Krugman_TB_ch11

I b sconsistentwiththemarketfailureapproach i c

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Unformatted text preview: hen one applies the Heckscher-Ohlin model of trade to the issue of trade-related income redistributions, W one must conclude that North South trade, such as U.S.-Mexico trade, A) ust help low skill workers on both sides of the border. m B) s likely to hurt high-skilled workers in the U.S. i C) s likely to hurt low-skilled workers in the U.S. i D) s likely to hurt low-skilled workers in Mexico. i E) one of the above. N Answer: C Question Status: revious Edition P 20) he evidence usually cited to prove that globalization hurts workers in developing countries T A) s inconclusive due to poor statistical design of the underlying samples. i B) s inconclusive due to the poorly funded Central Statistical Office of Mexico. i C) s inconclusive due to the ambiguous theoretical implications of the findings. i D) s conclusive. i E) one of the above. N Answer: C Question Status: revious Edition P 4 21) he proposal that trade agreements should include a system which monitors worker conditions and make T the results available to consumers in the rich importing country A) s consistent with the Invisible Hand paradigm. i B) s consistent with the market failure approach. i C) s consistent with the Ricardian theory of comparative advantage. i D) s consistent with the scale economies approach to trade theory. i E) one of the above. N Answer: B Question Status: revious Edition P 22) abor standards in trade are typically opposed by most developing countries who believe that they will be L used A) o further neo-imperialist colonial exploitation. t B) o charge these countries with crimes against child-labor standards at the Hague. t C) s a protectionist tool by import-competing producers in industrial countries. a D) s a means of spreading U.S. Corporate Values and destroying local cultures. a E) one of the above. N Answer: C Question Status: revious Edition P 23) he WTO seems at times to be interfering in domestic policy since T A) he line between domestic policies and de factor protectionism is often fuzzy. t B) t is a supra-national...
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This note was uploaded on 02/27/2013 for the course ECON 205 taught by Professor None during the Spring '13 term at Pomona College.

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