International Economics 8e Chapter 3分析和总结分析和总结.docx

Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model The Concept of Comparative Advantage Trade between two countries can benefit both countries if each country exports that good in which it has a comparative advantage. each country enjoys superior terms of trade. each country has a more elastic demand for the imported goods. each country has a more elastic supply for the exported goods. Both C and D. Answer: A Question Status: Previous Edition In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least unit labor requirements one two three four five Answer: D Question Status: Previous Edition A country engaging in trade according to the principles of comparative advantage gains from trade because it is producing exports indirectly more efficiently than it could alternatively. is producing imports indirectly more efficiently than it could domestically. is producing exports using fewer labor units. is producing imports indirectly using fewer labor units. None of the above. Answer: B Question Status: Previous Edition Given the information in the table above, if it is ascertained that Foreign uses prison -slave labor to produce its exports, then home should export cloth. export widgets. export both and import nothing. export and import nothing. All of the above. Answer: A Question Status: Previous Edition 1 2 2 Given the information in the table above, if the Home economy suffered a meltdown, and the Unit Labor Requirements doubled to 30 for cloth and 60 for widgets then home should export cloth. export widgets. export both and import nothing. export and import nothing. All of the above. Answer: A Question Status: Previous Edition The earliest statement of the principle of comparative advantage is associated with David Hume. David Ricardo. Adam Smith. Eli Heckscher. Bertil Ohlin. Answer: B Question Status: Previous Edition The Gains from Trade associated with the prin