25.Which of the following statements is false?

A) Globalization in the economic sphere is also called international economic integration

B)International migration was larger, relative to population , before WW1 than it is today

C) economists measure the importance of wold trade with the trade-to-GDP ratio

D) shallow integration consists of the removal of tariffs and quotas

26.Assume that the nominal exchange rate is equal to 30 Mexican peso/British pound. the UK inflation rate level is equal to 2% and the Mexican inflation rate level is equal to 7%. The real exchange rate is then equal to

A) 28.60 Mexican peso/British pound

B) 29.56 Mexican peso/British pound

C) 31.47 Mexican peso/British pound

D) 25.31 Mexican peso/British pound

27.Lakisha has a utility function for income given by U(I) = \sqrt{I} (that is the square root of income). Lakisha is considering an investment that would give her income of 10,000$ with a probability of 0.35 or an income of 15,000$ with a probability of 0.65. The expected utility of this investment is (rounded to 2 decimal places)

A) 113.48

B) 114.61

C) 111.24

D) 126.92