Category: Foundations Of Modern Trade Theory

A. evidence against the classical model
B. evidence against the Heckscher-Ohlin model
C. Support for the Ricardian modal
D. Support for the Heckscher-Ohlin model

A. One-half ton of steel
B. One ton of steel
C. One and one-half tons of steel
D. Two tons of steel

A. 1W = 3B
B. 1W = 4 1/2B
C. 1W = 5B
D. 1W = 6B

A. One ton of steel
B. Two tons of steel
C. Three tons of steel
D. Four tons of steel

A. The labor theory of value
B. How much the autarky price differs from international terms of trade change
C. The fact that a country must lose from trade
D. All of the above

A. Mexico and Denmark
B. Sweden and Denmark
C. Sweden and Spain
D. Mexico and Sweden

A. Wine
B. Beer
C. Both wine and beer
D. Neither wine nor beer

A. A would export X to B
B. A would export Y to B
C. Neither country would want to trade
D. None of the above

A. 1/2 Y
B. 3/4 Y
C. 1 Y
D. 4/3 Y

A. 2
B. 1/2
C. 500
D. 1000