Single Choice Question (1) What are the exceptions to the trade cycle? (Topic 19
ID: 1131391 • Letter: S
Question
Single Choice Question(1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1) Single Choice Question
(1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1) Single Choice Question
(1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1) Single Choice Question
(1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1) (1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1) (1) What are the exceptions to the trade cycle? (Topic 19) A. traditional handicraft goods B. synthetic materials C.electronic products D.office machinery
(2) Which product follow the product life cycle model? (Topic 19) A. agricultural products B. mining C. American cigarettes D. consumer durables
(3) Which factor that the economic growth of the country depends on is endogenous? (Topic 27) A. Geography B. Economic Policies C. Demographic trends D. Social-cultural factors
(4) Which factor that the economic growth of the country depends on is exogenous? (Topic 27) A. Political factors B. Human capital C. Openness to trade D. Research & Development
(5) Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of (Topic 8) A. Labor B.Land C.Both labor and land D.Neither labor nor land
(6 ).The Leontief paradox provided (Topic 12) A.Support for the principle of absolute advantage B.Support for the factor endowment model C.Evidence against the factor endowment model D.Evidence against the principle of absolute advantage
(7) According to the principle of comparative advantage, specialization and trade increase a nation’s total output since (Topic 1)
Explanation / Answer
Question 1). Answer :- Option B). Synthetic materials.
Question 2). Answer :- Option D). Consumer durables.
Question 3). Answer :- Option B). Economic Policies.
Question 4). Answer :- Option D). Research & Development.
Question 5). Answer :- Option A). Labor.
Question 6). Answer :- Option C). Evidence against the factor endowment model.
Question 7). Answer :- Resources are directed to their highest productivity.