Question : 11) There will be no gains from specialization and trade : 1384514

Economics

11) There will be no gains from specialization and trade between two countries if

1) neither country has an absolute advantage in the production of any good;

2) neither country has a comparative advantage in the production of any good;

3) opportunity costs are the same in the two countries.

A) 1 only

B) 2 only

C) 3 only

D) 1 and 2

E) 2 and 3

12) There will be no gains from specialization and trade between two countries if

1) neither country has an absolute advantage in the production of any good;

2) neither country has a comparative advantage in the production of any good;

3) opportunity costs differ too much between the two countries.

A) 1 only

B) 2 only

C) 3 only

D) 1 and 2

E) 2 and 3

13) Consider two countries that can produce rice and other products. If neither country has an absolute advantage in the production of rice,

A) there is no possibility that either country will import rice from the other.

B) neither country can possibly have a comparative advantage in the production of rice.

C) rice will still be traded as long as one of the countries has a comparative advantage in its production.

D) the opportunity cost of producing rice must be identical in the two countries.

E) then rice should not be produced.

14) If a country has a comparative advantage in the production of soybeans, and it trades freely with other countries, it will most probably

A) derive no advantage from any trade in soybeans.

B) increase its consumption of soybeans.

C) export soybeans.

D) import soybeans.

E) not consume soybeans.

15) Consider a country that is initially autarkic and then engages freely in international trade. If a country has a comparative advantage in the production of soybeans, it will most probably

A) derive no advantage from any trade in soybeans.

B) decrease the production of soybeans for domestic consumption.

C) increase the production of soybeans for domestic consumption.

D) increase the production of soybeans to allow for the export of soybeans.

E) import soybeans

16) Refer to Table 33-1. Country A has an absolute advantage in producing good X if

A) (Xa/Ya) is less than (Xb/Yb).

B) Xa is less than Xb.

C) Xa is less than Ya.

D) (Xa/Xb) is less than (Ya/Yb).

E) Xa = Xb.

17) Refer to Table 33-1. Country A has a comparative advantage in producing good X if

A) (Xa/Ya) is less than (Xb/Yb).

B) (Xa/Xb) is greater than (Ya/Yb).

C) (Xa/Ya) is greater than (Xb/Yb).

D) Xa is less than Yb.

E) Xa = Xb.

18) Refer to Table 33-1. There is no scope for gains from trade due to specialization between the two countries if

A) (Xa/Ya) is greater than (Xb/Yb).

B) Xa is equal to Yb.

C) (Xa/Ya) is equal to (Xb/Yb).

D) Xa is less than Yb and Ya is less than Yb.

E) Xa is less than Xb.

19) Suppose that Spain is currently producing 90 units of wine and 10 units of cheese, but to produce 10 more units of cheese it must sacrifice 30 units of wine. Further, suppose that Portugal produces 45 units of wine and 45 units of cheese, but to produce 10 more units of cheese it must sacrifice only 10 units of wine. It can be concluded that

A) Portugal has an absolute advantage in both wine and cheese production.

B) Portugal has an absolute advantage in wine production and Spain has an absolute advantage in cheese production.

C) Spain has an absolute advantage in both wine and cheese production.

D) neither country has an absolute advantage in the production of either wine or cheese.

E) more information is needed to conclude anything about absolute advantage in either country.

20) Suppose that Spain is currently producing 90 units of wine and 10 units of cheese, but to produce 10 more units of cheese it must sacrifice 30 units of wine. Further, suppose that Portugal produces 45 units of wine and 45 units of cheese, but to produce 10 more units of cheese it must sacrifice only 10 units of wine. It can be concluded that

A) Portugal has an absolute advantage in both wine and cheese production.

B) Portugal has an absolute advantage in wine production and Spain has an absolute advantage in cheese production.

C) Spain has an absolute advantage in both wine and cheese production.

D) Spain has a comparative advantage in the production of wine and Portugal has a comparative advantage in the production of cheese.

E) more information is needed to conclude anything about comparative advantage in either country.

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.