2. The quotation from Federal Reserve Chairman Ben Bernanke at the beginning of the chapter is from a speech that he delivered in Jackson Hole, Wyoming, on August 25, 2006, titled “Global Economic Integration: What’s New and What’s Not?” The full transcript of the speech is available at http://www.

federalreserve.gov/newsevents/speech/

2006speech.htm. Read this speech and answer the following questions:

a. List three ways in which international trade today is not that different from the trade that occurred before World War I.

b. List three ways in which international trade today does differ from the trade that occurred before World War I