Which of the Following Statements Is Most Accurate

question 44

Multiple Choice

Which of the following statements is most accurate?

• A) The countries of southern Europe are better endowed with capital and skilled labor than the countries of northern Europe.
• B) The countries of northern Europe are better endowed with capital and skilled labor than the countries of southern Europe.
• C) EU products that make intensive use of high-skill labor are most likely to come from Portugal.
• D) EU products that make intensive use of low-skill labor are most likely to come from Great Britain.
• E) The countries of eastern Europe are better endowed with capital and skilled labor than the countries of western Europe.

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Definitions:

Economics

The social science that studies the production, distribution, and consumption of goods and services, and how individuals, businesses, and governments make decisions on allocating resources.

Economic Issues

Problems or challenges facing an economy, ranging from unemployment to inflation, affecting the well-being of its citizens.

Median Voter Theorem

A theory that suggests the outcome of a majority vote is most likely to match the preferences of the median voter.

Majority-Rule

A decision-making process that follows the principle that the opinions or preferences of more than half of the members of a group have the authority to make decisions binding on the whole group.