課程名稱︰國際貿易理論與政策
課程性質︰必修
課程教師︰盧信昌
開課學院：管理學院
開課系所︰國際企業學系
考試日期（年月日）︰2012/10/24
考試時限（分鐘）：120分鐘
是否需發放獎勵金：是
試題 :
1. Refer to the following table and assume that the total labor supply in
Taiwan is 4 and the total labor supply in Vietnam is 8.
Taiwan Vietnam
Telephone produced 50 10
Radio produced 10 5
a. What is the opportunity cost of 1 unit of telephones interms of radios in
Taiwan? In Vietnam?
b. Which country has comparative advantages in radio? In telephone?
c. If the two countries engage in international trade, what will Taiwan
produce and how many?
2. What is paradoxical about the results of Leontief's test of the Heckscher-
Ohlin model? Please describe the main result and key assumptions used in the
HO model and the test. How can one modify the classification of country endow-
ment, especially in labor, to account for the paradox in trade statistics.
3. Consider two countries, Spain and Italy, where only two factors of produc-
tion are capital and labor. Spain has 100 units of capital and 400 units of
labor, and Italy has 200 units of capital and 100 units of labor. Both coun-
tries produce two goods, cheese and suits. The labor share in total production
is 75% for cheese but only 25% for suits. Which country is capital-abundant?
What will be the export from Spain?
4. Compare the basis for trade between the Ricardian model and Heckscher-Ohlin
model. List the main assumptions and compare their implication in output as
well as gains from trade.
5. "Professionals and highly educated workers are more likely to oppose limits
on free trade as compared with high-school-educated workers because they have
a better understanding of international trade." COmment, please.
6. Use the information given here to answer the following questions:
Manufacturing: Agriculture:
Sales revenue=Pm*Qm=150 Sales revenue=Pa*Qa=150
Payments to labor=W*Lm=100 Payments to labor=W*La=50
Payments to capital=Rk*K=50 Payments to land=Rt*T=100
Holding the proce of manufacturing constant, suppose the increase in the price
of agriculture is 10% and the increase in the wage is 5%.
a. Determine the impact of the increase in the price of agriculture on the
rental on land and the rental on capital.
b. Explain what has happend to the real rental on land and the real rental on
capital.
7. When labor shifts from agriculture to manufacturing, why does the marginal
product of capital increase while the marginal product of land falls?
8. While we experience of negative growth in trade performance for the past
ear, why is the umployment rate not increasing and the business economy seems
to be fine?
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