Which statement is accurate concerning the early history of globalization around the time of WWI?
a. In the decades before the war, international trade decreased steadily due to the colonial system.
b. In the years after the war, rebuilding international trade was hampered most by the Nazi invasion of Europe.
c. After the war, Great Britain's position was so strengthened that it could convince others to lower trade barriers.
d. During the war, many trading relationships were destroyed, as trading partners became military adversaries.
d. During the war, many trading relationships were destroyed, as trading partners became military adversaries.
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Which of the following statements is true?
a. MC = ?TC/ ?Q b. MC = TFC/Q c. MC = ATC/Q d. MC = Q/L e. none of the above
In developing countries, farm productivity is low because _____
a. half of the labor force is involved in industrial activities b. half of the labor force is involved in the service sector c. more than half of the population consists of old people d. farming methods are generally primitive e. people prefer leisure over working
If interest rates in Sweden go up relative to the rest of the world, the
A) demand for Swedish currency will fall. B) demand for Swedish currency will rise. C) supply of Swedish currency will fall. D) supply of Swedish currency will rise.