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☆☆☆☆☆Cards in this guide (7)
What does the enforcement of antitrust laws do
Speeds up the flow of capital and wages
What circumstances would allow Country A to have an absolute advantage over Country B in the production of computers
Companies in Country A can produce computers at a lower cost.
Why does reducing trade barriers promote increased international trade
Free trade leads to lower prices and greater sales.
Which of the following best explains why minimizing costs is a rational way to make decisions
Paying a cost means doing without something good or accepting something bad
Paying a cost means doing without something good or accepting something bad.
Which of these can be used to protect consumers from unsafe products
A recall
Match each current trend in the global economy with one of its economic effects.
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
Why do central banks play an important role in a global economy
they control the foreign currency reserves that are used for international trade
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