Are there impediments to international movement of labor and capital?
a. Yes, but they apply to labor only, capital mobility is almost completely free.
b. Yes, although these apply to capital, and not to labor.
c. Yes, there are significant (often prohibitive) restrictions on labor and capital mobility.
d. No, these have been removed with the passage of recent trade legislation.
c
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Depreciation is defined as the
A) decrease in the stock of capital due to wear and tear. B) increase in the stock of capital due to investment by firms. C) increase in the stock of capital due to wear and tear. D) decrease in the stock of capital due to investment by firms.
Primary dealers are those
A) permitted to trade directly with the Fed. B) who work under the account manager at the Federal Reserve Bank of New York. C) who specialize in selling bonds to small private investors. D) responsible for assuring that interest rates do not decline unless the FOMC has given specific instructions that they decline.