Test Bank For Essentials of International Economics 2nd Edition By Robert C. Feenstra

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Edition:  2nd Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Test Bank For Essentials of International Economics 2nd Edition By Robert C. Feenstra

Multiple Choice 0 points
Question
Which of the following is NOT a reason why countries trade goods with each other?
Answer differences in technology used in different countries
differences in countries’ total amount of resources
the proximity of countries to one another
differences in countries’ languages and cultures
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Multiple Choice 0 points
Question
David Ricardo’s model, which provided an explanation of why nations trade, was based on:
Answer labor productivity.
technology.
population.
government control.
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Multiple Choice 0 points
Question
What is the most likely reason neighboring nations engage in trade?
Answer labor availability
similar tastes and preferences
proximity
shared membership in a free trade area
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Multiple Choice 0 points
Question
Which of the following is the most likely explanation for a Detroit construction company’s imports of Canadian concrete
blocks made in Windsor, Ontario?
Answer the Ricardian model
offshoring
technology
proximity
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Multiple Choice 0 points
Question
A country’s factors of production include:
Answer its labor.
its capital.
its natural resources.
its labor, its capital, and its natural resources.
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Multiple Choice 0 points
Question
Which of the following is not considered to be a factor of production?
Answer labor
capital
natural resources
governmen

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