What are three primary reasons for the growth of international trade over the past 50 years?
What will be an ideal response?
The increase in trade is the result of the falling costs of shipping products around the world, the spread of inexpensive and reliable communications, and changes in government policies.
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Refer to Common Property II. If the common property is privately owned, the owner earns revenue equal to
a. Area C + D. b. Area F + G. c. Area C + D + F + G. d. zero.
Which of the following measures does not help promote technological progress?
(A) Reducing the scale of the market for a new product. (B) Training programs for workers. (C) Increased wages for researchers. (D) Issuing a patent to a company that invents a new product.
Why has the pace of structural change in financial markets accelerated in recent years?
What will be an ideal response?
Refer to the information provided in Figure 26.5 below to answer the question(s) that follow.
Figure 26.5Refer to Figure 26.5. A decrease in the Z factors shifts the ________ to the ________.
A. IS curve; right B. Fed rule; left C. IS curve; left D. Fed rule; right