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Technological Change and International Trade

Technological Change and International Trade

10 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

How does technological change affect international trade?

  1. It increases the demand for imported goods.
  2. It decreases the demand for imported goods.
  3. It has no effect on the demand for imported goods.
  4. It increases the demand for exported goods.
Question 2 Multiple Choice (Single Answer)

How does technological change affect the comparative advantage of countries?

  1. It increases the comparative advantage of countries that are technologically advanced.
  2. It decreases the comparative advantage of countries that are technologically advanced.
  3. It has no effect on the comparative advantage of countries.
  4. It increases the comparative advantage of countries that are not technologically advanced.
Question 3 Multiple Choice (Single Answer)

How does technological change affect the terms of trade?

  1. It improves the terms of trade for countries that are technologically advanced.
  2. It worsens the terms of trade for countries that are technologically advanced.
  3. It has no effect on the terms of trade.
  4. It improves the terms of trade for countries that are not technologically advanced.
Question 4 Multiple Choice (Single Answer)

How does technological change affect the distribution of income within countries?

  1. It increases the income of skilled workers.
  2. It decreases the income of skilled workers.
  3. It has no effect on the income of skilled workers.
  4. It increases the income of unskilled workers.
Question 5 Multiple Choice (Single Answer)

Which of the following is an example of a technological change that has had a significant impact on international trade?

  1. The development of the internet
  2. The development of the steam engine
  3. The development of the automobile
  4. The development of the airplane
Question 6 Multiple Choice (Single Answer)

Which of the following is an example of a technological change that has had a significant impact on the comparative advantage of countries?

  1. The development of the cotton gin
  2. The development of the computer
  3. The development of the printing press
  4. The development of the transistor
Question 7 Multiple Choice (Single Answer)

Which of the following is an example of a technological change that has had a significant impact on the terms of trade?

  1. The development of the Suez Canal
  2. The development of the Panama Canal
  3. The development of the transatlantic telegraph cable
  4. The development of the jet engine
Question 8 Multiple Choice (Single Answer)

Which of the following is an example of a technological change that has had a significant impact on the distribution of income within countries?

  1. The development of the assembly line
  2. The development of the computer
  3. The development of the internet
  4. The development of the smartphone
Question 9 Multiple Choice (Single Answer)

How can governments promote technological change?

  1. By investing in research and development.
  2. By providing incentives for businesses to invest in research and development.
  3. By creating a regulatory environment that encourages innovation.
  4. All of the above.
Question 10 Multiple Choice (Single Answer)

How can businesses promote technological change?

  1. By investing in research and development.
  2. By collaborating with other businesses and research institutions.
  3. By creating a culture of innovation.
  4. All of the above.
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