Trade Topic HO vs Feenstra Hanson
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8 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
1. The difference between the world of Heckscher-Ohlin and the current world is that
Comparative advantage of making a component, not the good lies in one country
Comparative advantage of making a component involves specialized firms but still located in one country
Comparative advantage of making a component involves specialized firms located in more than one country
A. Comparative advantage of making a component involves only one firm but located in more than one country
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
According to traditional trade theory, if the US is skilled-labor abundant and China unskilled-labor abundant, trade between the two will
Increase inequality in both the US and China
Decrease inequality in the US, but increase inequality in China
Increase inequality in the US, but decrease inequality in China
Decrease inequality in both the US and China
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
According to the Feenstra-Hanson model, if the US is skilled-labor abundant and China unskilled-labor abundant, trade between the two will
Increase inequality in both the US and China
Decrease inequality in the US, but increase inequality in China
Increase inequality in the US, but decrease inequality in China
Decrease inequality in both the US and China
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Suppose that the designing of Samsung cellphones (Task 3) and the making of chips and other components (Task 2) are done in S. Korea, and the assembly (Task 1) is done in China. The numbers on the Tasks represent a descending order of skill-intensity. If Task 2 is moved from S. Korea to China, then
It will become the least skill-intensive task in China
It will become the most skill-intensive task in China
It will become the most skill-intensive task to leave S. Korea
It will be both the least skill-intensive task to leave S. Korea and will become the least skill-intensive task in China
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppose that the designing of HP laptops (Task 3) and the making of circuit boards (Task 2) are done in the US while the assembly (Task 1) is done in China. The numbers on the Tasks represent a descending order of skill-intensity. If Task 2 is moved from the US to China, then
Skill intensity will decline in both the US and China
Skill intensity will increase in both the US and China
Skill intensity will rise in the US but decline in China
Skill intensity will decline in the US but increase in China
6.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Do foreign workers take away jobs of native born workers??
Yes
No
It depends
7.
OPEN ENDED QUESTION
3 mins • Ungraded
Immigration - What are the pros??
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