International Economics Questions

Your authors suggest that one way to characterize the global financial marketplace is through its​ assets, institutions, and linkages.A) TrueB) False

If government policymakers intervene in foreign exchange markets to cause the domestic currency to appreciate:

There was a lot of pressure on U.S. policymakers in late 1999 and into the early 2000's to decrease the value of the dollar. This pressure was coming mainly from:

Large, advanced economies like the United States, Japan, and the euro area generally:

If the Federal Reserve in the United States begins to purchase foreign currency and pay for these purchases with dollars, this should cause:

The ______ provides extended unemployment coverage for an additional year and tuition reimbursement for new job skill acquisitions to some of those affected workers who lost jobs in the import-competing sectors

The HO model predicts all of the following EXCEPT

If Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic countries will result in

TF the financial account balance is equal and opposite to the current account balance if you are disregarding foreign currency reserves

If Australia has more land per worker, and Belgium has more capital per worker, then if trade began between these two countries

The fundamental reason why trade potentially benefits a country is that it

The effect of trade on specialized employees of import-competing industries will be ______ jobs and ______ pay because they are relatively ______

The slope of a country's PPF with cloth measured on the horizontal axis and food measured on the vertical axis in the specific factors model is equal to ______ and it ______ as more cloth is produced

If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries

In the specific factors model, a 5% increase in the price of food accompanied by a 10% increase in the price of cloth will cause ______ in the welfare of labor, ______ in the welfare of the fixed factor in the production of food, and ______ in the welfare of the fixed factor in the production of cloth.

International trade can have important effects on the distribution of income because some

In the specific factors model, which of the following will increase the quantity of labor used in food production?

Suppose a specific factors economy produces two​ goods: F and C. Given that the economy is open to​ trade, and assuming that D is​ consumption, Q is​ production, and P is​ price, the budget constraint can be defined as

In the 2-factor, 2-good Heckscher-Ohlin model, trade will ______ the owners of a country's ______ factor and will ______ the good that uses that factor intensively

The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of food. When the central city, Mudhole, puts in an airstrip, the country is able to engage in trade. If the relative price of cloth in the outside world is 8 units of food, then Moribundia will export ______ and ______ factors used in the production of ______ will benefit.