Which of the following statements is TRUE for the U.S.?
A) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to 250,000.
B) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to 100,000.
C) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against losses up to 10,000.
D) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against natural disaster up to 100,000.
E) The Federal Deposit Insurance Corporation (FDIC) insures bank deposits against floods up to 100,000.
Question 2
Starting from an autarky (no-trade) situation with Heckscher-Ohlin model, if Country H is relatively labor abundant, then once trade begins
A) wages should rise and rents should fall in H.
B) wages and rents should rise in H.
C) wages and rents should fall in H.
D) wages should fall and rents should rise in H.
E) rent will be unchanged but wages will rise in H.
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