According to the textbook, some people refer to the period from ___________________ as the First Era of globalization
A) the late 1700s to the late 1800s
B) the mid-1900s to the late 1980s
C) the late 1600s to the mid-1800s
D) the mid-1800s to the late 1920s
D
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According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________
A) real GDP; inflation rate B) the quantity of money; growth rate of real GDP C) the quantity of money; inflation rate D) real GDP; growth rate of velocity
Over the long run, a government's fundamental source of revenues is
A) printing money. B) user fees and taxes. C) exports. D) gold sales.
If you were a debtor you would prefer
A. Deflation B. Disinflation C. Unanticipated inflation D. Anticipated inflation
The government is able to alter the outcome of the three basic economic questions (what? how? and for whom?) by ______________, _________________, and ___________.
Fill in the blank(s) with the appropriate word(s).