The process of globalization has ________
A) decreased inequality
B) increased inequality
C) had little measurable effect on income inequality
D) has increased income inequality in developing countries but decreased inequality in developed countries
B
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With fixed exchange rates and capital mobility:
a. interest rates in the home country and in foreign countries are equalized. b. interest rates in the home country are higher. c. interest rates in foreign countries are higher. d. monetary policy maintains its autonomy.
Which of the following items is most likely to be an implicit cost of production?
a. the "competitive rate" salary the owner of the business pays herself for services provided b. property taxes on a building owned by the firm c. rental payments for a building utilized by the company and rented from another party d. the interest income foregone on the equity capital invested by owners