

D.insideitstrade-partner'sproductionpossibilitiesfrontier.

E.onitstrade-partner'sproductionpossibilitiesfrontier.

19.IntheRicardianmodel,ifacountry'stradeisrestricted,thiswillcauseall

exceptwhich?

A.Limitspecializationandthedivisionoflabor.

B.Reducethevolumeoftradeandthegainsfromtrade

C.Causenationstoproduceinsidetheirproductionpossibilities

curves

D.Mayresultinacountryproducingsomeoftheproductofits

comparativedisadvantage

E.Noneoftheabove.

20.Ifaverysmallcountrytradeswithaverylargecountryaccordingtothe

Ricardianmodelthen

A.thesmallcountrywillsufferadecreaseineconomicwelfare.

B.thelargecountrywillsufferadecreaseineconomicwelfare.

C.thesmallcountrywillenjoygainsfromtrade.

D.thelargecountrywillenjoygainsfromtrade.

E.Noneoftheabove.

21.Iftheworldtermsoftradeforacountryaresomewherebetweenthe

domesticcostratioofHandthatofF,then

A.countryHbutnotcountiyFwillgainfromtrade.

B.countryHandcountryFwillbothgainfromtrade.

C.neithercountryHnorFwillgainfromtrade.

D.onlythecountrywhosegovernmentsubsidizesitsexportswill

gain.

E.Noneoftheabove.

22.IftheworldtermsoftradeequalthoseofcountryF,then

A.countryHbutnotcountryFwillgainfromtrade.

B.countryHandcountryFwillbothgainfromtrade.

C.neithercountryHnorFwillgainfromtrade.

D.onlythecountrywhosegovernmentsubsidizesitsexportswill

gain.

E.Noneoftheabove.

23.Iftheworldtermsoftradeequaltlioseofcountry,Fthen

A.countryHbutnotcountryFwillgainfromtrade.

B.countryHandcountryFwillbothgainfromtrade.

C.neithercountryHnorFwillgainfromtrade.

D.onlythecountrywhosegovernmentsubsidizesitsexportswill

gain.

E.Noneoftheabove.

24.Ifaproductionpossibilitiesfrontierisbowedout(concavetotheorigin),

thenproductionoccursunderconditionsof

A.constantopportunitycosts.

B.increasingopportunitycosts.

C.decreasingopportunitycosts.

D.infiniteopportunitycosts.

E.Noneoftheabove.

25.Iftwocountrieshaveidenticalproductionpossibilityfrontiers,thentrade

betweenthemisnotlikelyif

A.theirsupplycurvesareidentical.

B.theircostfunctionsareidentical.

C.theirdemandconditionsidentical.

D.theirincomesareidentical.

E.Noneoftheabove.

26.Iftwocountrieshaveidenticalproductionpossibilityfrontiers,thentrade

betweenthemisnotlikelyif

A.theirsupplycurvesareidentical.

B.theircostfunctionsareidentical.

C.theirdemandfunctionsdiffer.

D.theirincomesareidentical.

E.Noneoftheabove.

27.Theearlieststatementoftheprincipleofcomparativeadvantageis

associatedwith

A.DavidHume.

B.DavidRicardo.

C.AdamSmith.

D.EliHeckscher.

E.BertilOhlin.

28.Ifonecountry'swagelevelisveryhighrelativetotheother's(the

relativewageexceedingtherelativeproductivityratios),theniftheyboth

usethesamecurrency

A.neithercountryhasacomparativeadvantage.

B.onlythelowwagecountryhasacomparativeadvantage.

C.onlythehighwagecountryhasacomparativeadvantage.

D.consumerswillstillfindtradeworthwhilefromtheirperspective.

E.Noneoftheabove.

29.Ifonecountry'swagelevelisveryhighrelativetotheothefs(therelative

wageexceedingdierelativepioductivityratios),then

A.itisnotpossiblethatproducersineachwillfindexportmarkets

profitable.

B.itisnotpossiblethatconsumersinbothcountrieswillenhance

theirrespectivewelfaresthroughimports.

C.itisnotpossiblethatbothcountrieswillfindgainsfromtrade.

D.itispossiblethatbothwillenjoytheconventionalgainsfrom

trade.

E.Noneoftheabove.

3().TheRicardianmodelisbasedonallofthefollowingexcept

A.onlytwonationsandtwoproducts.

B.nodiminishingreturns.

C.laboristheonlyfactorofproduction.

D.productqualityvariesamongnations.

E.Noneoftheabove.

31.Ricardo'soriginaltheoryofcomparativeadvantageseemedoflimited

real-worldvaluebecauseitwasfoundedonthe

A.labortheoryofvalue.

B.capitaltlieoryofvalue.

C.landtheoryofvalue.

D.entrepreneurtheoryofvalue.

E.Noneoftheabove.

32.AccordingtoRicardo,acountrywillhaveacomparativeadvantageinthe

productinwhichits

A.laborproductivityisrelativelylow.

B.laborproductivityisrelativelyhigh.

C.labormobilityisrelativelylow.

D.labormobilityisrelativelyhigh.

E.Noneoftheabove.

33.Inatwo-country,two-productworld,thestatement"Germanyenjoysa

comparativeadvantageoverFranceinautosrelativetoships"is

equivalentto

A.FrancehavingacomparativeadvantageoverGermanyinships.

B.FrancehavingacomparativedisadvantagecomparedtoGermany

inautosandships.

C.GermanyhavingacomparativeadvantageoverFranceinautos

andships.

D.FrancehavingnocomparativeadvantageoverGermany.

E.Noneoftheabove.

34.Assumethatlaboristheonlyfactorofproductionandthatwagesinthe

UnitedStatesequal$20perhourwhilewagesinJapanare$1()perhour.

ProductioncostswouldbelowerintheUnitedStatesascomparedto

Japanif

A.U.S.laborproductivityequaled40unitsperhourandJapan's15

unitspeihour.

B.U.S.productivityequaled30unitsperhourwhereasJapan'swas

20.

C.U.S.laborproductivityequaled20andJapan's30.

D.U.S.laborproductivityequaled15andJapan's25unitsperhour.

E.Noneoftheabove.

35.IftheUnitedStates'productionpossibilityfrontierwasflattertothe

widgetaxis,whereasGermany'swasflattertothebutteraxis,weknow

that

A.theUnitedStateshasnocomparativeadvantage

B.Germanyhasacomparativeadvantageinbutter.

C.theU.S.hasacomparativeadvantageinbutter.

D.Notenoughinformationisgiven.

E.Noneoftheabove.

36.SupposetheUnitedStates*productionpossibilityfrontierwasflatterto

thewidgetaxis,whereasGermany'swasflattertothebutteraxis.We

nowlearnthattheGermanmarkissharplydepreciatedagainsttheU.S.

dollar.Wenowknowthat

A.theUnitedStateshasnocomparativeadvantage

B.Germanyhasacomparativeadvantageinbutter.

C.theUnitedStateshasacomparativeadvantageinbutter.

D.Notenoughinformationisgiven.

E.Noneoftheabove.

37.SupposetheUnitedStates*productionpossibilityfrontierwasflatterto

thewidgetaxis,whereasGermany'swasflattertothebutteraxis.We

nowlearnthattheGermanwagedoubles,butU.S.wagesdonotchange

atall.Wenowknowthat

A.theUnitedStateshasnocomparativeadvantage.

B.Germanyhasacomparativeadvantageinbutter.

C.theUnitedStateshasacomparativeadvantageinbutter.

D.Notenoughinformationisgiven.

E.Noneoftheabove.

EssayQuestions

1.ManycountriesinSub-SaharanAfricahaveverylowlaborproductivities

inmanysectors,inmanufacturingandagriculture.Theyoftendespairof

eventryingtoattempttobuildtheirindustriesunlessitisdoneinan

autarkiccontext,behindprotectionistwallsbecausetheydonotbelieve

theycancompetewithmoreproductiveindustriesabroad.Discussthis

issueinthecontextoftheRicardianmodelofcomparativeadvantage.

2.In1975,wagelevelsinSouthKoreawereroughly5%ofthoseinthe

UnitedStates.ItisobviousthatiftheUnitedStateshadallowedKorean

goodstobefreelyimportedintotheUnitedStatesatthattime,thiswould

havecauseddevastationtothestandardoflivingintheUnited

States.,becausenoproducerinthiscountrycouldpossiblycompetewith

suchlowwages.DiscussthisassertioninthecontextoftheRicardian

modelofcomparativeadvantage.

3.TheevidencecitedinthechapterusingtheexamplesoftheEastAsia

NewIndustrializingCountriessuggeststhatasinternational

productivitiesconverge,sodointernationalwagelevels.Whydoyou

supposethishappenedfortheEastAsianNICs?Inlightofyouranswer,

whatdoyouthinkislikelytohappentotherelativewages(relativeto

thoseintheUnitedStates)ofChinainthecomingdecade?Explainyour

reasoning.

4.Whenweexaminethe2Good2CountryversionoftheRicardianmodel

ofcomparativeadvantage,wenotethatcomparativeadvantageistotally

determinedbyphysicalproductivityratios.Changesinwageratesin

eithercountrycannotaffectthesephysicallydeterminedcomparative

advantages,andhencecannotaffect,whichproductwillbeexportedby

whichcountry.However,whenmorethan2goodsareaddedtothe

model(stillwith2countries),changesinwageratesinoneortheother

countrycaninfactdeterminewhichgoodorgoodseachofthecountries

willexport.Howcanyouexplainthisanomaly?

5.AnexaminationoftheRicardianmodelofcomparativeadvantageyields

theclearresultthattradeis(potentially)beneficialforeachofthetwo

tradingpartnerssinceitallowsforanexpandedconsumptionchoicefor

each.However,fortheworldasawholetheexpansionofproductionof

oneproductmustinvolveadecreaseintheavailabilityoftheother,so

thatitisnotclearthattradeisbetterfortheworldasawholeas

comparedtoaninitialsituationofnon-trade(butefficientproductionin

eachcountry).Arethereinfactgainsfromtradefortheworldasawhole?

Explain.

Quantitative/GraphingProblems

1.Giventhefollowinginformation:

UnitLaborRequirements

ClothWidgets

Home100200

Foreign6030

WhatistheopportunitycostofClothintermsofWidgetsinForeign?

2.Giventhefollowinginformation:

UnitLaborRequirements

ClothWidgets

Home100200

Foreign6030

Ifthesetwocountriestradethesetwogoodsinthecontextofthe

Ricardianmodelofcomparativeadvantage,thenwhatisthelowerlimit

oftheworldequilibriumpriceofwidgets?

3.Giventhefollowinginformation:

UnitLaborRequirements

ClothWidgets

Home100200

Foreign6030

Ifthesetwocountriestradethesetwogoodswitheachotherinaccording

totheRicardianmodelofcomparativeadvantage,whatisthelowerlimit

forthepriceofcloth?

4.Giventhefollowinginformation:

UnitsProducedbyOneWorker/Hour

ClothWidgets

Home10()200

Foreign6030

WhatistheopportunitycostofclothintermsofWwdgetsinForeign?

5.Giventhefollowinginformation:

UnitsProducedbyOneWorker/Hour

ClothWidgets

Home100200

Foreign6030

Ifthesetwocountriestradethesetwogoodswitheachotherinthe

followingtheRicardianmodelofcomparativeadvantage,thenwhatis

thelowerlimitfortheworldequilibriumpriceofcloth?

1.Homehas1200unitsoflaboravailable.Itcanproducetwogoods,applesandbananas.The

unitlaborrequirementinappleproductionis3,whileinbananaproductionitis2.

a.GraphHome'sproductionpossibilityfrontier.

b.Whatistheopportunitycostofapplesintermsofbananas?

c.Intheabsenceoftrade,whatwouldthepriceofapplesintermsofbananasbe?Why?

2.Homeisasdescribedinproblem1.Thereisnowalsoanothercountry,Foreign,withalabor

forceof800.Foreign'sunitlaborrequirementinappleproductionis5,whileinbanana

productionitis1.

a.GraphForeign'sproductionpossibilityfrontier.

b.Constructtheworldrelativesupplycurve.

3.Nowsupposeworldrelativedemandtakesthefollowingform:Demandforapples/demand

forbananas=priceofbananas/priceofapples

a.Graphtherelativedemandcurvealongwiththerelativesupplycurve.

b.Whatistheequilibriumrelativepriceofapples?

c.Describethepatternoftrade.

d.ShowthatbothHomeandForeigngainfromtrade.

4.Supposethatinsteadof1200workers,Homehad2400.Findtheequilibriumrelativeprice.

Whatcanyousayabouttheefficiencyofworldproductionandthedivisionofthegainsfrom

tradebetweenHomeandForeigninthiscase?

5.SupposethatHomehas2400workers,buttheyareonlyhalfasproductiveinbothindustriesas

wehavebeenassuming.Constructtheworldrelativesupplycurveanddeterminetheequilibrium

relativeprice.Howdothegainsfromtradecomparewith(hoseinthecasedescribedinproblem

4?

6.“KoreanworkersearnonlyS2.50anhour;ifweallowKoreatoexportasmuchasitlikesto

theUnitedStates,ourworkerswillbeforceddowntothesamelevel.Youcan'timporta$5shirt

withoutimportingthe$2.50wagethatgoeswithit."Discuss.

7.請(qǐng)對(duì)以下觀點(diǎn)加以評(píng)價(jià):

(1)只有當(dāng)一個(gè)國(guó)家的生產(chǎn)率到達(dá)足以在國(guó)際競(jìng)爭(zhēng)中立足的水平時(shí),它才能從自由貿(mào)易

中獲益;

(2)加果來自外國(guó)的競(jìng)爭(zhēng)是建立在低工資的根底上,那么這種競(jìng)爭(zhēng)是不公平的,而且會(huì)

損害其他參與競(jìng)爭(zhēng)的國(guó)家;

(3)如果一個(gè)國(guó)家的工人比其他國(guó)家工人的工資低,那么貿(mào)易就會(huì)使這個(gè)國(guó)家受到剝削

并使福利惡化。

8.用標(biāo)準(zhǔn)的李嘉圖假設(shè),分析如下模型:

表1單位產(chǎn)品勞動(dòng)投入

奶酪葡萄酒

本國(guó)a,r=10小時(shí)7磅a,.?=15小時(shí)/加侖

外國(guó)&.C*二4小時(shí)/磅aL?*=10小時(shí)/加侖

假設(shè)本國(guó)共擁有3000萬工時(shí)的勞動(dòng)量,而外國(guó)共有2000萬工時(shí)的勞動(dòng)量。

a.哪個(gè)國(guó)家在葡萄酒的生產(chǎn)上具有絕對(duì)優(yōu)勢(shì)?哪個(gè)國(guó)家在奶酪的生產(chǎn)上具有絕對(duì)優(yōu)勢(shì)?

b.哪個(gè)國(guó)家在葡萄酒的生產(chǎn)上具有比擬優(yōu)勢(shì)?哪個(gè)國(guó)家在奶酪的生產(chǎn)上具有比擬優(yōu)勢(shì)?

c.在開放貿(mào)易后,兩個(gè)國(guó)家各出口何種商品?如果均衡國(guó)際價(jià)格比率是每磅奶酪1/2

瓶葡萄酒,各國(guó)的生產(chǎn)會(huì)發(fā)生什么變化?

9.實(shí)際工資的含義是每小時(shí)勞動(dòng)的報(bào)酬所具有的購置力。用每種產(chǎn)品表示,就是指一個(gè)

工人用他1小時(shí)勞動(dòng)的報(bào)酬所能買到的該產(chǎn)品的單位數(shù)量。在李嘉圖模型中,對(duì)于某工人

所生產(chǎn)的任何產(chǎn)品來說,他只是根據(jù)其勞動(dòng)生產(chǎn)率得到報(bào)酬,這就是他的以這種產(chǎn)品表示

的實(shí)際工資。請(qǐng)結(jié)合以下表格答復(fù)以下問題。

表2單位產(chǎn)品勞動(dòng)投入

奶酪葡萄酒

本國(guó)&C二1小時(shí)/磅ax2小時(shí)/加侖

外國(guó)aic*=6小時(shí)/磅演下*=3小時(shí)/加侖

a.在無貿(mào)易條件下,本國(guó)用各種商品表示的勞動(dòng)的實(shí)際工資分別是多少?外國(guó)呢?哪個(gè)

國(guó)家勞動(dòng)的實(shí)際工資更高?

b.假定在自由貿(mào)易條件下,均衡的價(jià)格比率為1,本國(guó)用奶酪表示的實(shí)際工資是多少?

國(guó)際貿(mào)易后,本國(guó)用葡萄酒表示的新的實(shí)際工資是多少?這說明本國(guó)的貿(mào)易收益狀況

如何?外國(guó)用葡萄酒表示的實(shí)際工資是多少?國(guó)際貿(mào)易后,外國(guó)用奶酪表示的新的實(shí)

際工資是多少?這說明外國(guó)的貿(mào)易收益狀況如何?

c.在自由貿(mào)易情況下,哪個(gè)國(guó)家勞動(dòng)的實(shí)際工資比擬高?絕對(duì)優(yōu)勢(shì)的重要性表達(dá)在何

處?

10.我們重點(diǎn)討論了只包含兩個(gè)國(guó)家的例子。假定有許多國(guó)家能生產(chǎn)兩種產(chǎn)品,每個(gè)國(guó)家

都只有一種生產(chǎn)要素:勞動(dòng)。在這種情況下,貿(mào)易模式和生產(chǎn)模式會(huì)怎樣(提示:畫出世

界相對(duì)供給曲線)?

11.在李嘉圖模型中,如果A國(guó)在兩種產(chǎn)品上都具有絕對(duì)優(yōu)勢(shì),那么貿(mào)易后A國(guó)的名義工

資水平肯定高于B國(guó)。這句話對(duì)嗎?請(qǐng)?jiān)u論。

12.假設(shè)某一國(guó)家擁有20000萬單位的勞動(dòng),才、V產(chǎn)品的單位產(chǎn)出所要求的勞動(dòng)投入分

別為5個(gè)單位和4個(gè)單位,試確定生產(chǎn)可能性邊界方程。如果1的國(guó)際相對(duì)價(jià)格為

2,該國(guó)的進(jìn)口數(shù)量為2000個(gè)單位,試確定該國(guó)的出口量,并在圖中畫出貿(mào)易三角形。

13.如果兩國(guó)各在某一商品上具有絕對(duì)優(yōu)勢(shì),那么兩國(guó)在相應(yīng)的商品上也必然具有比擬優(yōu)

勢(shì),這句話對(duì)嗎?請(qǐng)?jiān)u論。

Chapter5:SpecificFactorsandIncomeDistribution

MultipleChoiceQuestions

1.Internationaltradehasstrongeffectsonincomedistributions.Therefore,

internationaltrade

A.isbeneficialtoeveryoneinbothtradingcountries.

B.willtendtohurtonetradingcountry.

C.willtendtohurtsomegroupsineachtradingcountry.

D.willtendtohurteveryoneinbothcountries.

E.willbebeneficialtoallthoseengagedininternationaltrade.

2.Factorstendtobespecifictocertainusesandproducts

A.incountrieslackingcomparativeadvantage.

B.intheshortrun.

C.incapital-intensiveindustries.

D.inlabor-intensiveindustries.

E.incountrieslackingfairlaborlaws.

3.InaneconomydescribedbytheSpecificFactorsModel,theproduction

possibilityfrontierwillbe

A.linear.

B.concavetotheorigin.

C.convextotheorigin.

D.parabolicwithoneroot.

E.collapsedtoapoint.

4.Atthepointofproduction,theproductionpossibilityfrontierwillbe

tangentto

A.theorigin.

B.alinewhoseslopeistherelativequalityofthetwogoods.

C.alinewhoseslopeistherelativequantityofthetwogoods.

D.alinewhoseslopeistherelativepriceofthetwogoods.

E.Noneoftheabove.

5.Ifthepriceofthecapitalintensiveproductrisesmorethandoestheprice

ofthelandintensiveproduct,then

A.demandwillshiftawayfromthecapital-intensiveproduct,andits

productionwilldecrease.

B.demandwillshiftawayfromthecapital-intensiveproduct,andits

productionwilldecreaserelativetothatofthelandintensive

product.

C.theproductionofthecapital-intensiveproductwillindeed

decrease,butnotforthereasonsmentionedinAorB.

D.thecountriesexportingthecapital-intensivegoodwillloseits

comparativeadvantage.

E.Noneoftheabove.

6.Ifthepriceofthecapitalintensiveproductrises,wageswill

A.risebutbylessthanthepriceofthecapital-intensiveproduct.

B.risebymorethantheriseinthepriceofthecapital-intensive

product.

C.remainproportionallyequaltothepriceofthecapital-intensive

product.

D.fall,sincehiglierpricescauselessdemand.

E.Noneoftheabove.

7.IfAustraliahasrelativelymorelandperworker,andBelgiumhas

relativelymorecapitalperworker,theniftradeweretoopenupbetween

thesetwocountries,

A.therelativepriceofthecapital-intensiveproductwouldrisein

Australia.

B.theworldpriceoftheland-intensiveproductwouldbehigherthan

ithadbeeninBelgium.

C.theworldpriceofthelandintensiveproductwouldhehigherthan

ithadbeeninAustralia.

D.therelativepriceofthelandintensiveproductwouldrisein

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