Exam 1: Introduction to the Global Economy

In 2001,the world GDP ______________,while the world trade level ____________ by 1 percent.

Slow growth in what two regions has led to calls for trade protectionism and dampened the growth of the entire world economy?

_____________ in the United States attracts funds from other nations.

The persistence of ________________ in exchange rates has led the international community to call for reforms of the current international monetary system.

An inflow of capital funds to the United States tends to increase the international value of the dollar,stimulating ____________ and discouraging ________________.

When interest rates increase in the United States,capital flows from abroad will:

The increasing integration of economies around the world,particularly through trade and financial flows,is:

Trade protectionism in industrial countries is one of the primary problems/issues faced by international economists and policymakers in today's economically interdependent world.Explain.

Which of the following analyzes the basis for and gains from trade?

During the last decade,almost _______ of United States' unemployed were jobless longer than one year.

The most effective trade policy would be _______________,which allows each nation to specialize in efficient production of commodities.

Reform policies are being developed in struggling economies to prevent further economic collapses.