【文章內(nèi)容簡介】
ity (合法性)of the Leontieff Paradox. B. supported the validity of the HeckscherOhlin model.C. used a twocountry and twoproduct framework.D. demonstrated that in fact countries tend to use different technologies.E. proved that the .39。s parative advantage relied on skilled labor.Answer: A23. The Case of the Missing Trade refers to(要素貿(mào)易少于HO模型的預(yù)則)A. the 9th volume of the Hardy Boys39。 Mystery series.B. the fact that world exports does not equal world imports.C. the fact that factor trade is less than predicted by the HeckscherOhlin theory.D. the fact that the Heckscher Ohlin theory predicts much less volume of trade than actually exists.E. None of the above.Answer: C24. One way in which the HeckscherOhlin model differs from the Ricardo model of parative advantage is by assuming that __________ is (are) identical in all countries.A. factor of production endowmentsB. scale economiesC. factor of production intensitiesD. technology E. opportunity costsAnswer: D25. As opposed to the Ricardian model of parative advantage, the assumption of diminishing returns(報酬遞減) in the HeckscherOhlin model means that the probability is greater that with tradeA. countries will not be fully specialized in one product.(國家沒有在一個產(chǎn)品上完全專業(yè)化生產(chǎn))B. countries will benefit from free international trade.C. countries will consume outside their production possibility frontier.D. parative advantage is primarily supply related.E. None of the above.Answer: A26. Suppose that there are two factors, capital and land, and that the United States is relatively land endowed while the European Union is relatively capitalendowed. According to the HeckscherOhlin model,A. European landowners should support USEuropean free trade.B. European capitalists should support USEuropean free trade.(歐洲資本家支持歐美自由貿(mào)易)C. all capitalists in both countries should support free trade.D. all landowners should support free trade.E. None of the above.Answer: B27. According to the HeckscherOhlin model, if the United States is richly endowed in humancapital relative to Mexico, then as NAFTA increasingly leads to more bilateral free trade between the two countries,A. the United States will find its industrial base sucked into Mexico.B. Mexico will find its relatively highly skilled workers drawn to the United States.C. The wages of highly skilled . workers will be drawn down to Mexican levels. D. The wages of highly skilled Mexican workers will rise to those in the United States.E. The wages of highly skilled Mexican workers will fall to those in the United States.(墨西哥高技術(shù)工人工資降低到美國同水平)Answer: E28. If two countries were very different in their relative factor availabilities(相對要素豐富程度相差很多), then we would not expect which of the following to be empirically supported?A. The Heckscher Ohlin TheoremB. The Factor Price Equalization Theorem.(要素價格均衡理論)C. The Law of One PriceD. The Law of DemandE. None of the above.Answer: B29. A country cannot produce a mix of products with a higher value than whereA. the isovalue line intersects the production possibility frontier.(等價值線相切生產(chǎn)可能線)B. the isovalue line is tangent to the production possibility frontier. C. the isovalue line is above the production possibility frontier.D. the isovalue line is below the production possibility frontier.E. the isovalue line is tangent with the indifference curve.Answer: B30. If PC / PF were to increase,A. the cloth exporter would increase the quantity of cloth exports.B. the cloth exporter would increase the quantity of cloth produced.(棉布出口商會增加棉布生產(chǎn)的數(shù)量) C. the food exporter would increase the quantity of food exports.D. Both A and C.E. None of the above.Answer: B31. Exportbiased growth in Country H willA. improve the terms of trade of Country H.B. trigger antibias regulations of the WTO.C. worsen the terms of trade of Country F (the trade partner).D. improve the terms of trade of Country F. (改善對手的貿(mào)易條件) E. decrease economic welfare in Country H.Answer: D32. If the poor AID recipient countries have a higher marginal propensity to consume each and every product than does the United States, then such aid willA. worsen the . terms of trade.B. improve the . terms of trade.C. leave the world terms of trade unaffected.D. worsen the terms of trade of both donor and recipient countries.E. None of the above.Answer: B33. If two countries with diminishing returns and different marginal rates of substitution between two products were to engage in trade, thenA. the shapes of their respective production possibility frontiers would change.B. the marginal rates of substitution of both would bee equal. (邊際替代率會趨于均等) C. the larger of the two countries would dominate their trade.D. the country with relatively elastic supplies would export more.E. None of the above.Answer: B34. In the period preceding the recent Financial Crisis in Asia, the South East Asian countries were receiving large inflows of financial capital. Following John Maynard Keynes39。 theory, this should have causedA. a glut in their banking asset situation.B. an improvement in their terms of trade. C. deterioration in their terms of trade.D. a fluctuation upward and then downward in their terms of trade.E. None of the above.Answer: B35. If Slovenia is a small country in world trade terms, then if it imposes a large series of tariffs on many of its imports, this would(小國的關(guān)稅對其貿(mào)易條件無影響)A. have no effect on its terms of trade. B. improve its terms of trade.C. deteriorate its terms of trade.D. decrease its marginal propensity to consume.E. None of the above.Answer: A36. If the United States exports skilledlabor intensive products and services, then we should expect unions representing unskilled labor toA. lobby in favor of tariffs.B. lobby against the imposition of tariffs. C. be indifferent to the issue of tariffs.D. lobby in favor of impro