How do capital markets fit the general tendency toward ‘globalization'?
What will be an ideal response?
Students should have a general idea that globalization involves the increasing permeability of national borders to economic and cultural phenomena. In that context, capital markets are one of the most global of these phenomena due to the ease with which capital can be transferred from one country to another.
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The emigration of some of Whoville’s workers reduces the quantity of thingamabobs supplied at every price by 50. The new supply curve will ____ the old supply curve.
A. be steeper and less elastic at every price than B. have the same slope and the same elasticity at every price as C. have the same slope and be more elastic at every price than D. More information is needed to predict the relationship between the elasticities of the two supply curves.
The interest rate on loans made by banks in the market in which they lend and borrow reserves from each other for very short periods of time is known as the
a. discount rate b. legal reserve rate c. federal funds rate d. open market rate e. margin rate
Income per person in the United States is approximately ____ that of Sierra Leone, Malawi, and Niger, three of the world's poorest countries
Fill in the blank(s) with the appropriate word(s).
Many regional trade agreements include other provisions that are not part of the treaty, but they are add-ons that might be important to trade issues. These are called:
a. addenda. b. side agreements. c. environmental pacts. d. worker rights documents.