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Author Question: Investment banks in the U.S. are A) regular banks specializing in investment projects. B) not ... (Read 99 times)

bucstennis@aim.com

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on: Jun 30, 2018
Investment banks in the U.S. are
 
  A) regular banks specializing in investment projects.
  B) not banks at all but institutions which specialize in underwriting sales of stocks and bonds.
  C) special arm of the U.S. government for U.S. banks operating outside the U.S.
  D) regular banks specializing in investment projects, but allowed to offer limited domestic transactions.
  E) international banks that are heavily invest in the U.S.

Question 2

No country is abundant in everything. Discuss.
 
  What will be an ideal response?


britb2u

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The concept of factor abundance is (like factor intensities) a relative concept. When we identify a country as being capital abundant, we mean that it has more capital per worker than does the other country. If one country has more capital worker than another, it is an arithmetic impossibility that it also has more workers per unit of capital.


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