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True or False
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1.
The Rybcznski theorem predicts that biased growth that involves increases in the endowment of only one factor results in declines in production by the sector that is not intensive in the growing factor.
A)TRUE
B)FALSE
2.
The product cycle hypothesis states that the location of production of a product is likely to move from developed countries to less developed countries as the product moves from introduction to maturity to standardization.
A)TRUE
B)FALSE
3.
Research has shown that a country's degree of international openness is positively correlated with the country's economic growth rate.
A)TRUE
B)FALSE
4.
If economic growth results in a large country becoming more willing to trade, the relative price of the country's export good increases.
A)TRUE
B)FALSE
5.
Immiserizing growth is characterized by improved economic welfare that results from increased openness and improved terms of trade.
A)TRUE
B)FALSE





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