Krugman_TB_ch11

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Unformatted text preview: abor standards in trade agreements because M A) hey believe this would involve a loss of their national sovereignty. t B) hey believe this would limit their ability to export to rich markets. t C) hey believe this would create an uneven playing field. t D) ultinational corporations control them. m E) one of the above. N Answer: A Question Status: revious Edition P 5) hen Japanʹs MITI (Ministry of International Trade and Industry) focused resources on the semiconductor W industry, this was seen as a typically successful Japanese foray into a new dynamic strategic sector. The results, as viewed by the late 1990s A) ustified this view. j B) ed to similar structuring of industrial policy in the U.S. l C) ent support to the Brander-Spencer model. l D) elped shift the focus of economists away from Japanese-style industrial policy. h E) one of the above. N Answer: D Question Status: revious Edition P 6) ow wages and poor working conditions in many U.S. trade partners L A) rove that the gains-from-trade arguments of the Ricardian model are false. p B) ay be a fact of life, but economists donʹt care. m C) re facts emphasized by U.S. labor in its contract negotiations. a D) rove that the gains-from-trade arguments of the Ricardian model are true. p E) one of the above. N Answer: C Question Status: revious Edition P 7 7) he fact that clothing sold in Wal-Mart are produced by very poorly paid workers in Honduras, is a fact that T if taken into account A) ould prove to economists that the Ricardian model of comparative advantage is false. w B) ould prove to economists that the equal-value in trade concept summed up in the trade triangles is w incorrect. C) roves to economists that trade is a negative sum game. p D) roves to the Anti-Globalization Movement that trade is a negative sum game. p E) one of the above. N Answer: D Question Status: revious Edition P 8) aced with the evidence of poor working conditions and low wages in the border maquiladoras, Economists F A) hrug their shoulders and ignore...
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