Refer to the figure above. If this country is labor abundant, then according to the HO theory good X should be ________ intensive
A) capital
B) labor
C) both capital and labor
D) Can't tell without more information
B
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Reasons for the ECB acceding to a bailout of troubled financial sectors in Eurozone nations include all the following, EXCEPT:
A) the desire to recognize bad loans by writing them off to protect the fragile fiscal situation of the troubled nations. B) the desire to prevent a loss of confidence in euro-denominated debt. C) a desire to protect core EU banks. D) a desire to protect the collateral assets in the ECB portfolio.
Which of the following would be LEAST likely to contribute to a moral hazard problem among drivers?
A) Provide medical coverage to all drivers, their passengers, and any and all individuals involved in the accident, no matter who was at fault. B) Provide medical coverage and car repair/replacement coverage to drivers, their passengers, and any and all individuals involved in the accident, no matter who was at fault. C) Modify all cars to remove the driver's seatbelt and the steering wheel air bag. D) Pass a law limiting the amount of damages that juries may award in accident cases. E) Make automobile insurance mandatory for all drivers.