Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Firms' investment spending on capital goods is more important than in the past.
B) International trade in raw commodities and agricultural products is more important than it was in the past.
C) It is possible to trade some types of services in a way that was not possible in the past.
D) Multinational corporations play a bigger role in production than they did in the past.
B
You might also like to view...
If the bank is selling euros for $0.74, then what is the implied euro price of the dollar?
A) 1.35 € B) 1.74 € C) 2.48 € D) None of these values are correct.
What did the fiscal conservatives of the Eisenhower administration (1953–61) want?
(a) Balanced budgets and with manageable inflation (b) Inflation and budget surpluses (c) A balanced budget and high rates of interest (d) Laissez-faire economy
If the government removes a binding price floor from a market, then the price paid by buyers will
a. increase, and the quantity exchanged will increase. b. increase, and the quantity exchanged will decrease. c. decrease, and the quantity exchanged will increase. d. decrease, and the quantity exchanged will decrease.
Which of the following would lead to a change in both the quantity of a good buyers wish to purchase and in the quantity sellers wish to sell?
a. a change in the price of a substitute good b. a change in buyers' incomes c. a change in the price of a key input d. a technological improvement e. a change in the expected future price of the good