According to the text, under globalization comparative advantage ...

[mmm]

According to the text, under globalization comparative advantage is based not in natural resource endowments but in
 
  a. the strength of the military.
  b. the combined abilities of states working within international financial institutions.
  c. the accumulation of large amounts of capital.
  d. factors of technology, education, and network effects.

Question 2

In the past, governments had greater control over currency prices because
 
  a. governments were stronger and more centralized.
  b. governments controlled more currency than private actors.
  c. the cost of exchanging currency was higher in the past.
  d. governments had a monopolistic control over currency markets.

[Kedrick2014]

Answer to Question 1

d

Answer to Question 2

b

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