Globalization can be defined as:
a. the attitude or policy of placing the interests of the entire world above those of individual nations.
b. viewing the entire world as a proper sphere for one nation to project political influence.
c. a period in history that has witnessed a dramatic change in world political thought and the balance of power.
d. an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals.
e. a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.
d
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All of the following are characteristics of game theory except
A) payoffs that are the results of the interaction among players' strategies. B) rules that determine what actions are allowable. C) independence among players. D) strategies that players employ to attain their objectives.
Why are the bonds held by the Fed and government agencies excluded from the privately held debt figures?
a. The U.S. Treasury does not have to pay off these bonds. b. These bonds were not issued by the U.S. Treasury. c. These bonds do not create a net-interest obligation for the federal government. d. These bonds are not interest-bearing bonds.
The supply of U.S. dollars in the foreign exchange market originates from
A. Demand for U.S. dollars for speculative purposes. B. Demand by foreigners for U.S.-produced goods. C. American demand for imported goods. D. Foreign investments in America.
In order for the crude quantity theory to be valid, ______ and ______ need to be constant.
Fill in the blank(s) with the appropriate word(s).