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.
Answer: C
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If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________
A) depreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) shrunk; grown E) appreciated; depreciated
Between 1960 and 2012, the share of federal spending allocated to national defense
a. declined sharply, while the share allocated to health care increased substantially. b. rose sharply, while the share allocated to health care declined substantially. c. was relatively constant, while the share allocated to health care declined modestly. d. declined modestly, while the share allocated to health care was relatively constant.