Author Question: Refer to the figure above. If Y is labor intensive then according to the HO theory, this country ... (Read 17 times)

daltonest1984 · **on:** Jun 30, 2018

Refer to the figure above. If Y is labor intensive then according to the HO theory, this country should be ________ abundant.

A) capital
B) labor
C) both capital and labor
D) Can't tell without more information

Question 2

A narrow target zone exchange rate band (such as the EEC had until 1992 ) is most similar to

A) a flexible exchange rate system.
B) a single currency.
C) a fixed exchange rate system.
D) an undervalued currency.
E) a managed floating exchange rate.