Question 1

The capital to labor ratios of countries over the last three decades has generally

Accepted Answer

A) risen 
B) fallen 
C) remained relatively unchanged 
D) risen in developed nations and fallen in developing nations 
A) risen 
B) fallen 
C) remained relatively unchanged 
D) risen in developed nations and fallen in developing nations

Question 2

Carefully identify and discuss the conditions which can lead to immiserizing growth.

Accepted Answer

The overall impact of growth depends on

Question 3

Doubling only the amount of L available under constant returns to scale:

Accepted Answer

A) less than doubles the output of the L-intensive commodity 
B) more than doubles the output of the L-intensive commodity 
C) doubles the output of the K-intensive commodity 
D) leaves the output of the K-intensive commodity unchanged 
A) less than doubles the output of the L-intensive commodity 
B) more than doubles the output of the L-intensive commodity 
C) doubles the output of the K-intensive commodity 
D) leaves the output of the K-intensive commodity unchanged

Question 4

A proportionately greater increase in the nation's supply of labor than of capital is likely to result in a deterioration in the nation's terms of trade if the nation exports:

Accepted Answer

A) the K-intensive commodity 
B) the L-intensive commodity 
C) either commodity 
D) both commodities 
A) the K-intensive commodity 
B) the L-intensive commodity 
C) either commodity 
D) both commodities

Question 5

Immiserizing growth is most likely in which of the following cases?

Accepted Answer

A) When the country is small. 
B) When the demand for the nation's export good is inelastic. 
C) In developed countries. 
D) When growth causes the terms of trade to improve. 
A) When the country is small. 
B) When the demand for the nation's export good is inelastic. 
C) In developed countries. 
D) When growth causes the terms of trade to improve.

Question 6

Doubling L with trade in a small L-abundant nation:

Accepted Answer

A) reduces the welfare of representative citizens. 
B) reduces the nation's terms of trade 
C) reduces the volume of trade 
D) reduces national consumption. 
A) reduces the welfare of representative citizens. 
B) reduces the nation's terms of trade 
C) reduces the volume of trade 
D) reduces national consumption.

Question 7

Doubling K with trade in a large L-abundant nation:

Accepted Answer

A) increases the nation's welfare 
B) improves the nation's terms of trade 
C) reduces the volume of trade 
D) all of the above 
A) increases the nation's welfare 
B) improves the nation's terms of trade 
C) reduces the volume of trade 
D) all of the above

Question 8

Doubling L is likely to:

Accepted Answer

A) increases the relative price of the L-intensive commodity 
B) reduces the relative price of the K-intensive commodity 
C) reduces the relative price of the L-intensive commodity 
D) any of the above 
A) increases the relative price of the L-intensive commodity 
B) reduces the relative price of the K-intensive commodity 
C) reduces the relative price of the L-intensive commodity 
D) any of the above

Question 9

What is meant by comparative static analysis?

Accepted Answer

Static analysis holds factor endowments,

Question 10

Dynamic factors in trade theory refer to changes in all of the above except:

Accepted Answer

A) factor endowments 
B) technology 
C) tastes 
D) tariff structure 
A) factor endowments 
B) technology 
C) tastes 
D) tariff structure

The capital to labor ratios of countries over the last three decades has generally

Carefully identify and discuss the conditions which can lead to immiserizing growth.

Doubling only the amount of L available under constant returns to scale:

A proportionately greater increase in the nation's supply of labor than of capital is likely to result in a deterioration in the nation's terms of trade if the nation exports:

Immiserizing growth is most likely in which of the following cases?

Doubling L with trade in a small L-abundant nation:

Doubling K with trade in a large L-abundant nation:

Doubling L is likely to:

What is meant by comparative static analysis?

Dynamic factors in trade theory refer to changes in all of the above except:

Introduction

The Law of Comparative Advantage

The Standard Theory of International Trade

Demand and Supply, offer Curves, and the Terms of Trade

Factor Endowments and the Heckscher-Ohlin Theory

Economies of Scale, imperfect Competition, and International Trade

Economic Growth and International Trade

Nontariff Trade Barriers and the New Protectionism

Economic Integration: Customs Unions and Free Trade Areas

International Trade and Economic Development

International Resource Movements and Multinational Corporations

Balance of Payments

Foreign Exchange Markets and Exchange Rates

Exchange Rate Determination

The Price Adjustment Mechanism With Flexible and Fixed Exchange

The Income Adjustment Mechanism and Synthesis of Automatic

Open-Economy Macroeconomics: Adjustment Policies

Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply

Flexible Versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination

The International Monetary System: Past,present,and Future

Filters

Exam 7: Economic Growth and International Trade

The capital to labor ratios of countries over the last three decades has generally

Carefully identify and discuss the conditions which can lead to immiserizing growth.

Doubling only the amount of L available under constant returns to scale:

A proportionately greater increase in the nation's supply of labor than of capital is likely to result in a deterioration in the nation's terms of trade if the nation exports:

Immiserizing growth is most likely in which of the following cases?

Doubling L with trade in a small L-abundant nation:

Doubling K with trade in a large L-abundant nation:

Doubling L is likely to:

What is meant by comparative static analysis?

Dynamic factors in trade theory refer to changes in all of the above except:

Introduction

The Law of Comparative Advantage

The Standard Theory of International Trade

Demand and Supply, offer Curves, and the Terms of Trade

Factor Endowments and the Heckscher-Ohlin Theory

Economies of Scale, imperfect Competition, and International Trade

Economic Growth and International Trade

Nontariff Trade Barriers and the New Protectionism

Economic Integration: Customs Unions and Free Trade Areas

International Trade and Economic Development

International Resource Movements and Multinational Corporations

Balance of Payments

Foreign Exchange Markets and Exchange Rates

Exchange Rate Determination

The Price Adjustment Mechanism With Flexible and Fixed Exchange

The Income Adjustment Mechanism and Synthesis of Automatic

Open-Economy Macroeconomics: Adjustment Policies

Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply

Flexible Versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination

The International Monetary System: Past,present,and Future

Filters