International Trade Theory and Policy
by Steven M. Suranovic

Trade 70

Trade 70

Trade Problem Set 70 J-1

DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is, "a tax on imports", then the correct question is, "What is a tariff?"


  1. this term is used to describe the inputs into a production process
  2. the assumption about factor mobility in the Ricardian and Heckscher-Ohlin models
  3. the assumption about employment of resources in the Ricardian and Heckscher-Ohlin models.
  4. between a weaving loom and a cargo truck, this resource is likely to be more easily adapted for use in an alternative industry.
  5. between an accountant and a stone carver, this occupation is likely to be more easily adapted for use in an alternative industry.
  6. between a young workers and old workers, this type's skills are likely to be more easily adapted for use in an alternative industry.
  7. following this process, specialized capital equipment can be moved in time to alternative industries.
  8. between the short-run and long-run, this time frame is more associated with a restricted degree of factor mobility.
  9. this one assumption distinguishes the immobile factor model from the Ricardian model.
  10. the shape of the production possibility set in the immobile factor model.
 

International Trade Theory and Policy - Chapter 70: Last Updated on 1/06/08