International Economics, 8e (Krugman) 推荐精选Chapter 4 推荐精选Resources, Comparative Advantage, and Income Distribution推荐精选 推荐精选推荐精选1) 推荐精选In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would 推荐精选A) 推荐精选move the point of production along the production possibility curve. 推荐精选B) 推荐精选shift the production possibility curve outward, and increase the production of both goods. 推荐精选C) 推荐精选shift the production possibility curve outward and decrease the production of the labor-intensive product. 推荐精选D) 推荐精选shift the production possibility curve outward and decrease the production of the capital-intensive product. 推荐精选E) 推荐精选None of the above. 推荐精选Answer: 推荐精选D推荐精选推荐精选推荐精选2) 推荐精选In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in 推荐精选A) 推荐精选tastes. 推荐精选B) 推荐精选military capabilities. 推荐精选C) 推荐精选size. 推荐精选D) 推荐精选relative availabilities of factors of production. 推荐精选E) 推荐精选labor productivities. 推荐精选Answer: 推荐精选D推荐精选 推荐精选推荐精选推荐精选推荐精选3) 推荐精选The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former 推荐精选A) 推荐精选has only two countries. 推荐精选B) 推荐精选has only two products. 推荐精选C) 推荐精选has two factors of production. 推荐精选D) 推荐精选has two production possibility frontiers (one for each country). 推荐精选E) 推荐精选None of the above. 推荐精选Answer: 推荐精选C推荐精选推荐精选 推荐精选4) 推荐精选A good cannot be both land- and labor-intensive. Discuss. 推荐精选Answer: 推荐精选In a two good, two factor model, such as the original Heckscher-Ohlin framework, the factor intensities are relative intensities. Hence, the relevant statistic is either workers per acre (or acres per worker); or wage per rental unit (or rental per wage). In order to illustrate the logic of the statement above, let us assume that the production of a broom requires 4 workers and 1 acre. Also, let us assume that the production of one bushel of wheat requires 40 workers and 80 acres. In this case the acres per person required to produce a broom is one quarter, whereas to produce a bushel of wheat requires 2 acres per person. The wheat is therefore (relatively) land intensive, and the broom is (relatively) labor intensive.推荐精选推荐精选推荐精选5) 推荐精选No country is abundant in everything. Discuss. 推荐精选Answer: 推荐精选The concept of relative (country) factor abundance is (like factor intensities) a relative concept. When we identify a country as being capital intensive, we mean that it has more capital per worker than does the other country. If one country has more capital worker than another, it is an arithmetic impossibility that it also has more workers per unit capital.推荐精选推荐精选推荐精选 推荐精选6) 推荐精选Refer to above figure. Can you guess which group of producers in Country P might lobby against free trade? 推荐精选Answer: 推荐精选In Country P, the owners of the relatively scarce factor of production are the owners of capital. Their relative and real incomes will decrease, and so they may well attempt to lobby for protectionism, which may prevent the country from moving to a free trade equilibrium.An Economy can produce good 1 using labor and capital and good 2 using labor and land. The total supply of labor is 100 units. Given the supply of capital, the outputs of the two goods depends on labor input as follows: 推荐精选7) 推荐精选Refer to the table above. (a)Graph the production functions for good 1 and good 2(b)Graph the production possibility frontier. Why is it curved? 推荐精选Answer: 推荐精选The production possibility frontier is curved because of the diminishing returns associated with the expansion of output in the short run in each of the two industries.推荐精选推荐精选推荐精选 推荐精选推荐精选8) 推荐精选In the 2-factor, 2 good Heckscher-Ohlin model, a change from autarky (no trade) to trade will benefit the owners of 推荐精选A) 推荐精选capital. 推荐精选B) 推荐精选the relatively abundant factor of production. 推荐精选C) 推荐精选the relatively scarce factor of production. 推荐精选D) 推荐精选the relatively inelastic factor of production. 推荐精选E) 推荐精选the factor of production with the largest elasticity of substitution. 推荐精选Answer: 推荐精选B推荐精选推荐精选推荐精选9) 推荐精选According to the Heckscher-Ohlin model, the source of comparative advantage is a countrys 推荐精选A) 推荐精选technology. 推荐精选B) 推荐精选advertising. 推荐精选C) 推荐精选human capital. 推荐精选D) 推荐精选factor endowments. 推荐精选E) 推荐精选