Ricardian model - Guides d'étude, Notes de cours & Résumés

Study Outline for Econ S10b Midterm Exam Harvard University, Summer School Note: The assigned readings are potential sources for exam questions. I will NOT ask narrow factual questions about these readings, but you should be able to relate their main arguments to the material we have discussed in class. Note: The following outline does NOT cover everything we have studied in the class. All concepts and applications that we have discussed in class are possible exam topics. Good items to st...

International trade is logically associated with which assumption? A. Resources are less mobile internationally than domestically. B. Resources are more mobile internationally than are goods. C. Imports should exceed exports. D. Exports should exceed imports. E. None of the above. Answer: A 21. Arguments for free trade are sometimes disregarded by the political process because A. economists tend to favor highly protected domestic markets. B. economists have a universally accepted decis...

Grade Details1.Question: In the Dornbusch-Fischer-Samuelson graph above, a uniform improvement in labor productivity in all the home country's industries would shift the A schedule and would lead to the export of a number of goods by the home country. Your Answer: upward; greater CORRECT upward; smaller downward; greater downward; smaller Points Received:2 of 2 Comments: 2. Question: The following Classical-type table shows the number of days of labor input required to obtain one uni...

Study Outline for Econ S10b Midterm Exam Harvard University, Summer School Note: The assigned readings are potential sources for exam questions. I will NOT ask narrow factual questions about these readings, but you should be able to relate their main arguments to the material we have discussed in class. Note: The following outline does NOT cover everything we have studied in the class. All concepts and applications that we have discussed in class are possible exam topics. Good items to st...

Assume the U.S. currently grows 2.3 million tons of fresh winter fruit and that the resources absorbed in the production of this fruit could have produced 300,000 laptop computers. Therefore, the opportunity cost of those 2.3 million tons of fruit is ??? computers. Suppose that South America could have instead produced those 2.3 million tons of fruit at an opportunity cost of 150,000 laptops. Because of the difference in opportunity costs between the two regions, it can be shown that trade...

International economics theory and policy Review Questions with Verified Answers Latest Update (Graded A+) Gravity Model - Answers A model of comparative advantage that describes the level of interaction between two places, based on the size of their populations and their distance from each other. Gross Domestic Product (GDP) - Answers A measurement of the total goods and services produced within a country. developing countries - Answers countries with less productive economies and a lower qu...

Contents 1. Introduction ..................................................................................................................................... 14 1.1. What Is International Economics About?............................................................................. 14 1.1.1. The Gains from Trade...................................................................................................... 15 1.1.2. The Pattern of Trade.....................................................

ECON 101- CHAPTER 8 EXAM QUESTIONS AND CORRECT ANSWERS LATEST UPDATE (RATED A+) What are Imports? - Answers Goods and services purchased from other countries What are Exports? - Answers Goods and services sold to other countries What is Globalization? - Answers the phenomenon of growing economic linkages among countries The growth of international trade and other international linkages What is the Ricardian model of international trade? - Answers analyzes international trade under the assu...

Q#1 What happens to M1 and M2 due to each of the following changes? (a) You take $500 out of your checking account and put it into a passbook savings account. (b) You take $1000 out of your checking account and buy traveler’s checks. (c) You take $1500 out of your money-market mutual fund and deposit into your checking account. (d) You cash in $2000 in savings bonds and invest the money in a certificate of deposit. Q#2 How would each of the following affect national saving, investment...

Study Outline for Econ S10b Midterm Exam Harvard University, Summer School Note: The assigned readings are potential sources for exam questions. I will NOT ask narrow factual questions about these readings, but you should be able to relate their main arguments to the material we have discussed in class. Note: The following outline does NOT cover everything we have studied in the class. All concepts and applications that we have discussed in class are possible exam topics. Good items to st...