Capital and labor only very recently have been free to move across international borders.
Indicate whether the statement is true or false
Question 2 - While the world was fairly integrated at the turn of the last century, most trade was in agricultural and raw materials, whereas today manufactured consumer and producer goods play a much greater role in determining exports and imports.
Indicate whether the statement is true or false
Question 3 - Which of the following kinds of agreements between two or more countries would be an example of a deep integration measure?
A) An agreement to reduce tariffs and quotas
B) An agreement to unify customs forms in order to speed up cross-border traffic
C) An agreement to impose the same limits on cartels and monopolies
D) An agreement to reduce exports
Question 4 - Which of the following kinds of agreements between two or more countries would be an example of a shallow integration measure?
A) An agreement to accept another nation's certification of architects
B) An agreement to unify customs forms in order to speed up cross-border traffic
C) An agreement to use the same environmental standards
D) An agreement to impose the same limits on cartels and monopolies
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