Are There Impediments to International Movement of Labor and Capital

question 85

Multiple Choice

Are there impediments to international movement of labor and capital?

• A)Yes, but they apply to labor only; capital mobility is almost completely free.
• B)Yes, although these apply to capital, and not to labor.
• C)Yes, there are significant (often prohibitive) restrictions on labor and capital mobility.
• D)No, these have been removed with the passage of recent trade legislation.

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Definitions:

Disaffirm

The legal act of declaring a contract voidable, renouncing or refusing to recognize an engagement.

Emancipated Minor

A person under the age of majority who is legally granted most adult rights and responsibilities by court order or other means.

Contractual Obligations

Contractual obligations are duties that are legally binding on the parties involved in a contract, requiring them to act or refrain from acting in certain ways.

In Pari Delicto

A legal doctrine meaning "in equal fault," used when both parties are equally at fault in a legal matter.