According to economic theory, in what should arbitrage conducted in a borderless world result?
a. price equality
b. higher prices where supply is lower
c. higher prices where demand is higher
d. wealth being concentrated in the hands of the few
e. a widening gap between the incomes of rich and poor countries
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Nigeria was constructed by the French, who combined different ethnic groups that had previously lived separately
Indicate whether this statement is true or false.
For the more than the first century of America’s history, its pattern of global involvement was defined by ______.
a. global economic involvement but a lack of military action with wars and conflicts outside of the Western Hemisphere b. little economic involvement but an expansion of military action in wars and conflicts outside of the Western Hemisphere c. economic involvement only in the Western Hemisphere and no military involvement in Europe or areas outside of the Western Hemisphere d. global economic and military involvement with wars and conflicts outside of the Western Hemisphere