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BONUS QUESTION 2:

Which cause of death and disability has increased significantly, rising from #6 to one of the top 3 causes of death in high-income countries?

Which of the following has remained the leading cause of death in high-income countries from 1990 to 2019 and remains the leading cause of death in high-income countries?

PART 1: MULTIPLE CHOICE Choose the best answer for the following questions. Canvas will save your results as you go. 

The free trade relative price of motor vehicles to electrical products is ______ than it was in autarky in Malaysia.

Use the following information to answer questions 9-12. Make all of the regular assumptions of the 2 good/2 country Ricardian Model. The goods are aircraft and motor vehicles. The countries are the US and Japan. Under free trade with the United States, the wage earned if workers make motor vehicles in Japan is higher than the wage earned if workers make aircraft in Japan.  Japan produces

Use the folowing to answer questions 17-20:  The US and China produce 5 goods: Cars, furniture, textiles, pharmaceuticals, and corn. Labor is the only factor and there is perfect competition and constant marginal product of labor in all countries. The wage in the US is 4 times that of the wage in China.   The table below summarizes the marginal products of labor in each country for each good.   MPL in US MPL in China Cars 32 4 Furniture 10 8 Textiles 3 3 Pharmaceuticals 12 2.5 Corn 10 2

  Section 3: (Short Essay Question) Choose 1 of the following questions.  Clearly indicate which question you are answering by first typing Choice 1 or Choice 2. Type your answer in the space provided. Choice 1: What does the Ricardian model predict about the real wages of workers whose sector contracts after import competition? Explain why this is or is not a realistic assumption. Choice 2: One criticism of trade is that on the one hand, trade with low wage countries exploits their labor. On the other, it also causes lower wages in rich countries. How would proponents of the Ricardian model respond to these criticisms? Is the Ricardian limited in some sense to discuss these issues? Explain.          

The free trade relative price of motor vehicles to electrical products in the United States is ______  compared to what is was in autarky.

Use the following to answer questions 13-15: Make all of the regular assumptions of the 2 good/2 country Ricardian Model. The goods are electrical products and motor vehicles. The countries are Malaysia and the US. When opening up to free trade with Malaysia, some, but not all, workers making electrical products switch to making motor vehicles in the United States.  In this situation, does Malaysia gain from trade?