国际经济学作业复习资料第四章.docx

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1、Chapter 4 Resources and Trade: The Heckscher-Ohlin ModelnMultiple Choice Questions1.In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would(a)move the point of production along the production possibility curve.(b)shift the production possibility curve outward

2、, and increase the production of both goods.(c)shift the production possibility curve outward and decrease the production of the labor-intensive product.(d)shift the production possibility curve outward and decrease the production of the capital-intensive product.(e)None of the above.Answer: D2.In t

3、he 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in(a)tastes.(b)military capabilities.(c)size.(d)relative availabilities of factors of production.(e)labor productivities.Answer: D3.In the 2-factor, 2 good Heckscher-Ohlin model, a change from autarky (no trade) to trade will benefi

4、t the owners of(a)capital.(b)the relatively abundant factor of production.(c)the relatively scarce factor of production.(d)the relatively inelastic factor of production.(e)the factor of production with the largest elasticity of substitution.Answer: B4.In the 2-factor, 2 good Heckscher-Ohlin model, a

5、 change from autarky (no trade) to trade(a)will tend to make the wages in both countries more similar.(b)will equalize the wages in both countries.(c)will tend to make the wages in both countries less similar.(d)will tend to make wages equal to returns to capital.(e)will tend to make rents equal to

6、interest rates.Answer: A5.The Leontieff Paradox(a)supported the validity of the Ricardian theory of comparative advantage.(b)supported the validity of the Heckscher-Ohlin model.(c)failed to support the validity of the Ricardian theory.(d)failed to support the validity of the Heckscher-Ohlin model.(e

7、)proved that the U.S. economy is different from all others.Answer: D6.The Leontieff Paradox(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

8、.S. produces outside its Edgeworth Box.(d)still accurately applies to todays pattern of U.S. international trade.(e)refers to the fact that Leontieffan American economisthad a Russian name.Answer: A7.The 1987 study by Bowen, Leamer and Sveikauskas(a)supported the validity of the Leontieff Paradox.(b

9、)supported the validity of the Heckscher-Ohlin model.(c)used a two-country and two-product framework.(d)demonstrated that in fact countries tend to use different technologies.(e)proved that the U.S.s comparative advantage relied on skilled labor.Answer: A8.Empirical observations on actual North-Sout

10、h trade patterns tend to(a)support the validity of the Leontieff Paradox.(b)support the validity of the Heckscher-Ohlin model.(c)support the validity of the Rybczynski Theorem.(d)support the validity of the wage equalization theorem.(e)support the validity of the neo-imperialism exploitation theory.

11、Answer: B9.The Case of the Missing Trade refers to(a)the 9th volume of the Hardy Boys 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 Heckscher-Ohlin theory.(d)the fact that the Heckscher Ohlin theory predicts muc

12、h less volume of trade than actually exists.(e)None of the above.Answer: C10.If the Unted States had relatively more capital per worker than Mexico, and if the Leontieff Paradox applied to this trade, then a successful expansion of trade under NAFTA between Mexico and the United States would tend to

13、 benefit which group in the United States?(a)Environmentalists(b)Capitalists(c)Workers(d)Land owners(e)Skilled labor with relatively high levels of human capitalAnswer: C11.According to the Heckscher-Ohlin model, the source of comparative advantage is a countrys(a)technology.(b)advertising.(c)human

14、capital.(d)factor endowments.(e)Both (a) and (b).Answer: D12.The Hechscher-Ohlin model states that a country will have a comparative advantage in the good or service whose production is relatively intensive in the _ with which the country is relatively abundant.(a)tastes(b)technology(c)factor of pro

15、duction(d)opportunity cost(e)scale economyAnswer: C13.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.(a)factor of production endowments(b)scale economies(c)factor of production intensities(d

16、)technology(e)opportunity costsAnswer: D14.According to the Hecksher-Ohlin model,(a)everyone automatically gains from trade(b)the scarce factor necessarily gains from trade(c)the gainers could compensate the losers and still retain gains.(d)a country gains if its exports have a high value added.(e)N

17、one of the above.Answer: C15.The Heckscher-Ohlin model assumes that _ are identical in all trading countries(a)tastes(b)technologies(c)factor endowments(d)Both (a) and (b).(e)None of the above.Answer: B16.As opposed to the Ricardian model of comparative advantage, the assumption of diminishing retur

18、ns in the Heckscher-Ohlin model means that the probability is greater that with trade(a)countries will not be fully specialized in one product.(b)countries will benefit from free international trade.(c)countries will consume outside their production possibility frontier.(d)comparative advantage is p

19、rimarily supply related.(e)None of the above.Answer: A17.Starting from an autarky (no-trade) situation with Heckscher-Ohlin model, if Country H is relatively labor abundant, then once trade begins(a)wages and rents should rise in H(b)wages and rents should fall in H(c)wages should rise and rents sho

20、uld fall in H.(d)wages should fall and rents should rise in H.(e)None of the above.Answer: C18.Which of the following is false (for the Heckscher-Ohlin model)?(a)If tastes are not identical in both countries, wages may still equalize.(b)Differences in technologies could be the source of gains from t

21、rade.(c)Some groups may gain and some may lose due to trade.(d)Gains for the trade-related winners will tend to be larger than losses of losers.(e)None of the above.Answer: B19.If tastes differed between countries, this could affect(a)wage equalization due to trade with no specialization.(b)the dire

22、ction of trade (who exports what to whom).(c)the fact that some groups in a country might lose welfare due to trade.(d)the fact that the country as a whole will gain from trade.(e)None of the above.Answer: B20.Suppose that there are two factors, capital and land, and that the United States is relati

23、vely land endowed while the European Union is relatively capital-endowed. According to the Heckscher-Ohlin model,(a)European landowners should support U.S.-European free trade.(b)European capitalists should support U.S.-European free trade.(c)all capitalists in both countries should support free tra

24、de.(d)all landowners should support free trade.(e)None of the above.Answer: B21.According to the Heckscher-Ohlin model, if the United States is richly endowed in human-capital relative to Mexico, then as NAFTA increasingly leads to more bilateral free trade between the two countries,(a)the United St

25、ates 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 U.S. workers will be drawn down to Mexican levels.(d)The wages of highly skilled Mexican workers will rise to those in the United

26、States.(e)The wages of highly skilled Mexican workers will fall to those in the United States.Answer: E22.Assume that only two countries, A and B, exist.Consider the following data:CountriesFactor EndowmentsABLabor Force4520Capital Stock1510If good S is capital intensive, then following the Hecksche

27、r-Ohlin Theory,(a)country A will export good S.(b)country B will export good S.(c)both countries will export good S.(d)trade will not occur between these two countries.(e)Insufficient information is given.Answer: B23.Continuing from Question #22, if you are told that Country B is very much richer th

28、an Country A, then the correct answer is:(a)country A will export good S.(b)country B will export good S.(c)both countries will export good S.(d)trade will not occur between these two countries.(e)insufficient information is given.Answer: B24.Continuing from Question #22, you are told that Country B

29、 is very much larger than country A. The correct answer is:(a)country A will export good S.(b)country B will export good S.(c)both countries will export good S.(d)trade will not occur between these two countries.(e)insufficient information is given.Answer: B25.Continuing from Question #22, you are t

30、old that Country B has no minimum wage or child labor laws. Now the correct answer is:(a)country A will export good S.(b)country B will export good S.(c)both countries will export good S.(d)trade will not occur between these two countries.(e)Insufficient information is given.Answer: B26.Continuing f

31、rom Question #22, you now are told that the labor unions representing the workers in each of the two respective countries are considering lobbying against the opening of international trade between these two countries. Note that workers income is derived solely from wages.(a)This would be a misguide

32、d decision from the viewpoint of the workers in both countries, since trade is always better than autarky.(b)This would be a good decision from the viewpoint of workers in Country A since international trade helps the capitalists and hurts the workers.(c)This would be a good decision from the viewpo

33、int of workers in Country B since international trade helps the owners of capital and hurts the workers.(d)This would be a good decision for both unions since trade hurts workers wherever they live.(e)None of the above.Answer: C27.We are now told that the information given us in Question #22 was not

34、 exactly accurate, and that in fact S is relatively capital intensive only when relative wages are high, but becomes relatively labor intensive when relative wages are low. Given this information:(a)country A will export good S.(b)country B will export good S.(c)both countries will export good S.(d)

35、trade will not occur between these two countries.(e)Insufficient information is given.Answer: E28.The following are all assumptions that must be accepted in order to apply the Heckscher-Ohlin Theory, except for one:(a)countries differ in their endowments of factors of production.(b)countries differ

36、in their technologies.(c)there are two factors of production.(d)production is subject to constant returns to scale.(e)one product always requires more machines per worker in its production than does the other product.Answer: B29.In international-trade equilibrium in the Heckscher-Ohlin model,(a)the

37、capital rich country will charge less for the capital intensive good than the price paid by the capital poor country for the capital-intensive good.(b)the capital rich country will charge the same price for the capital intensive good as that paid for it by the capital poor country.(c)the capital ric

38、h country will charge more for the capital intensive good than the price paid by the capital poor country for the capital-intensive good.(d)the workers in the capital rich country will earn more than those in the poor country.(e)the workers in the capital rich country will earn less than those in th

39、e poor country.Answer: B30.If two countries were very different in their relative factor availabilities, then we would not expect which of the following to be empirically supported?(a)The Heckscher-Ohlin Theorem(b)The Factor Price Equalization Theorem.(c)The Law of One Price(d)The Law of Demand(e)No

40、ne of the above.Answer: B31.When Country A produces both goods more efficiently than Country B, then(a)country A should produce both goods and not trade.(b)country A should specialize in its good of least absolute disadvantage.(c)both countries would benefit from autarky.(d)both countries may not be

41、nefit from trade.(e)None of the above.Answer: E32.The minimum information required to determine Country As comparative advantage is(a)the number of hours of labor in the economy of A.(b)ratio of labor inputs for products S and T in A.(c)total available labor, labor required per unit of S, and labor

42、required per unit of T in A.(d)total available labor and the ratio of labor inputs for S and T in A.(e)None of the above.Answer: E33.The slope of a countrys PPF reflects(a)the opportunity cost of product S in terms of product T.(b)the opportunity cost of T in terms of money prices.(c)the opportunity

43、 cost of S or T in terms of S.(d)Both (a) and (b).(e)Both (a) and (c).Answer: A34.The Heckscher-Ohlin model predicts all of the following except:(a)which country will export which product.(b)which factor of production within each country will gain from trade.(c)the volume of trade.(d)that wages will

44、 tend to become equal in both trading countries.(e)None of the above.Answer: C35.The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former(a)has only two countries.(b)has only two products.(c)has two factors of production.(d)has two production possibility

45、 frontiers (one for each country).(e)None of the above.Answer: C36.International trade has strong effects on income distributions. Therefore, international trade(a)is beneficial to everyone in both trading countries.(b)will tend to hurt one trading country.(c)will tend to hurt some groups in each tr

46、ading country.(d)will tend to hurt everyone in both countries.(e)will be beneficial to all those engaged in international trade.Answer: C37.Factors tend to be specific to certain uses and products(a)in countries lacking comparative advantage.(b)in the short run.(c)in capital-intensive industries.(d)

47、in labor-intensive industries.(e)in countries lacking fair labor laws.Answer: B38.If the price of the capital intensive product rises more than does the price of the land intensive product, then(a)demand will shift away from the capital-intensive product, and its production will decrease.(b)demand will shift away from the capital-intensive product, and its production will decrease rela