Labor Mobility Was

question 40

Multiple Choice

Labor mobility was

• A)less in 1900 than in 2010.
• B)unimportant to global integration until the 1960s.
• C)greater in 1900 than in 2010.
• D)never controversial.

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Definitions:

Opportunity Costs

This refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Inventory

The complete inventory of products and materials owned by a business, intended for either production or selling.

Net Working Capital

The disparity between a firm's existing assets and its immediate liabilities, showing the company's short-term fiscal stability and efficiency in operations.

Bottom-Up Approach

An investment strategy that starts with the analysis of individual stocks and then proceeds to the broader economy.