PART ONE: INTERNATIONAL TRADE THEORY
ECONOMIC GROWTH AND INTERNATIONAL TRADE

1. Dynamic factors in trade theory refer to changes in:

2. Doubling the amount of L and K under constant returns to scale:

3. Doubling only the amount of L available under constant returns to scale:
 
4. Doubling only the amount of L available under constant returns to scale:

5. Doubling L is likely to:

6. Technical progress that increases the productivity of L proportionately more than the productivity of K is called:

7. A 50 percent productivity increase in the production of commodity Y:

8. Doubling L with trade in a small L-abundant nation:

9. Doubling L with trade in a large L-abundant nation:

10. If, at unchanged terms of trade, a nation wants to trade more after growth, then the nation's terms of trade can be expected to:

11. A proportionately greater increase in the nation's supply of labor than of capital is likely to result in a deterioration in the nation's terms of trade if the nation exports:

12. Technical progress in the nation's export commodity:

13. Doubling K with trade in a large L-abundant nation:

14. An increase in tastes for the import commodity in both nations:

15. An increase in tastes of the import commodity of Nation A and export in B:
back to "trade finance page"