One important difference between the international economy of today and the economy of 100 years ago is A. the presence of international bodies such as the IMF and World Bank. B. for the first time, technological innovations have reduced the barrier of distance. C. that labor is so much more mobile. D. that price differences in different markets have narrowed. E. that capital is mobile.

Question

Micaela Patton

Business

4 January, 15:14

One important difference between the international economy of today and the economy of 100 years ago is A. the presence of international bodies such as the IMF and World Bank. B. for the first time, technological innovations have reduced the barrier of distance. C. that labor is so much more mobile. D. that price differences in different markets have narrowed. E. that capital is mobile.

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Answers (1)

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Timothy · Answer 1

A. the presence of international bodies such as the IMF and World Bank.

Explanation:

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF). The president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D. C., and work closely with each other.