单选题 Linder's theory of overlapping demand provides an explanation of:

A、 Product life cycle theory
B、 Factor endowment model
C、 Economies of large-scale production
D、 Intraindustry trade
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单选题 The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries':

A、Economies of large-scale production
B、Relative abundance of various resources
C、Relative costs of labor
D、Research and development

单选题 Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of:

A、Labor
B、Land
C、Both labor and land
D、Neither labor nor land

单选题 Hong Kong is relatively abundant in labor, while Canada is relatively abundant in capital. In both countries the production of shirts is relatively more labor intensive than the production of computers. According to the factor endowment theory, Hong Kong will have a(n):

A、Absolute advantage in the production of shirts and computers
B、Absolute advantage in the production of computers
C、Comparative advantage in the production of shirts
D、Comparative advantage in the production of computers

单选题 Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product?

A、Theory of factor endowments
B、Theory of overlapping demands
C、Economies of scale theory
D、Product life cycle theory

单选题 The Leontief paradox questioned the validity of the theory of:

A、Comparative advantage
B、Factor endowments
C、Overlapping demands
D、Absolute advantage

单选题 Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in:

A、Income levels among countries
B、Tastes and preferences among countries
C、Resource endowments among countries
D、Labor productivities among countries

单选题 Which trade theory suggests that a newly produced good, once exported, could ultimately end up being imported as the technology is transferred to lower-cost nations?

A、Factor endowment theory
B、Product life cycle theory
C、Overlapping demand theory
D、Comparative advantage theory

单选题 The Leontief paradox:

A、Was applied to the product life cycle theory
B、Suggested that the U.S. exports labor-intensive goods
C、Found that national income differences underlie world trade patterns
D、Implied that diseconomies of scale occur at low output levels