Developing countries tend to have comparative advantages in
A. land-intensive and unskilled-labor-intensive goods.
B. only skilled-labor-intensive goods.
C. only capital-intensive goods.
D. both skilled-labor and capital-intensive goods.
Answer: A
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A) closed B) communist C) command D) open
Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort
Indicate whether the statement is true or false
Moral hazard is an important concern of insurance arrangements because the existence of insurance
A) provides increased incentives for risk taking. B) is a hindrance to efficient risk taking. C) causes the private cost of the insured activity to increase. D) creates an adverse selection problem but no moral hazard problem.
A major tax overhaul is more likely to be in the public interest that a small tax reform
a. True b. False