Author Question: Refer to Table 2-14. If the two countries specialize and trade, who should export motorcycles? A) ... (Read 38 times)

Bernana · **on:** Jun 29, 2018

Refer to Table 2-14. If the two countries specialize and trade, who should export motorcycles?

A) There is no basis for trade between the two countries.
B) They should both be importing motorcycles.
C) Scotland
D) Ireland

Question 2

________ occurs when actions taken by one party to a transaction are different from what the other party expected at the time of the transaction.

A) Adverse selection B) Risk aversion C) Moral hazard D) Fraud