第四章习题Word格式文档下载.docx

1、E. in countries lacking fair labor laws.3. In an economy described by the Specific Factors Model, the production possibility frontier will beA. linear.B. concave to the origin. C. convex to the origin.D. parabolic with one root.E. collapsed to a point.4. At the point of production, the production po

2、ssibility frontier will be tangent toA. the origin.B. a line whose slope is the relative quality of the two goods.C. a line whose slope is the relative quantity of the two goods.D. a line whose slope is the relative price of the two goods.E. None of the above.5. If the price of the capital intensive

3、 product rises more than does the price of the land intensive product, thenA. 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 relative to that of the land intens

4、ive product.C. the production of the capital-intensive product will indeed decrease, but not for the reasons mentioned in A or B.D. the countries exporting the capital-intensive good will lose its comparative advantage.6. If the price of the capital intensive product rises, wages willA. rise but by

5、less than the price of the capital-intensive product.B. rise by more than the rise in the price of the capital-intensive product.C. remain proportionally equal to the price of the capital-intensive product.D. fall, since higher prices cause less demand.7. If Australia has relatively more land per wo

6、rker, and Belgium has relatively more capital per worker, then if trade were to open up between these two countries,A. the relative price of the capital-intensive product would rise in Australia.B. the world price of the land-intensive product would be higher than it had been in Belgium.C. the world

7、 price of the land intensive product would be higher than it had been in Australia.D. the relative price of the land intensive product would rise in Belgium.8. If Australia has more land per worker, and Belgium has more capital per worker, then if trade were to open up between these two countries,A.

8、 Australia would export the land-intensive product.B. Belgium would import the capital-intensive product.C. Both countries would export some of each product.D. trade would not continue since Belgium is a smaller country.9. If Australia has more land per worker, and Belgium has more capital per worke

9、r, then if trade were to open up between these two countries,A. the real income of capital owners in Australia would rise.B. the real income of labor in Australia would clearly rise.C. the real income of labor in Belgium would clearly rise.D. the real income of landowners in Belgium would fall.E. th

10、e real incomes of capital owners in both countries would rise.10. If trade opens up between the two formerly autarkic countries, Australia and Belgium, thenA. the real income of Australia and of Belgium will increase.B. the real income of Australia but not of Belgium will increase.C. the real income

11、 of neither country will increase.D. the real income of both countries may increase. E. the real income of both countries will increase.11. The marginal product of labor in manufacturing slopes downward because ofA. diseconomies to scale.B. discontinuities in the production function.C. diminishing r

12、eturns. D. gross substitution with the food sector.12. In the Specific Factors model, each of the two sectorsA. employs the same factors used by the other.B. employs different factors than those employed in the other.C. employs a fixed coefficient production function.D. shares one factor of producti

13、on with the other sector. 13. The Specific Factors model assumesA. imperfections in the labor market.B. imperfections in the land market.C. imperfections in the capital market.D. imperfections in the entrepreneurship market.14. At the production point the production possibility frontier is tangent t

14、o a line whose slope isA. the price of manufactures.B. the relative wage.C. he real wage.D. the relative price of manufactures. 15. If the price of manufactures and the price of food increase by 25%, thenA. the economy moves down its aggregate supply curve.B. the economy moves back along its aggrega

15、te demand curve.C. the relative quantities of manufactures and food remain unchanged. D. the relative quantities of products change by 25%.16. If the price of manufactures rises, thenA. the price of food also rises.B. the quantity of food produced falls. C. the quantity of both manufactures and food

16、 falls.D. the purchasing power of labor in terms of food falls.17. In the model described in this chapter, if the price of manufactures rises, thenA. the real income of capital rises. B. the real income of land rises.C. the purchasing power of landowners rises.D. the production of both products fall

17、s.18. If the price of food rises , then the income of capital owners will fall becauseA. capital owners consume only food.B. the real wage in terms of manufactures rises. C. they must pay higher wages to maintain subsistence levels.D. food is an element of organic capital for capitalists.19. If addi

18、tional land were to be brought into cultivation in the Specific Factor model, the output of manufactures would fall because ofA. lower marginal productivity of labor in this sector.B. lower marginal productivity of labor in food production.C. higher marginal productivity of labor in manufacture sect

19、or.D. lower labor input in manufacture sector. 20. If Japan is relatively capital rich and the United States is relatively land rich, then trade between these two, formerly autarkic countries willA. lead to perfect specialization with Japan alone producing manufactures.B. create a world relative pri

20、ce of food that is lower than that of the U.S.C. lower the price of food in both countries.D. raise the price of food in both countries.21. If Japan is the land-rich country, then international trade will clearlyA. raise the real income of all factor owners in that country.B. lower the real income o

21、f workers.C. lower the real income of capital owners.D. lower the real income of landowners.22. The reason trade clearly benefits a country is thatA. it raises the real income of the more productive elements in society.B. it lowers the real income of the less productive elements in society.C. it inc

22、reases the levels of consumption of everyone.D. it increases societys consumption choices. 23. Those who stand to lose from tradeA. are likely to migrate to another country.B. tend to be more effectively organized politically. C. tend to reject compensation as smacking of socialism.D. are universall

23、y opposed by economists who consider them parasites.24. Those who stand to gain from tradeA. do not really care about the issue of income redistribution.B. could not compensate losers since there are so many poor people.C. could compensate losers but would rather not in modern industrial economies.D

24、. compensate losers at least partially through such legislation as unemployment compensation.25. Groups that lose from trade tend to lobby the government toA. shift the direction of comparative advantage.B. abolish the Specific Factor model from practical application.C. provide public support for th

25、e relatively efficient sectors.D. provide protection for the relatively inefficient sectors.26. It is known that the existence of the sugar quota causes several billion dollars of added expenses to U.S. consumers, while paying much less in benefits to U.S. sugar producers. The continued existence of

26、 this quota for many years to the present is attributable to the fact thatA. as a growing proportion of the U.S. population develops Type II Diabetes, no one is really interested in making sugar even cheaper than it is.B. obviously the quota will be removed now that it has been calculated that the c

27、osts exceed the benefits.C. the per-capita harm to the public is so small that it is not worth the time for anyone to fight this quota.D. it is understood that the sugar quota is an important weapon in keeping Communism from sweeping the Caribbean.27. It was found that when the United States imposed

28、 steel quotas, this caused harm not only to steel consumers, but also to many producers for whom steel is an important input. This insightA. suggests that general equilibrium models of tariffs will demonstrate that the partial equilibrium deadweight loss triangles tend to overstate the tariff harm.B. suggests that the deadweight loss triangles from partial equilibrium models tend to understate the harm to society of protectionism. C. suggests that it is quite sensible that producers tend to support quotas.D