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Câu-hỏi-ECO201 - ECO121

Macro Economics (Trường Đại học FPT)

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1. Choose the correct answer and explain?

In order to know whether a country has a comparative advantage in the

production of one particular product we need information on at least ________
unit labor requirements
A) four
B) five
C) two
D) three
E) one

2. Choose the correct answer and explain:

Trade between two countries can benefit both countries if

A) each country enjoys superior terms of trade.
B) each country has a more elastic demand for the imported goods.
C) each country has a more elastic supply for the exported goods.
D) each country produces a wide range of goods for export.
E) each country exports that good in which it has a comparative advantage.

3. A country engaging in trade according to the principles of comparative advantage

gains from trade because it

A) is producing exports while outsourcing services.

B) is producing imports indirectly more efficiently than it could domestically.
C) is producing imports indirectly using fewer labor units.
D) is producing exports using fewer labor units.
E) is producing exports indirectly more efficiently than it could alternatively

4. Base on the table below, Home should:

A) export widgets.
B) export widgets and import cloth.
C) export cloth.
D) export and import nothing.
E) export both and import nothing.

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Giải thích: -

5. The Ricardian model attributes the gains from trade associated with the principle of
comparative advantage result to
A) differences in resources.
B) differences in technology.
C) gravity relationships among countries.
D) differences in preferences.
E) differences in labor productivity.

6. A&Q:

(a) Does either country have an absolute advantage in the production of

wheat or beef? Explain.

(b) What is the opportunity cost of wheat in each country?

(c) What is the opportunity cost of beef in each country?

(d) Analyze comparative advantage of each country?

7. Does either country have an absolute advantage in the production of

wheat or beef? Explain.

(b) What is the opportunity cost of wheat in each country?

(c) What is the opportunity cost of beef in each country?

(d) Analyze comparative advantage of each country?

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8. (a) Does either country have an absolute advantage in the production

of wheat or beef? Explain.

(b) What is the opportunity cost of wheat in each country?

(c) What is the opportunity cost of beef in each country?

(d) Analyze comparative advantage of each country?

9. Based on the table below

(1) Home has a comparative advantage in producing …?

(2)Foreign has a comparative advantage in producing…?

(3) Opportunity cost of producing cloth/widget in Home is…?

(4)Opportunity cost of producing widget/cloth in Foreign is…?

10. Based on Ricardian model, international trade can lead to increases in :

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A. total production of both products but not consumer welfare in both

countries.
B. prices of both goods in both countries.
C.consumer welfare only if output of both products is increased.
D.output of both products and consumer welfare in both countries.

11. A nation engaging in trade according to the Ricardian model will find
its consumption bundle

A. outside its production possibilities frontier.

B. on its production possibilities frontier.
C. on its trade-partner's production possibilities frontier.
D. inside its production possibilities frontier.

12. According to Ricardo, a country will have a comparative advantage in the product
in which its

A.labor mobility is relatively low

B. labor productivity is relatively low
C. labor is outsourced to neighboring countries.
D. labor productivity is relatively high.

13. Assume that labor is the only factor of production and that wages in
the United States equal $20 per hour while wages in Japan are $10 per
hour. Production costs would be lower in the United States as
compared to Japan if

A. U.S. labor productivity equaled 40 units per hour and Japan's 15 units per
hour.
B. U.S. labor productivity equaled 15 units per hour and Japan's 25 units per
hour.
C.U.S. labor productivity equaled 15 units per hour and Japan's 40 units per
hour.
D.U.S. labor productivity equaled 30 units per hour and Japan's 20 units per
hour.

Giải thích: chi phí sx thấp hơn, nghĩa là trả lương cho worker thấp hơn

Tính chi phí sx 1 sp của từng quốc gia...

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14. In a two-country, two-product world, the statement "Germany enjoys a

comparative advantage over France in autos relative to ships" is
equivalent to

A. France having a comparative advantage over Germany in ships.

B. France having no comparative advantage over Germany.
C. Germany having a comparative advantage over France in autos and
ships.
D. France having a comparative disadvantage compared to Germany in
autos and ships.

15. If the United States' production possibility frontier was flatter to the
widget axis, whereas Germany's was flatter to the butter axis, we know
that

A. Germany has comparative advantages in both products.

B. the U.S. has a comparative disadvantage in widgets.
C.Germany has a comparative advantage in butter.
D. the U.S. has a comparative advantage in butter.

Giải thích: vẽ đường... ra

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