An important factor that increased international capital flows in the latter part of the 1800s was
A) the creation of the International Monetary Fund.
B) the creation of numerous regional trade agreements.
C) the rapid rate of East Asian economic growth.
D) technological innovations.
D
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The demand curve for labor is the
A) marginal factor cost curve for labor. B) marginal physical product curve for labor. C) marginal physical product curve for labor times the wage rate. D) marginal revenue product curve for labor.
Producers are willing to offer greater quantities for sale at higher prices because
What will be an ideal response?
The paintings of a world famous artist Vincent Van Gogh have a price elasticity of supply
A) equal to 2.0. B) equal to 1.0. C) close to 0.0. D) approaching infinity.
Exporting nations often agree to voluntary export restraints (VERs) in an attempt to:
A. employ more workers in the importing nation. B. avoid more restrictive trade policies. C. increase global welfare. D. decrease inflation.