One important difference between the international economy of today and the economy of 100 years ago is
A) that labor is much more mobile.
B) for the first time, technological innovations have reduced the barrier of distance.
C) for the first time, capital is mobile.
D) the presence of international bodies such as the IMF and World Bank.
D
Economics
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What are the pros and cons of a competitive market in the long run?
What will be an ideal response?
Economics
A baker of chocolate chip cookies is likely to have a ______________ price elasticity of supply than does the seller of rare baseball cards due to ______________.
A. more elastic; the availability of inputs B. less elastic; the availability of inputs C. less elastic; a shorter adjustment time D. less elastic; a more flexible production process
Economics