Advocates of industrial policy maintain that government should ?

Related Mcqs:

Difference in environmental standards or other government regulations among nations ?

A. have no impact on patterns of international trade B. have tended to make U.S steel companies more competitive internationally C. can affect production costs and thus alter comparative advantages and trade patterns D. have been eliminated by the nations participating in NAFTA...

The factor endowment model of international trade was developed by ?

A. Adam Smith B. David Ricardo C. John Stuart Mill D. Eli Heckscher and Bertil Ohlin...

_____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

A. Paul Samuelson’s B. Wolfgang Stolpher’s C. Staffan Linder’s D. Wassily Leontief’s...

By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?

A. The prices of trade goods to be lower than when there are no transportation costs B. specialization to stop when the production costs of the trading partners equalize C. The volume of trade to be less than when there are no transportation costs D. The gains from trade to be greater than when there … By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?Read More...

According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?

A. abundant B. scarce C. neither D. can’t tell without more information...