Problem+Set+_6+ANSWERS - Name: _ (Last name, first name)...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 181 Problem Set #6 (Fall 2010) 1/5 Name: _________________________ (Last name, first name) SID: _________________________ GSI: _________________________ Econ C181/EnvEcon C181 International Trade Professor Steven Wood Fall 2010 Problem Set #6 ANSWERS Due: December 2, 2010 (in class before 3:50:01 p.m.) Please sign the following oath: The answers on this problem set are entirely my own work. I neither copied from the work of others nor allowed others to copy from my work. _______________________________________ Signature Any problem set turned in without a signature will be assigned a grade of zero. Problem Set Instructions 1. When drawing diagrams, clearly and accurately label all axis, lines, curves, and equilibrium points. 2. Explanations MUST be word-processed. Your explanations should be succinct and to the point. 3. Graphs and equations MAY be drawn by hand.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Econ 181 Problem Set #6 (Fall 2010) 2/5 A. Multiple Choice Questions . Circle the letter corresponding to the BEST answer (3 points each.) 1. Sophisticated theoretical arguments supporting import-substitution policies include: a. Terms of trade effects. b. The problem of appropriability. c. Internal economies of scale considerations. d. External economies of scale considerations. 2. Which of the following could explain why the terms of trade of developing countries might deteriorate over time? a. Developing country exports consist mainly of primary products. b. Developing country exports consist mainly of manufactured goods. c. Commodity export prices are determined in highly competitive markets. d. Commodity export prices are solely determined by developing countries. 3. The paradox that even though all countries would benefit if each chose free trade but in fact each tends to follow protectionist policies is an example of: a. A trade war. b.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/10/2011 for the course EEP 181 taught by Professor Wood during the Spring '10 term at University of California, Berkeley.

Page1 / 5

Problem+Set+_6+ANSWERS - Name: _ (Last name, first name)...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online