While the world was fairly integrated at the turn of the last century, most trade was in agricultural and raw materials, whereas today manufactured consumer and producer goods play a much greater role in determining exports and imports
Indicate whether the statement is true or false
TRUE
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If the pollution havens hypothesis is true, we should expect world pollution to decline as a result of international trade and globalization
Indicate whether the statement is true or false
Refer to Figure d, which illustrates a game played by Travis and Darren. For Travis, North is:
A. the best response.
B. the dominant strategy.
C. weakly dominated.
D. dominated.
A major cause of the Great Recession was:
a. The liberalization of U.S. banking regulations that led to excessive risk taking. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. None of the above.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary