CHAPTER_3_SOURCES_OF_COMPARATIVE_ADVANTAGE

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1、1. Whichofthefollowingsuggeststhatanationwillexportthecommodityintheproductionofwhichagreatdealofitsrelativelyabundantandcheapfactorisused? a. TheLindertheory b. Theproductlifecycletheory c. TheMacDougalltheory d. TheHeckscher-OhlintheoryANSWER:  dPOINTS:  1DIFFICULTY:  EasyNATIONAL STANDARD

2、S:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Gainsfromtrade,speciali-DISC:Gainsfromtrade,specializationandtradeTOPICS:  FactorEndowmentsasaSourceofComparativeAdvantageKEYWORDS:  BLOOM'S:Knowledge2. AccordingtoStaffanLinder,tradebetweentwocoun

3、triestendstobemostpronouncedwhenthecountries: a. Findtheirtastesandpreferencestobequiteharmonious b. Experienceeconomiesoflarge-scaleproductionoverlargeoutputlevels c. Facedissimilarrelativeabundancesofthefactorsofproduction d. FindtheirpercapitaincomelevelstobeapproximatelythesameANSWER:  d

4、POINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Gainsfromtrade,speciali-DISC:Gainsfromtrade,specializationandtradeTOPICS:  OverlappingDemandsasaBasisforTradeKEYWORDS:  BLOOM'S:Knowledge3. Whichofth

5、efollowingisalong-runtheory,emphasizingchangesinthetradingpositionofanationoveranumberofyears? a. Theoryoffactorendowments b. Comparativeadvantagetheory c. Theoryoftheproductcycle d. OverlappingdemandtheoryANSWER:  cPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:Refle

6、ctiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Gainsfromtrade,speciali-DISC:Gainsfromtrade,specializationandtradeTOPICS:  TechnologyasaSourceofComparativeAdvantage:TheProductCycleTheoryKEYWORDS:  BLOOM'S:Comprehension4. TheLeontiefparadoxquestionedthevalidityofthetheoryof

7、: a. Comparativeadvantage b. Factorendowments c. Overlappingdemands d. AbsoluteadvantageANSWER:  bPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Gainsfr