Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Firms' investment spending on capital goods is more important than in the past.
B) International trade in raw commodities and agricultural products is more important than it was in the past.
C) It is possible to trade some types of services in a way that was not possible in the past.
D) Multinational corporations play a bigger role in production than they did in the past.
Question 2
Which of the following is FALSE?
A) Capital flows today are larger mainly because economies are larger.
B) The last two decades are the first time in history that a nation has borrowed more than 10 percent of its GDP.
C) There are important qualitative differences between capital flows today and in the past.
D) Today most international financial transactions involve buying and selling assets denominated in foreign currencies.
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