Study guides, Class notes & Summaries

Apex Economics The Global Game Board Exam - Q & A In order for a country to specialize its production, what must there be? international division of labor The existence of an international division of labor among countries enables those countries to have what? specialized production The global economy can have specialized production because of what? The international division of labor Country X would have an absolute advantage over Country Y in the production of automobiles under what conditio...

Apex Economics International Organizations Exam - Questions and Answers What does the international banking system consist of? A decentralized set of central and private banks Why do central banks play an important role in the international banking system? They control a country's foreign exchange reserves and set its monetary policies. How do central banks impact the global economy? They influence the national money supply, which affects the volume of international trade. What does greater c...