The Two-Country, Multi-Product Model Differs from the Two-Country, Two-Product Model

question 44

Multiple Choice

The two-country, multi-product model differs from the two-country, two-product model in that, in the former

• A) the relative wage ratio will determine the pattern of trade ( which good is exported by which country).
• B) which country will export which product is determined entirely by labor productivity data.
• C) full specialization is likely to hold in equilibrium.
• D) none of the goods are potentially nontraded.
• E) domestic relative prices are not relevant.

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Definitions:

Panic Disorder

A type of anxiety disorder characterized by sudden and repeated attacks of intense fear accompanied by physical symptoms.

Chest Pains

A discomfort or pain that may be felt anywhere along the front of the body between the neck and upper abdomen, often indicating heart or lung conditions.

Panic Disorder

An anxiety disorder characterized by recurring severe panic attacks and the fear of a panic attack occurring.

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions).