review2 - Review2 ClicktoeditMastersubtitlestyle 11 4/19/11...

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1 of 114 Click to edit Master subtitle style  4/19/11 Review 2 11
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2 of 114  4/19/11 In a capital-intensive industry, the capital/labor ratio  will: A) rise as the wage/rental ratio falls. B) fall as the wage/rental ratio falls. C) rise as the country's capital stock rises. D) fall as the country's capital stock falls. 22
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3 of 114  4/19/11 What are the pretrade  quantities of shoes and  computers produced by this  nation? A) 300 shoes; 300 computers B) 225 shoes; 175 computers C) 225 shoes; 200 computers D) 150 shoes; 300 computers 33
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4 of 114  4/19/11 What is the equilibrium  post-trade point of  production? A) A B) B C) C D) D 44
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5 of 114  4/19/11 How many shoes will this  nation export? A) 0 B) 125 C) 350 D) 500 55
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 4/19/11 How many shoes will this  nation import? A) 0
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This note was uploaded on 04/18/2011 for the course ECON 4633 taught by Professor Jingpinggu during the Spring '11 term at Arkansas.

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review2 - Review2 ClicktoeditMastersubtitlestyle 11 4/19/11...

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