1. The role of International Organization of Securities Commissions (IOSCO) is most likely to: A. assist in attaining the goal of cross-border cooperation in combating violations of securities laws. B. be responsible for regulating financial markets of member nations. C. be the oversight body to which the International Accounting Standards Board (IASB) reports.   2.… Read More


1. According to David Ricardo, comparative advantage is determined by: A. exchange rate. B. net exports. C. labor productivity.   2. Three countries operate within a free trade area. One country proposes moving to a customs union structure. What additional level of economic integration between the countries would most likely arise if this change took… Read More


1. Two analysts make the following statements: Analyst 1: Monetary policy seeks to influence the macro economy by influencing the quantity of money and credit in the economy. On the other hand, fiscal policy involves the use of government spending and taxation to influence economic activity. Analyst 2: Fiscal policy seeks to influence the macro… Read More