A major impact of the transatlantic telegraph was
A) a reduction in time required to complete a financial transaction between New York and London
B) an increase in labor flows across the Atlantic.
C) a decrease in trade barriers between the United States and Europe.
D) an increase in trade conflicts between the United States and Europe.
Question 2 - Labor mobility was
A) less in 1900 than in 2010.
B) unimportant to global integration until the 1960s.
C) greater in 1900 than in 2010.
D) never controversial.
Question 3 - An important factor that increased international capital flows in the latter part of the 1800s was
A) the creation of the International Monetary Fund.
B) the creation of numerous regional trade agreements.
C) the rapid rate of East Asian economic growth.
D) technological innovations.
Question 4 - A relative measure of the importance of trade is
A) the dollar value of trade.
B) trade as a percentage of GDP.
C) the dollar value of trade adjusted for inflation.
D) trade as a percentage of investment.
Question 5 - The trade-to-GDP ratio is calculated by
A) exports divided by GDP.
B) imports divided by GDP.
C) exports plus imports divided by GDP.
D) exports minus imports divided by GDP.
Question 6 - The trade-to-GDP ratio for a nation that had 600 million in exports, 400 million in imports, and GDP of 2,000 million would be
A) 0.1.
B) 0.2.
C) 0.5.
D) -0.1.
Question 7 - Countries such as the United States that have large populations tend to have
A) higher trade-to-GDP ratios.
B) lower trade-to-GDP ratios.
C) relatively greater capital outflows.
D) relatively smaller capital outflows.
Question 8 - Explain the forecast error, ut+1, in terms of: (1 ) Its equation (what it is equal to) (2 ) How it is used (3 ) Its accuracy
What will be an ideal response?
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