Use the Following to Answer Questions

question 4

Multiple Choice

Use the following to answer questions .
Exhibit: Investment and Production Possibilities
-(Exhibit: Investment and Production Possibilities) A movement from point s to point t on curve B is likely to cause the economy to shift from

• A) curve B to curve A.
• B) curve A to curve B.
• C) curve B to curve C.
• D) curve C to curve A.

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Definitions:

Flat World

A metaphor describing a global environment where geographical and cultural barriers to communication, trade, and travel are diminishing, making the world more interconnected.

Free Access

Refers to the ability to obtain or use services without financial or restrictive barriers.

Uniform Trade Regulations

Agreed international rules and standards intended to simplify and harmonize global trade practices.

Global Financial Markets

The worldwide forums that exist for exchanging securities, currencies, and other financial instruments among global participants.