Question : 11) As a result of trade, specialization in the Ricardian : 1303479

11) As a result of trade, specialization in the Ricardian model tends to be

A) complete with constant costs and with increasing costs.

B) complete with constant costs and incomplete with increasing costs.

C) incomplete with constant costs and complete with increasing costs.

D) incomplete with constant costs and incomplete with increasing costs.

E) dependent on the specific opportunity costs involved in production.

12) As a result of trade between two countries which are of completely different economic sizes, specialization in the Ricardian 2X2 model tends to

A) be incomplete in both countries.

B) be complete in both countries.

C) be complete in the small country but incomplete in the large country.

D) be complete in the large country but incomplete in the small country.

E) sustain one countries economy in in direct proportion to the other.

13) A nation engaging in trade according to the Ricardian model will find its consumption bundle

A) inside its production possibilities frontier.

B) on its production possibilities frontier.

C) outside its production possibilities frontier.

D) inside its trade-partner’s production possibilities frontier.

E) on its trade-partner’s production possibilities frontier.

14) In the Ricardian model, if a country’s trade is restricted, this will cause all EXCEPT which?

A) limited specialization and the division of labor

B) reduced volume of trade and reduced gains from trade

C) nations to produce inside their production possibilities curves

D) a country to produce some of the product of its comparative disadvantage

E) raised costs as more diverse product is produced internally

15) If a very small country trades with a very large country according to the Ricardian model, then

A) the small country will suffer a decrease in economic welfare.

B) the large country will suffer a decrease in economic welfare.

C) the small country only will enjoy gains from trade.

D) the large country will enjoy gains from trade.

E) both countries will enjoy equal gains from trade.

16) If the world terms of trade for a country are somewhere between the domestic cost ratio of H and that of F, then

A) country H but not country F will gain from trade.

B) country H and country F will both gain from trade.

C) neither country H nor F will gain from trade.

D) only the country whose government subsidizes its exports will gain.

E) country F but not country H will gain from trade.

17) If the world terms of trade equal those of country F, then

A) country H but not country F will gain from trade.

B) country H and country F will both gain from trade.

C) neither country H nor F will gain from trade.

D) only the country whose government subsidizes its exports will gain.

E) country F but not country H will gain from trade.

18) If the world terms of trade equal those of country H, then

A) country H but not country F will gain from trade.

B) country H and country F will both gain from trade.

C) neither country H nor F will gain from trade.

D) only the country whose government subsidizes its exports will gain.

E) country F but not country H will gain from trade.

19) According to Ricardo, a country will have a comparative advantage in the product in which its

A) labor productivity is relatively low.

B) labor productivity is relatively high.

C) labor mobility is relatively low.

D) labor mobility is relatively high.

E) labor is outsourced to neighboring countries.

20) Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would be lower in the United States as compared to Japan if

A) U.S. labor productivity equaled 40 units per hour and Japan’s 15 units per hour.

B) U.S. labor productivity equaled 30 units per hour and Japan’s 20 units per hour.

C) U.S. labor productivity equaled 20 units per hour and Japan’s 30 units per hour.

D) U.S. labor productivity equaled 15 units per hour and Japan’s 25 units per hour.

E) U.S. labor productivity equaled 15 units per hour and Japan’s 40 units per hour.

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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.