If Labor Is Immobile Between Two Countries,changes in Relative Demand

question 15

Multiple Choice

If labor is immobile between two countries,changes in relative demand for goods and services may pose major economic problems

• A) whether exchange rates are flexible or fixed.
• B) but the problems will not be as significant as they would be if labor were mobile.
• C) when exchange rates are flexible,but not when they are fixed.
• D) when exchange rates are fixed,but not when they are flexible.

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Definitions:

Gastrin

A hormone secreted by the stomach that stimulates secretion of gastric acid.

Stomach

A muscular hollow organ in the gastrointestinal tract of humans and many animals, where digestion of proteins begins.

Liver

The liver is a vital organ that plays a central role in metabolic processes including detoxification, producing plasma proteins, and secreting bile.

Pancreas

A glandular organ in the digestive and endocrine system that produces hormones and enzymes to aid in digestion and blood sugar regulation.