题目内容

The trade model of the Swedish economists Heckscher and Ohlin maintains that:

Absolute advantage determines the distribution of the gains from trade
B. Comparative advantage determines the distribution of the gains from trade
C. The division of labor is limited by the size of the world market
D. A country exports goods for which its resource endowments are most suited

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According to the factor endowment model, countries heavily endowed with land will:

A. Devote excessive amounts of resources to agricultural production
B. Devote insufficient amounts of resources to agricultural production
C. Exportproductsthatareland-intensive
D. Importproductsthatareland-intensive

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For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the Value of U.S. imports has:

A. Increased
B. Decreased
C. Notchanged
D. Noneofthe above

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Should international transportation costs decrease, the effect on international trade would include:

Anincreaseinthevolumeoftrade
B. Asmallergainfromtrade
C. Adeclineinthe income of home producers
D. Adecrease in level of specialization in production.

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That the division of labor is limited by the size of the market best applies to which explanation of trade?

A. Factorendowmenttheory
B. Productlife cycle theory
C. Economiesofscaletheory
D. Overlapping demand theory

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The trade model of the Swedish economists Heckscher and Ohlin maintains that:

Absolute advantage determines the distribution of the gains from trade B. Comparative advantage determines the distribution of the gains from trade C. The division of labor is limited by the size of the world market D. A country exports goods for which its resource endowments are most suited

According to the factor endowment model, countries heavily endowed with land will:

For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the Value of U.S. imports has:

Should international transportation costs decrease, the effect on international trade would include:

That the division of labor is limited by the size of the market best applies to which explanation of trade?

Absolute advantage determines the distribution of the gains from trade
B. Comparative advantage determines the distribution of the gains from trade
C. The division of labor is limited by the size of the world market
D. A country exports goods for which its resource endowments are most suited