Explain why international capital markets have expanded since the 1980s
What will be an ideal response?
Many governments have removed restrictions on foreign investments in financial markets since the 1980s, advances in communications and computer technology have made financial exchanges simpler and allowed investors access to information for making investment decisions, and worldwide economic growth has increased the level of saving available for investment.
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In the context of a roulette wheel, gambler's fallacy refers to the belief that:
A) outcomes of a gamble are mostly repetitive. B) winners in a gamble lose the next round. C) outcomes of a gamble tend to avoid repeats. D) winners in a gamble continue to win in streaks.
In the United States the differential between union and non-union wages
A) does not exist. B) currently averages about 50-60 percent. C) has been narrowing. D) tends to fall during a recession because union members typically have shorter-term contracts than do nonunion employees.