1. Starting from an autarky (no-trade) situation with Heckscher - Ohlin model, if Country H is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Starting from an autarky (no-trade) situation with Heckscher - Ohlin model, if Country H is relatively labor abundant, then once trade begins OA. wages and rents should fall in H. B. wages and rents should rise in H. O C. rent will be unchanged but wages will rise in H. OD. wages should rise and rents should fall in H. OE. wages should fall and rents should rise in H. 2. If the economy is producing at point a on its production possibility frontier, then Part B - Please answer the following Multiple Choice Questions - each question is worth 2 points. A. all of its capital is used, but not efficiently. O B. all of the country's capital is used for one product. OC. all of the country's workers are specialized in one product. OD. all of the country's exports are produced in equal amounts. OE. all of the country's workers are employed. 3. If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher - Ohlin model, we predict that Gambinia will export A. both labor- and land- intensive goods. OB. capital - intensive goods. OC. land-intensive goods. OD. labor- intensive goods. O E. both capital and land - intensive goods. 4. In the 2-factor, 2 good Heckscher -Ohlin model, trade will the good that uses that factor intensively. OA. benefit; abundant; export OB. benefit; scarce; export OC. harm; scarce; export OD. harm; abundant; import OE. benefit; scarce; import 5. According to the Heckscher - Ohlin model, the owners of a country's OA. a country gains from trade if its exports have a high value added. O B. only the country with the more advanced technology gains from trade. OC. everyone gains from trade. OD. the gainers from trade could compensate the losers and still retain gains. O E. the scarce factor gains from trade and the abundant factor loses. factor and will 1. Starting from an autarky (no-trade) situation with Heckscher - Ohlin model, if Country H is relatively labor abundant, then once trade begins OA. wages and rents should fall in H. B. wages and rents should rise in H. O C. rent will be unchanged but wages will rise in H. OD. wages should rise and rents should fall in H. OE. wages should fall and rents should rise in H. 2. If the economy is producing at point a on its production possibility frontier, then Part B - Please answer the following Multiple Choice Questions - each question is worth 2 points. A. all of its capital is used, but not efficiently. O B. all of the country's capital is used for one product. OC. all of the country's workers are specialized in one product. OD. all of the country's exports are produced in equal amounts. OE. all of the country's workers are employed. 3. If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher - Ohlin model, we predict that Gambinia will export A. both labor- and land- intensive goods. OB. capital - intensive goods. OC. land-intensive goods. OD. labor- intensive goods. O E. both capital and land - intensive goods. 4. In the 2-factor, 2 good Heckscher -Ohlin model, trade will the good that uses that factor intensively. OA. benefit; abundant; export OB. benefit; scarce; export OC. harm; scarce; export OD. harm; abundant; import OE. benefit; scarce; import 5. According to the Heckscher - Ohlin model, the owners of a country's OA. a country gains from trade if its exports have a high value added. O B. only the country with the more advanced technology gains from trade. OC. everyone gains from trade. OD. the gainers from trade could compensate the losers and still retain gains. O E. the scarce factor gains from trade and the abundant factor loses. factor and will 1. Starting from an autarky (no-trade) situation with Heckscher - Ohlin model, if Country H is relatively labor abundant, then once trade begins OA. wages and rents should fall in H. B. wages and rents should rise in H. O C. rent will be unchanged but wages will rise in H. OD. wages should rise and rents should fall in H. OE. wages should fall and rents should rise in H. 2. If the economy is producing at point a on its production possibility frontier, then Part B - Please answer the following Multiple Choice Questions - each question is worth 2 points. A. all of its capital is used, but not efficiently. O B. all of the country's capital is used for one product. OC. all of the country's workers are specialized in one product. OD. all of the country's exports are produced in equal amounts. OE. all of the country's workers are employed. 3. If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher - Ohlin model, we predict that Gambinia will export A. both labor- and land- intensive goods. OB. capital - intensive goods. OC. land-intensive goods. OD. labor- intensive goods. O E. both capital and land - intensive goods. 4. In the 2-factor, 2 good Heckscher -Ohlin model, trade will the good that uses that factor intensively. OA. benefit; abundant; export OB. benefit; scarce; export OC. harm; scarce; export OD. harm; abundant; import OE. benefit; scarce; import 5. According to the Heckscher - Ohlin model, the owners of a country's OA. a country gains from trade if its exports have a high value added. O B. only the country with the more advanced technology gains from trade. OC. everyone gains from trade. OD. the gainers from trade could compensate the losers and still retain gains. O E. the scarce factor gains from trade and the abundant factor loses. factor and will
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below 1 D wages should rise and rents should fall in H 2 E all of the countrys workers are empl... View the full answer
Related Book For
Business research methods
ISBN: 978-1439080672
8th Edition
Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff
Posted Date:
Students also viewed these economics questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
List the directors duties in respect of going concern basis.
-
Use the information from the Fun Time Cruiseline Data Set. If Fun Time Cruiseline sells an additional 700 tickets, by what amount will its operating income increase (or operating loss decrease)? Fun...
-
For the following exercises, match each function in Figure 17 with the letter corresponding to its graph. h(x) = log 5 (x) 2+ 14 0 -14 2 Figure 17 3 B -C D E X
-
True or False: Multiple roots can exist when using IRR and MIRR methods.
-
For the following transactions and events, indicate what effect each will have on the three classes of net assets using this format. Put an X in the appropriate column. If the net assets are...
-
Is discord supported by a relational database, hierarchical database, NoSQL database, or something else?Explain
-
TurboX is a online video game company that makes three types of video games: action, role play, and sports. It is interested in understanding its millennial customers. By combining the data from its...
-
On January 1, 2019, Gates Corporation issued $100,000 of 5-year bonds due December 31, 2023, for $103,604.79 minus debt issuance costs of $3,000. The bonds carry a stated rate of interest of 13%...
-
Missing information on a bond. Your broker faxed to you the following information about two semiannual coupon bonds that you are considering as a potential investment. Unfortunately, your fax machine...
-
The receipt of $460 on February 14 was for a $445 note collected by the bank, plus $20 current interest, minus a $5 service charge (Miscellaneous expense). The company's accounting records contained...
-
A purchase of a vehicle for cash would have what affect on the accounting equation? Question 8 options: A) Total asset amount remains the same. B) Total owner's equity is overstated. C) Both A and B...
-
What is true about the process of recycling different materials? Responses A It is different for different materials.It is different for different materials. B It is the same for all materials.It is...
-
Carla retires from Sam's bar & Grill, a partnership. The business is continued by the remaining partners Sam, Frazier, and Diane and a new partner, Cliff. Cliff agrees to assume Carla's liability for...
-
Consider the 2-dimensional inputs X = (X, X;) For the following these three SVM kernels: (1) K1(X', X?) = ((X}) 10X})((X) 10X3) (2) K2(X', X) = ((X}) 10.X})((X;) 10X3)? (3) K3(X', X) = (X - 5)(X...
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
How does factor analysis allow for data reduction?
-
Calculate the standard deviation for the data in question 2.
-
In our example of research on lipstick, where E = $2 and S = $29, what sample size would we require if we desired a 99 percent confidence level? What about if we keep the 95% confidence level, but...
-
Discuss how a new brand manufacturer would go about defining their market segments and then begin to target them.
-
Go to www.kellogs.com, and examine the brands offered by Kelloggs. Using the BCG growth-share matrix, classify 10 brands as stars, question marks, cash cows, or dogs. Find at least one product you...
-
Diff Eyewear is a successful business built around a socially conscious mission. The company makes and sells stylish eyewear with comparable quality but a significantly lower price than luxury...
Study smarter with the SolutionInn App