EC 481 Midterm
EC 481/581, Winter 2011 Prof. Anca Cristea
NAME: __________________________ ID #: __________________________
Midterm Exam
There are 10 multiple-‐choice questions worth 2 points each; 5 short answer questions worth 4 points each; and 3 problems involving graphs and/or minor computations, with multiple questions per problem, each questions worth 8 points. The total number of points is 120. Budget your time accordingly. Please write legibly.
Questions 1-10: MULTIPLE CHOICE (2 points each)
1. One way to gauge the overall importance and impact of trade on a nation is to measure: a. wage distortions and job loss b. the ratio of total imports and exports expressed as a percent of a nation’s GDP c. shipping costs d. rises in national income due to trade.
2. The focus of the Ricardian model is on: a. how countries’ resource bases explain international trade b. how countries’ different technologies explain international trade c. how transportation costs explain international trade d. how different languages and cultures explain international trade
3.
NAME: __________________________ ID #: __________________________
Midterm Exam
There are 10 multiple-‐choice questions worth 2 points each; 5 short answer questions worth 4 points each; and 3 problems involving graphs and/or minor computations, with multiple questions per problem, each questions worth 8 points. The total number of points is 120. Budget your time accordingly. Please write legibly.
Questions 1-10: MULTIPLE CHOICE (2 points each)
1. One way to gauge the overall importance and impact of trade on a nation is to measure: a. wage distortions and job loss b. the ratio of total imports and exports expressed as a percent of a nation’s GDP c. shipping costs d. rises in national income due to trade.
2. The focus of the Ricardian model is on: a. how countries’ resource bases explain international trade b. how countries’ different technologies explain international trade c. how transportation costs explain international trade d. how different languages and cultures explain international trade
3.