{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chap011 - Chapter 11 Economic Growth and International...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 11 - Economic Growth and International Trade Chapter 11 Economic Growth and International Trade Multiple Choice Questions 1. In the analysis of growth and trade, if a country's national income growth leads to an absolute increase in imports but to a slower relative growth in imports than in national income, this growth pattern is called __________ growth. A . Antitrade biased b. Protrade biased c. Ultra-antitrade biased d. Neutral 2. Growth of the scarce factor in the large-country case will, other things equal, a. Always expand trade and improve the terms of trade b. Expand both exports and imports and lead to an improvement in the terms of trade c. Result in a protrade production effect and a deterioration in the terms of trade D . Result in an ultra-antitrade production effect and an improvement in the terms of trade 3. If population growth is taking place, a. One can no longer meaningfully compare community indifference curves to evaluate the impact of growth and trade b. The growth in population must be accompanied by increased capital stock or changes in technology if social welfare is to increase (if increasing returns to scale are not present) c. The production-possibilities frontier will shift out relatively more for the labor- intensive good than for the capital-intensive good D . All of the above
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern