Podcast
Questions and Answers
What is the Stolper-Samuelson theorem predicting?
What is the Stolper-Samuelson theorem predicting?
- A relative rise in unskilled wages coinciding with a relative increase in skill-intensive good prices
- A relative rise in skilled wages coinciding with a relative increase in skill-intensive good prices (correct)
- A relative rise in unskilled wages coinciding with a relative decrease in skill-intensive good prices
- A relative rise in skilled wages coinciding with a relative decrease in skill-intensive good prices
What is one possible explanation for the observed rise in inequality?
What is one possible explanation for the observed rise in inequality?
- Skill-biased technological change (correct)
- Rise of domestic demand
- Offshoring of manufacturing jobs
- Decrease in international trade
What did the Industrial Revolution result in, according to the text?
What did the Industrial Revolution result in, according to the text?
- Real wages of British capitalists decreased
- Increase in demand for handmade goods
- Stagnation of real wages for weavers (correct)
- Real wages of weavers increased
How does offshoring impact the demand for skilled labor?
How does offshoring impact the demand for skilled labor?
What are the three facts explained by offshoring that are not consistent with the H-O model?
What are the three facts explained by offshoring that are not consistent with the H-O model?
In which regions of the US were labor markets most exposed to Chinese import competition?
In which regions of the US were labor markets most exposed to Chinese import competition?
What was observed in the more exposed commuting zones (CZs) between 2000 and 2007?
What was observed in the more exposed commuting zones (CZs) between 2000 and 2007?
'Trade Liberalization in Brazil Displaced workers' section implies that trade can:
'Trade Liberalization in Brazil Displaced workers' section implies that trade can:
'Open Question 1: What should be done with displaced workers?' suggests that displaced workers may need:
'Open Question 1: What should be done with displaced workers?' suggests that displaced workers may need:
'Open Question 2: Should workers displaced due to imports be treated differently than workers displaced due to computerization?' suggests that the treatment could be based on:
'Open Question 2: Should workers displaced due to imports be treated differently than workers displaced due to computerization?' suggests that the treatment could be based on:
According to the H-O model, who gains from trade?
According to the H-O model, who gains from trade?
What is the effect of trade on wage inequality in the USA according to the text?
What is the effect of trade on wage inequality in the USA according to the text?
What is the main explanation given in the text for the shift in employment towards skilled workers despite rising relative wages for them?
What is the main explanation given in the text for the shift in employment towards skilled workers despite rising relative wages for them?
Which theorem is linked to an increase in the real return to a factor used intensively in production of a good?
Which theorem is linked to an increase in the real return to a factor used intensively in production of a good?
Which countries experienced a rise in skilled relative wages and returns to university education during the 80/90s according to the text?
Which countries experienced a rise in skilled relative wages and returns to university education during the 80/90s according to the text?
What is the correlation mentioned in the text in relation to industrial prices and imports from developing countries?
What is the correlation mentioned in the text in relation to industrial prices and imports from developing countries?
