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Test Bank To accompany International Economics Theory and Policy Sixth Edition Krugman and Obstfeld With All Chapters Questions and Correct Answers 100% Complete Solution

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International Economics Theory and Policy 11th Edition Krugman Test Bank Complete Test Bank International Economics Theory and Policy 11th Edition Krugman Questions & Answers with rationales (Chapter 1-22) PDF File All Pages All Chapters Grade A+

Chapter 4: Resources and Trade: The Heckscher-Ohlin Model 1. In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would A. move the point of production along the production possibility curve. B. shift the production possibility curve outward, and increase the production of both goods. C. shift the production possibility curve outward and decrease the production of the labor-intensive product. D. shift the production possibility curve outward and decr...

International trade is logically associated with which assumption? A. Resources are less mobile internationally than domestically. B. Resources are more mobile internationally than are goods. C. Imports should exceed exports. D. Exports should exceed imports. E. None of the above. Answer: A 21. Arguments for free trade are sometimes disregarded by the political process because A. economists tend to favor highly protected domestic markets. B. economists have a universally accepted decis...

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