International Macroeconomics 4th edition by Robert C. Feenstra, Ala
n n n n n n n n
n M. Taylor Test Bank 2023/2024
n n n n n
1. Whichnofnthenfollowing nisnNOTnanreasonnwhyncountriesntradengoodsnwithnonenanother?
A) differencesninntechnologynusedninndifferentncountries
B) differencesninncountries' ntotalnamountnofnresources
C) thenproximitynofncountriesntononenanother
D) differencesninncountries' nlanguagesnandncultures
2. DavidnRicardo'snmodelnexplainsntradenbasednon:
A) labornsupply.
B) technology.
C) population.
D) governmentncontrol.
3. Whichnofnthenfollowing nisnthenMOSTnlikelynexplanationnfornanDetroitnco
nstructionncompany'snimportsnofnconcretenblocksnmadeninnWindsor,nO
ntario?
A) thenRicardiannmodel
B) offshoring
C) technology
D) proximity
4. WhatnisnthenMOSTnlikelynreasonnwhynneighboring nnationsnengageninntrade?
A) labornavailability
B) similar ntastesnandnpreferences
C) proximity
D) sharednmembershipninnanfree-tradenarea
5. Ancountry'snfactorsnofnproductionnincludes:
Pagen 1
, A) itsnlabor,ncapital,nnaturalnresources,nandnmarkets.
B) onlynitsnlabor nandncapital.
C) onlynitsncapitalnandnnaturalnresources.
D) itsnlabor,ncapital,nandnnaturalnresources.
6. Whichnofnthenfollowing nisnNOTnconsideredntonbenanfactor nofnproduction?
A) labor
B) capital
C) naturalnresources
D) government
Pagen 1
, 7. Whennanfirmninnonennationnpurchasesnunfinishednproductsninternationallynandn
addsfurther nprocessing ntonsellninnthendomesticnmarket,nthisnisnknownnas:
A) barter.
B) offshoring.
C) factor nmovement.
D) marketing narrangements.
8. Innsomencases,nancountryncannexportnangoodnwithoutnhaving nanynadvantageninnthenna
turalresourcesnneededntonproducenit.nWhichnofnthenfollowing nisnannexamplenofnthisnty
penofnexport?
A) Austriannexportsnofnsnowboards
B) U.nS.nexportsnofn―icewine‖
C) JapanesenexportsnofnToyotas
D) Canadiannexportsnofnlumber
9. Innsomencases,nancountryncannexportnangoodnwithoutnhaving nanynadvantageninnthenna
turalresourcesnneededntonproducenit.nWhichnofnthenfollowing nisnannexamplenofnthisnty
penofnexport?
A) UnitednArabnEmirates'snexportsnofnhigh-qualitynsnowboards
B) U.nS.nexportsnofnCaterpillar nbulldozers
C) Frenchnexportsnofnwine
D) Canadiannexportsnofnlumber
10. Inntrade,nifnannationnhasnthentechnologyntonproducenangoodnwithnfewestnresourcesn(suchn
asGermany'snproductionnofnsnowboards),nitnisnknownnasna(n):
A) absolutenadvantage.
B) technologynadvantage.
C) comparativenadvantage.
D) resourcenadvantage.
Pagen 2
, 11. ThenRicardiannmodelnfocusesnonnhow:
A) countries' nresourcenbasesnexplainninternational ntrade.
B) countries' ndifferentntechnologiesnexplainninternational ntrade.
C) transportationncostsnexplainninternational ntrade.
D) differentnlanguagesnandnculturesnexplainninternational ntrade.
Pagen 3
n n n n n n n n
n M. Taylor Test Bank 2023/2024
n n n n n
1. Whichnofnthenfollowing nisnNOTnanreasonnwhyncountriesntradengoodsnwithnonenanother?
A) differencesninntechnologynusedninndifferentncountries
B) differencesninncountries' ntotalnamountnofnresources
C) thenproximitynofncountriesntononenanother
D) differencesninncountries' nlanguagesnandncultures
2. DavidnRicardo'snmodelnexplainsntradenbasednon:
A) labornsupply.
B) technology.
C) population.
D) governmentncontrol.
3. Whichnofnthenfollowing nisnthenMOSTnlikelynexplanationnfornanDetroitnco
nstructionncompany'snimportsnofnconcretenblocksnmadeninnWindsor,nO
ntario?
A) thenRicardiannmodel
B) offshoring
C) technology
D) proximity
4. WhatnisnthenMOSTnlikelynreasonnwhynneighboring nnationsnengageninntrade?
A) labornavailability
B) similar ntastesnandnpreferences
C) proximity
D) sharednmembershipninnanfree-tradenarea
5. Ancountry'snfactorsnofnproductionnincludes:
Pagen 1
, A) itsnlabor,ncapital,nnaturalnresources,nandnmarkets.
B) onlynitsnlabor nandncapital.
C) onlynitsncapitalnandnnaturalnresources.
D) itsnlabor,ncapital,nandnnaturalnresources.
6. Whichnofnthenfollowing nisnNOTnconsideredntonbenanfactor nofnproduction?
A) labor
B) capital
C) naturalnresources
D) government
Pagen 1
, 7. Whennanfirmninnonennationnpurchasesnunfinishednproductsninternationallynandn
addsfurther nprocessing ntonsellninnthendomesticnmarket,nthisnisnknownnas:
A) barter.
B) offshoring.
C) factor nmovement.
D) marketing narrangements.
8. Innsomencases,nancountryncannexportnangoodnwithoutnhaving nanynadvantageninnthenna
turalresourcesnneededntonproducenit.nWhichnofnthenfollowing nisnannexamplenofnthisnty
penofnexport?
A) Austriannexportsnofnsnowboards
B) U.nS.nexportsnofn―icewine‖
C) JapanesenexportsnofnToyotas
D) Canadiannexportsnofnlumber
9. Innsomencases,nancountryncannexportnangoodnwithoutnhaving nanynadvantageninnthenna
turalresourcesnneededntonproducenit.nWhichnofnthenfollowing nisnannexamplenofnthisnty
penofnexport?
A) UnitednArabnEmirates'snexportsnofnhigh-qualitynsnowboards
B) U.nS.nexportsnofnCaterpillar nbulldozers
C) Frenchnexportsnofnwine
D) Canadiannexportsnofnlumber
10. Inntrade,nifnannationnhasnthentechnologyntonproducenangoodnwithnfewestnresourcesn(suchn
asGermany'snproductionnofnsnowboards),nitnisnknownnasna(n):
A) absolutenadvantage.
B) technologynadvantage.
C) comparativenadvantage.
D) resourcenadvantage.
Pagen 2
, 11. ThenRicardiannmodelnfocusesnonnhow:
A) countries' nresourcenbasesnexplainninternational ntrade.
B) countries' ndifferentntechnologiesnexplainninternational ntrade.
C) transportationncostsnexplainninternational ntrade.
D) differentnlanguagesnandnculturesnexplainninternational ntrade.
Pagen 3
