Which of the following is NOT a major actor in the foreign exchange market?
A) corporations
B) central banks
C) commercial banks
D) non-bank financial institutions
E) tourists
Question 2
Low wages and poor working conditions in many U.S. trade partners
A) prove that the gains-from-trade arguments of the Ricardian model are false.
B) may be a fact of life, but economists don't care.
C) are facts emphasized by U.S. labor in its contract negotiations.
D) prove that the gains-from-trade arguments of the Ricardian model are true.
E) prove that international trade is exploitative.