Author Question: Let Kj and Lj denote the capital and labor stocks of country j (j = A,B), then country A is said to ... (Read 151 times)

nelaaney · **on:** Jun 30, 2018

Let Kj and Lj denote the capital and labor stocks of country j (j = A,B), then country A is said to be capital abundant relative to country B if

A) KA > KB.
B) KA/LA > KB/LB.
C) LA < LB.
D) All of the above.

Question 2

The Four Freedoms are an important goal of the

A) Treaty of Rome.
B) Single European Act.
C) European Monetary System.
D) Maastricht Treaty.
E) European Free Trade Area.