Which of the Following Would NOT Reflect Friedman's Notion of a Flat

question 57

Multiple Choice

Which of the following would NOT reflect Friedman's notion of a flat earth?

• A) the ability of financial capital and production to flow easily from one place to another
• B) the ability of financial capital to change locations to take advantage of technological innovation
• C) the ability of financial capital to change locations to take advantage of labor costs
• D) the ability of financial capital to develop new products that can be shipped and sold anywhere
• E) there are local differences in geographies that may encourage or inhibit the flow of ideas and goods around the globe

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Definitions:

Cash Loan

A type of loan where the borrower receives a cash amount upfront and agrees to pay back both the principal and interest over a set period.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and agrees to repay it, with interest, over a set period.

Interest to be Collected

The amount of interest income that has been earned but not yet received in cash.

Cash Loan

A short-term loan provided to a borrower in cash, meant to be repaid with interest over a predetermined period.