国际经济学作业答案第四章0422221300.docx

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国际经济学作业答案第四章0422221300

国际经济学作业答案-第四章

Chapter4ResourcesandTrade:

TheHeckscher-OhlinModel

MultipleChoiceQuestions

1.Inthe2-factor,2goodHeckscher-Ohlinmodel,aninfluxofworkersfromacrosstheborderwould

(a)movethepointofproductionalongtheproductionpossibilitycurve.

(b)shifttheproductionpossibilitycurveoutward,andincreasetheproductionofbothgoods.

(c)shifttheproductionpossibilitycurveoutwardanddecreasetheproductionofthelabor-intensiveproduct.

(d)shifttheproductionpossibilitycurveoutwardanddecreasetheproductionofthecapitalintensiveproduct.

(e)Noneoftheabove.

Answer:

D

2.Inthe2-factor,2goodHeckscher-Ohlinmodel,thetwocountriesdifferin

(a)tastes.

(b)militarycapabilities.

(c)size.

(d)relativeavailabilitiesoffactorsofproduction.

(e)laborproductivities.

Answer:

D

3.Inthe2-factor,2goodHeckscher-Ohlinmodel,achangefromautarky(notrade)totradewillbenefittheownersof

(a)capital.

(b)therelativelyabundantfactorofproduction.

(c)therelativelyscarcefactorofproduction.

(d)therelativelyinelasticfactorofproduction.

(e)thefactorofproductionwiththelargestelasticityofsubstitution.Answer:

B

4.Inthe2-factor,2goodHeckscher-Ohlinmodel,achangefromautarky(notrade)totrade

(a)willtendtomakethewagesinbothcountriesmoresimilar.

(b)willequalizethewagesinbothcountries.

(c)willtendtomakethewagesinbothcountrieslesssimilar.

(d)willtendtomakewagesequaltoreturnstocapital.

(e)willtendtomakerentsequaltointerestrates.Answer:

A

国际经济学作业答案-第四章

5.TheLeontieffParadox

(a)supportedthevalidityoftheRicardiantheoryofcomparativeadvantage.

(b)supportedthevalidityoftheHeckscher-Ohlinmodel.

(c)failedtosupportthevalidityoftheRicardiantheory.

(d)failedtosupportthevalidityoftheHeckscher-Ohlinmodel.

(e)provedthattheU.S.economyisdifferentfromallothers.Answer:

D

6.TheLeontieffParadox

(a)referstothefindingthatU.S.exportsweremorelaborintensivethanitsimports.

(b)referstothefindingthatU.S.Exportsweremorecapitalintensivethanitsexports.

(c)referstothefindingthattheU.S.producesoutsideitsEdgeworthBox.

(d)stillaccuratelyappliestotoday'spatternofU.S.internationaltrade.

(e)referstothefactthatLeontieff—anAmericaneconomist—hadaRussianname.Answer:

A

7.The1987studybyBowen,LeamerandSveikauskas

(a)supportedthevalidityoftheLeontieffParadox.

(b)supportedthevalidityoftheHeckscher-Ohlinmodel.

(c)usedatwo-countryandtwo-productframework.

(d)demonstratedthatinfactcountriestendtousedifferenttechnologies.

(e)provedthattheU.S.'scomparativeadvantagereliedonskilledlabor.

Answer:

A

8.EmpiricalobservationsonactualNorth-Southtradepatternstendto

(a)supportthevalidityoftheLeontieffParadox.

(b)supportthevalidityoftheHeckscher-Ohlinmodel.

(c)supportthevalidityoftheRybczynskiTheorem.

(d)supportthevalidityofthewageequalizationtheorem.

(e)supportthevalidityoftheneo-imperialismexploitationtheory.Answer:

B

9.TheCaseoftheMissingTraderefersto

(a)the9thvolumeoftheHardyBoys'Mysteryseries.

(b)thefactthatworldexportsdoesnotequalworldimports.

(c)thefactthatfactortradeislessthanpredictedbytheHeckscher-Ohlintheory.

(d)thefactthattheHeckscherOhlintheorypredictsmuchlessvolumeoftradethanactuallyexists.

(e)Noneoftheabove.

Answer:

C

国际经济学作业答案-第四章

10.IftheUntedStateshadrelativelymorecapitalperworkerthanMexico,andiftheLeontieffParadoxappliedtothistrade,thenasuccessfulexpansionoftradeunderNAFTAbetweenMexicoandtheUnitedStateswouldtendtobenefitwhichgroupintheUnitedStates?

(a)Environmentalists

(b)Capitalists

(c)Workers

(d)Landowners

(e)SkilledlaborwithrelativelyhighlevelsofhumancapitalAnswer:

C

11.AccordingtotheHeckscher-Ohlinmodel,thesourceofcomparativeadvantageisacountry's

(a)technology.

(b)advertising.

(c)humancapital.

(d)factorendowments.

(e)Both(a)and(b).

Answer:

D

12.TheHechscher-Ohlinmodelstatesthatacountrywillhaveacomparativeadvantageinthegoodorservicewhoseproductionisrelativelyintensiveinthewithwhichthecountryisrelatively

abundant.

(a)tastes

(b)technology

(c)factorofproduction

(d)opportunitycost

(e)scaleeconomyAnswer:

C

13.OnewayinwhichtheHeckscher-OhlinmodeldiffersfromtheRicardomodelofcomparativeadvantageisbyassumingthatis(are)identicalinallcountries.

(a)factorofproductionendowments

(b)scaleeconomies

(c)factorofproductionintensities

(d)technology

(e)opportunitycostsAnswer:

D

14.AccordingtotheHecksher-Ohlinmodel,

(a)everyoneautomaticallygainsfromtrade

(b)thescarcefactornecessarilygainsfromtrade

(c)thegainerscouldcompensatethelosersandstillretaingains.

(d)acountrygainsifitsexportshaveahighvalueadded.

(e)Noneoftheabove.

Answer:

C

国际经济学作业答案-第四章

15.TheHeckscher-Ohlinmodelassumesthatareidenticalinalltradingcountries

(a)tastes

(b)technologies

(c)factorendowments

(d)Both(a)and(b).

(e)Noneoftheabove.

Answer:

B

16.AsopposedtotheRicardianmodelofcomparativeadvantage,theassumptionofdiminishingreturnsintheHeckscher-Ohlinmodelmeansthattheprobabilityisgreaterthatwithtrade

(a)countrieswillnotbefullyspecializedinoneproduct.

(b)countrieswillbenefitfromfreeinternationaltrade.

(c)countrieswillconsumeoutsidetheirproductionpossibilityfrontier.

(d)comparativeadvantageisprimarilysupplyrelated.

(e)Noneoftheabove.

Answer:

A

17.Startingfromanautarky(no-trade)situationwithHeckscher-Ohlinmodel,ifCountryHisrelativelylaborabundant,thenoncetradebegins

(a)wagesandrentsshouldriseinH

(b)wagesandrentsshouldfallinH

(c)wagesshouldriseandrentsshouldfallinH.

(d)wagesshouldfallandrentsshouldriseinH.

(e)Noneoftheabove.

Answer:

C

18.Whichofthefollowingisfalse(fortheHeckscher-Ohlinmodel)?

(a)Iftastesarenotidenticalinbothcountries,wagesmaystillequalize.

(b)Differencesintechnologiescouldbethesourceofgainsfromtrade.

(c)Somegroupsmaygainandsomemayloseduetotrade.

(d)Gainsforthetrade-relatedwinnerswilltendtobelargerthanlossesoflosers.

(e)Noneoftheabove.

Answer:

B

19.Iftastesdifferedbetweencountries,thiscouldaffect

(a)wageequalizationduetotradewithnospecialization.

(b)thedirectionoftrade(whoexportswhattowhom).

(c)thefactthatsomegroupsinacountrymightlosewelfareduetotrade.

(d)thefactthatthecountryasawholewillgainfromtrade.

(e)Noneoftheabove.Answer:

B

国际经济学作业答案-第四章

20.Supposethattherearetwofactors,capitalandland,andthattheUnitedStatesisrelativelylandendowedwhiletheEuropeanUnionisrelativelycapital-endowed.AccordingtotheHeckscher-Ohlinmodel,

(a)EuropeanIandownersshouldsupportU.S.-Europeanfreetrade.

(b)EuropeancapitalistsshouldsupportU.S.-Europeanfreetrade.

(c)allcapitalistsinbothcountriesshouldsupportfreetrade.

(d)alllandownersshouldsupportfreetrade.

(e)Noneoftheabove.

Answer:

B

21.AccordingtotheHeckscher-Ohlinmodel,iftheUnitedStatesisrichlyendowedinhuman-capitalrelativetoMexico,thenasNAFTAincreasinglyleadstomorebilateralfreetradebetweenthetwocountries,

(a)theUnitedStateswillfinditsindustrialbasesuckedintoMexico.

(b)MexicowillfinditsrelativelyhighlyskilledworkersdrawntotheUnitedStates.

(c)ThewagesofhighlyskilledU.S.workerswillbedrawndowntoMexicanlevels.

(d)ThewagesofhighlyskilledMexicanworkerswillrisetothoseintheUnitedStates.

(e)ThewagesofhighlyskilledMexicanworkerswillfalltothoseintheUnitedStates.

Answer:

E

22.Assumethatonlytwocountries,AandB,exist.

Considerthefollowingdata:

FactorEndowments

Countries

A

B

LaborForce

45

20

CapitalStock

15

10

IfgoodSiscapitalintensive,thenfollowingtheHeckscher-OhlinTheory,

(a)countryAwillexportgoodS.

(b)countryBwillexportgoodS.

(c)bothcountrieswillexportgoodS.

(d)tradewillnotoccurbetweenthesetwocountries.

(e)Insufficientinformationisgiven.

Answer:

B

23.ContinuingfromQuestion#22,ifyouaretoldthatCountryBisverymuchricherthanCountryA,thenthecorrectansweris:

(a)countryAwillexportgoodS.

(b)countryBwillexportgoodS.

(c)bothcountrieswillexportgoodS.

(d)tradewillnotoccurbetweenthesetwocountries.

(e)insufficientinformationisgiven.

Answer:

B

国际经济学作业答案-第四章

24.ContinuingfromQuestion#22,youaretoldthatCountryBisverymuchlargerthancountryA.Thecorrectansweris:

(a)countryAwillexportgoodS.

(b)countryBwillexportgoodS.

(c)bothcountrieswillexportgoodS.

(d)tradewillnotoccurbetweenthesetwocountries.

(e)insufficientinformationisgiven.

Answer:

B

25.ContinuingfromQuestion#22,youaretoldthatCountryBhasnominimumwageorchildlaborlaws.Nowthecorrectansweris:

(a)countryAwillexportgoodS.

(b)countryBwillexportgoodS.

(c)bothcountrieswillexportgoodS.

(d)tradewillnotoccurbetweenthesetwocountries.

(e)Insufficientinformationisgiven.

Answer:

B

26.ContinuingfromQuestion#22,younowaretoldthatthelaborunionsrepresentingtheworkersineachofthetworespectivecountriesareconsideringlobbyingagainsttheopeningofinternationaltradebetweenthesetwocountries.Notethatworkers'incomeisderivedsolelyfromwages.

(a)Thiswouldbeamisguideddecisionfromtheviewpointoftheworkersinbothcountries,sincetradeisalwaysbetterthanautarky.

(b)Thiswouldbeagooddecisionfromtheviewpointo

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