Briefly explain the major argument of the factor endowment trade theory
What will be an ideal response?
Countries will tend to specialize in the production of commodities making intensive use
of their relatively abundant factors of production; for example, unskilled labor, or natural resources.
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A long line at the campus bookstore at the beginning of the term is an example of
A) price rationing. B) an ineffective price ceiling. C) a non-price rationing device. D) an ineffective price floor.
Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system. b. Ensuring that credit ratings came from a government agency rather than private credit rating agencies c. Solving the "too big to fail" problem in the U.S. financial system. d.Reducing systemic threats to the U.S. financial system.