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1、Chapter 4Resources and Trade: The Heckscher-Ohlin Model47Chapter 4 Resources and Trade: The Heckscher-Ohlin ModelnMultiple Choice Questions1.In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would(a)move the point of production along the production possibilit
2、y curve.(b)shift the production possibility curve outward, and increase the production of both goods.(c)shift the production possibility curve outward and decrease the production of the labor-intensive product.(d)shift the production possibility curve outward and decrease the production of the capit
3、al-intensive product.(e)None of the above.Answer: D2.In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in(a)tastes.(b)military capabilities.(c)size.(d)relative availabilities of factors of production.(e)labor productivities.Answer: D3.In the 2-factor, 2 good Heckscher-Ohlin mod
4、el, a change from autarky (no trade) to trade will benefit the owners of(a)capital.(b)the relatively abundant factor of production.(c)the relatively scarce factor of production.(d)the relatively inelastic factor of production.(e)the factor of production with the largest elasticity of substitution.An
5、swer: B4.In the 2-factor, 2 good Heckscher-Ohlin model, a change from autarky (no trade) to trade(a)will tend to make the wages in both countries more similar.(b)will equalize the wages in both countries.(c)will tend to make the wages in both countries less similar.(d)will tend to make wages equal t
6、o returns to capital.(e)will tend to make rents equal to interest rates.Answer: A5.The Leontieff Paradox(a)supported the validity of the Ricardian theory of comparative advantage.(b)supported the validity of the Heckscher-Ohlin model.(c)failed to support the validity of the Ricardian theory.(d)faile
7、d to support the validity of the Heckscher-Ohlin model.(e)proved that the U.S. economy is different from all others.Answer: D6.The Leontieff Paradox(a)refers to the finding that U.S. exports were more labor intensive than its imports.(b)refers to the finding that U.S. Exports were more capital inten
8、sive than its exports.(c)refers to the finding that the U.S. produces outside its Edgeworth Box.(d)still accurately applies to todays pattern of U.S. international trade.(e)refers to the fact that Leontieffan American economisthad a Russian name.Answer: A7.The 1987 study by Bowen, Leamer and Sveikau
9、skas(a)supported the validity of the Leontieff Paradox.(b)supported the validity of the Heckscher-Ohlin model.(c)used a two-country and two-product framework.(d)demonstrated that in fact countries tend to use different technologies.(e)proved that the U.S.s comparative advantage relied on skilled lab
10、or.Answer: A8.Empirical observations on actual North-South trade patterns tend to(a)support the validity of the Leontieff Paradox.(b)support the validity of the Heckscher-Ohlin model.(c)support the validity of the Rybczynski Theorem.(d)support the validity of the wage equalization theorem.(e)support
11、 the validity of the neo-imperialism exploitation theory.Answer: B9.The Case of the Missing Trade refers to(a)the 9th volume of the Hardy Boys Mystery series.(b)the fact that world exports does not equal world imports.(c)the fact that factor trade is less than predicted by the Heckscher-Ohlin theory
12、.(d)the fact that the Heckscher Ohlin theory predicts much less volume of trade than actually exists.(e)None of the above.Answer: C10.If the Unted States had relatively more capital per worker than Mexico, and if the Leontieff Paradox applied to this trade, then a successful expansion of trade under
13、 NAFTA between Mexico and the United States would tend to benefit which group in the United States?(a)Environmentalists(b)Capitalists(c)Workers(d)Land owners(e)Skilled labor with relatively high levels of human capitalAnswer: C11.According to the Heckscher-Ohlin model, the source of comparative adva
14、ntage is a countrys(a)technology.(b)advertising.(c)human capital.(d)factor endowments.(e)Both (a) and (b).Answer: D12.The Hechscher-Ohlin model states that a country will have a comparative advantage in the good or service whose production is relatively intensive in the _ with which the country is r
15、elatively abundant.(a)tastes(b)technology(c)factor of production(d)opportunity cost(e)scale economyAnswer: C13.One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that _ is (are) identical in all countries.(a)factor of production endowments(b)scale economies(c)factor of production intensities(d)technology(e)opportunity costsAnswer: D14.According to the Hecksher-Ohlin model,(a)everyone automatically gains from trade(b)the scarce factor nec
