A major impact of the transatlantic telegraph was
A) a reduction in time required to complete a financial transaction between New York and London
B) an increase in labor flows across the Atlantic.
C) a decrease in trade barriers between the United States and Europe.
D) an increase in trade conflicts between the United States and Europe.
E) that nations abandoned the gold standard.
A
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An increase in the corporate profits tax would shift the demand for loanable funds curve to the left
a. True b. False
The objective of the Doha (Qatar) Round of trade negotiations was to
a. increase tariffs on oil products. b. place quotas on agricultural imports to the Middle East. c. lower trade barriers between countries of varying prosperity. d. put technical barriers on intellectual property.
Which of the following is the formula for the elasticity of Y with respect to X?
A. E = (percent change in Y)/( percent change in X) B. E = (percent change in X)/(percent change in Y) C. E = (change in Y)/(change in X) D. E = (change in X)/(change in Y)
The defining features of business cycles is that they
A. are inherently bad B. represent the underlying trend of real GDP C. are fluctuations about trend of real GDP D. measure prospects for future growth in the economy