D Question 1 2 pts Why do larger countries (such as the US) tend to have lower international trade to GDP ratios than smaller countries? O Larger countries tend to have higher quota than smaller countries O Larger countries tend to have larger trade deficits than smaller countries O Larger countries tend to have higher domestic trade between states and/or districts within their borders than smaller countries O Larger countries tend to have higher tariffs than smaller countries) Question 2 Which statement is NOT true about an import tariff on X? 0 It helps consumers of X and hurts producers of X in the home country 0 This tariff acts like a tax on consumers of X and a subsidy to producers of X in the home country 0 It raises the price received bythe producers of X in the home country 0 It raises the price charged to consumers in the home country D Question 3 2 pts Which of the following statement is not true about the HeckscherOhlin (HO) Theorem? 0 It is a long-run model 0 Economist Wassily Leontief conducted the rst empirical study in 1953 to test the prediction of the HO theorem. The finding of this empirical study has supported the prediction of the H0 theorem. 0 The H0 theorem states that. given the assumptions of the model, a country will export the commodity that intensively uses its relatively abundant factor. Q Tastes are assumed to be the same across countries in the model