E452exs3S09

E452exs3S09 - Name FINAL EXAM Economics 452 International...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
N a m e FINAL EXAM Economics 452 International Trade Theory and Policy Spring 2009 1 FACTOR MOBILITY 1-4 Dubai and Sri Lanka produce energy using labor and land and share the same technology. Initially, labor is scarce relative to land in Dubai compared to Sri Lanka. Consider the effects of allowing labor to move freely between the two countries. 1. Who benefits in Dubai? a) workers b) landowners c) workers and landowners d) neither workers nor landowners e) cannot tell from the information given 2. Who is hurt in Dubai? a) workers b) landowners c) workers and landowners d) neither workers nor landowners e) cannot tell from the information given 3. Who benefits in Sri Lanka? a) all workers, regardless of whether they leave or stay b) only workers who stay c) only workers who leave d) landowners e) landowners and workers who stay 4. Who is hurt in Sri Lanka? a) all workers, regardless of whether they leave or stay b) only workers who stay c) only workers who leave d) landowners e) landowners and workers who stay
Background image of page 1

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

View Full DocumentRight Arrow Icon
2 FOREIGN DIRECT INVESTMENT 5-8 A U.S. firm is deciding how to serve the market in Mexico. 5. If the firm lacks ownership advantage, what mode will it chose? a) exports b) foreign direct investment c) licensing d) joint ventures e) stay out of Mexican market 6. If there is no location advantage, what mode will the firm choose? a) exports b) foreign direct investment c) licensing d) outsourcing e) stay out of Mexican market 7. If there is no internalization advantage, what mode will the firm choose? a) exports b) foreign direct investment c) licensing d) exports and foreign direct investment e) stay out of Mexican market 8. If there are ownership, location, and internalization advantages, what mode will the firm choose? a) exports b) foreign direct investment c) licensing d) exports and licensing e) stay out of Mexican market
Background image of page 2
3 TRADE POLICIES 9-12 Brazil, a large country, removes a binding quota on imports of industrial goods from the United States.
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/13/2012 for the course ECON 452 taught by Professor Vacaflores during the Spring '06 term at Texas A&M.

Page1 / 14

E452exs3S09 - Name FINAL EXAM Economics 452 International...

This preview shows document pages 1 - 4. Sign up to view the full document.

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