10. Offshoring is an application of
O A. exchange rate theory.
O B. money market rates
O c. comparative advantage
O D.differences in taste.
11. Treasury and Central Bank representatives met in exchange standard.
at the end of World War II and established the IMF, the World Bank, and the gold
O A. Diekirch O B.Bretton Woods O C. Jamaica O D. Berlin
14. The three major taxes governments use to generate revenue are
O A. property tax, VAT, and sales tax.
O B. sales tax, VAT, and income tax. O c. VAT, income tax, and withholding tax O D. income tax, property tax, and sales tax. 15. When the law of one price is applied to interest rates,it suggests that
O A.varying interest rates take into account anticipated differences in inflation rates O B.interest rates don't differ much across national borders
O c. inflation isn't affected by interest rates.
O D. inflation and interest rates don't follow the law of one price
16. An explanation of how a product begins as a country's export and later becomes an import is the theory of
O A. supply and demand. O B. international product life cycles. O C.directional trade. O D. unfair retaliation.