题目内容

The leontief paradox questioned the validity of the theory of:

A. Comparative advantage
B. Factor endowments
C. Overlapping demands
D. Absolute advantage

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Which of the following would least likely apply to the product life cycle theory?

A. Calculators and computers
B. Coal and crude oil
C. Home movie cameras
D. Office machinery

Classical trade theory emphasized which of the following as an underlying explanation of the basis for trade?

A. Productivities of labor inputs
B. Tastes and preferences among nations
Changes in technologies over time
D. Quantities of economic resources

Concerning the influence that transportation costs have on the location of industry, which of the following industries has generally attempted to locate production facilities close to Resource supplies?

Autos
B. Steel
C. Soft drinks
D. Valuable electronics goods

Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of:

A. Labor
B. Land
C. Both labor and land
D. Neither labor nor land

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