The International Economy And Globalization

A. Intensify inflationary pressure at home
B. Induce falling output per worker-hour for domestic workers
C. Place constraints on the wages of domestic workers
D. Increase profits of domestic import competing industries

A. Automobiles
B. Steel
C. Radios and TVs
D. Computer software

A. Exports should exceed imports
B. imports should exceed exports
C. Resources are more mobile internationally than are goods
D. Resources are less mobile internationally than are goods

A. The introduction of new products
B. Product design and quality
C. Product price
D. All of the above

A. International movements of capital
B. International movements of labor
C. International movements of technology
D. Domestic production of different goods and services

A. Some nations prefer to produce one thing while others produce another
B. Resources are not equally distributed to all trading nations
C. Trade enhances opportunities to accumulate profits
D. interest rates are not identical in all trading nations