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Questions and Answers
According to Adam Smith, how does greater opportunities for trade promote productivity advance?
According to Adam Smith, how does greater opportunities for trade promote productivity advance?
- Lowering income inequality
- Greater investment in pirating and privateering
- By limiting the power of dictators
- Specialization (correct)
Which factor was NOT crucial in explaining the migration patterns of free workers in Europe prior to 1914?
Which factor was NOT crucial in explaining the migration patterns of free workers in Europe prior to 1914?
- Information and personal connections
- Population pressures in the sending country
- Government restrictions that limited entry to specific nationalities (correct)
- Credit constraints
Which of the following did the least to promote free and open immigration into the United States?
Which of the following did the least to promote free and open immigration into the United States?
- Famine and hunger in Europe
- Falling shipping costs
- Good information on job opportunities in the US from previous migrants
- The Chinese Exclusion Act of 1882 (correct)
Which indicator suggests that capital markets were internationally integrated between 1850 and 1913?
Which indicator suggests that capital markets were internationally integrated between 1850 and 1913?
Which of the following would NOT be indicative of higher integration?
Which of the following would NOT be indicative of higher integration?
What does the marginal product of capital refer to?
What does the marginal product of capital refer to?
What happened when nations signed a trade treaty with a Most Favored Nation clause?
What happened when nations signed a trade treaty with a Most Favored Nation clause?
What was a principle cause of hyperinflation in places like Germany between the wars?
What was a principle cause of hyperinflation in places like Germany between the wars?
Why was the gold standard weak in the period between the two world wars compared to before World War I?
Why was the gold standard weak in the period between the two world wars compared to before World War I?
What is an effect of nations not being able to commit to play by the rules of the game in the gold standard?
What is an effect of nations not being able to commit to play by the rules of the game in the gold standard?
What did signing a trade treaty with a Most Favored Nation clause not lead to?
What did signing a trade treaty with a Most Favored Nation clause not lead to?
Which of the following is not indicative of higher integration according to the text?
Which of the following is not indicative of higher integration according to the text?
According to Adam Smith, how does greater opportunities for trade promote productivity advance?
According to Adam Smith, how does greater opportunities for trade promote productivity advance?
Which factor was crucial in explaining the migration patterns of free workers in Europe prior to 1914?
Which factor was crucial in explaining the migration patterns of free workers in Europe prior to 1914?
Which of the following did the most to promote free and open immigration into the United States?
Which of the following did the most to promote free and open immigration into the United States?
What indicates that capital markets were internationally integrated between 1850 and 1913?
What indicates that capital markets were internationally integrated between 1850 and 1913?
Which of the following was not a factor promoting free and open immigration into the United States?
Which of the following was not a factor promoting free and open immigration into the United States?
What is the likely reason for hyperinflation in places like Germany between the wars?
What is the likely reason for hyperinflation in places like Germany between the wars?
Why was the gold standard during the period between the two world wars weaker compared to before World War I?
Why was the gold standard during the period between the two world wars weaker compared to before World War I?
What did signing a trade treaty with a Most Favored Nation clause NOT lead to?
What did signing a trade treaty with a Most Favored Nation clause NOT lead to?
What impact did signing a trade treaty with a Most Favored Nation clause have?
What impact did signing a trade treaty with a Most Favored Nation clause have?
What is the role of capital flows in the context of a Most Favored Nation trade treaty?
What is the role of capital flows in the context of a Most Favored Nation trade treaty?
What is a likely cause of hyperinflation in places like Germany between the wars?
What is a likely cause of hyperinflation in places like Germany between the wars?
What was a significant reason for the weakness of the gold standard during the period between the two world wars compared to before World War I?
What was a significant reason for the weakness of the gold standard during the period between the two world wars compared to before World War I?
When nations signed a trade treaty with a Most Favored Nation clause, what did it entail for tariffs?
When nations signed a trade treaty with a Most Favored Nation clause, what did it entail for tariffs?
What did the marginal product of capital diverge from?
What did the marginal product of capital diverge from?
Why was the gold standard weaker in the period between the two world wars regarding borrowing gold in times of crisis?
Why was the gold standard weaker in the period between the two world wars regarding borrowing gold in times of crisis?
What did signing a trade treaty with a Most Favored Nation clause imply for tariffs?
What did signing a trade treaty with a Most Favored Nation clause imply for tariffs?
What is likely the main reason for hyperinflation in places like Germany between the wars?
What is likely the main reason for hyperinflation in places like Germany between the wars?
Why was the gold standard in the period between the two world wars considered weak compared to before World War I?
Why was the gold standard in the period between the two world wars considered weak compared to before World War I?
What did the marginal product of capital diverge from?
What did the marginal product of capital diverge from?
Why were capital flows liberalized when nations signed a trade treaty with a Most Favored Nation clause?
Why were capital flows liberalized when nations signed a trade treaty with a Most Favored Nation clause?
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