| Hint | Answer | % Correct |
|---|---|---|
| Who showed that in the 2019 US-China trade war, the minority who benefitted were actively supporting and incurring costs to support Trump, while consumers didn't? | Autor et al. (2024) | 100%
|
| Who found that US congress passed NAFTA in 1994, despite trade unions strongly opposing it? Proving by counterfactual | Baldwin and Magee (2000) | 100%
|
| Who found that TFA increased trade in agricultural goods? | Beverelli et al. (2023) | 100%
|
| PPP on Big Macs showed that the £ was undervalued. | Big Mac Index (2025) | 100%
|
| Who used R&D as an investment for productivity to find that there was a 6.5 elasticity of exports to productivity? | Costinot et al. (2012) | 100%
|
| Who found that TFA reduced trade costs? | Duval and Utoktham (2022) | 100%
|
| Who showed that International trade caused US welfare to rise by 0.85% of GDP/year, due to lower markups and product variety? | Feenstra and Weinstein (2017) | 100%
|
| Who wrote that Trump's 2018 tariffs reduces US income by $1.4bn? | Feldmann (2024) | 100%
|
| Tested US productivity against other nations, finding that the US exports where they are more productive. | Golub and Hsieh (2000) | 100%
|
| Who showed that countries contribute more value-added in sectors where they can use their abundant factors? | Ito et al. (2017) | 100%
|
| Average money supply growth and inflation moved almost proportionally in a log-log scale | Latin America (1980-2014) | 100%
|
| What contradicts Heckscher-Ohlin by showing that US exports labour intensive goods despite being a capital abundant country? | Leontief Paradox (1953) | 100%
|
| Who compared US and UK labour productivity in 1937 to find that the US exported where they were 2x as productive? | McDougall (1951) | 100%
|
| What agreement set quotas on US clothes imports, accounting for 84% of US welfare costs? | Multi Fibre Agreement (2004) | 100%
|
| Who showed through comparing Germany and Bangladesh that countries export goods where they are skill abundant? | Romalis (2004) | 100%
|
| Which nation scrapped a 1.2CHF to Euro fixed rate causing a 30% increase in FX in minutes? | Switzerland (2015) | 100%
|
| What caused a reduction in trade costs, and an increase in trade volume and GDP? | TFA (2015) | 100%
|
| Who showed that the TFA between US and CA increased labour productivity by 15% due to more efficiency? | Trefler (2004) | 100%
|