Chapter 1 Student name:__________ 1) Technological change has always been the most critical factor in raising living standards, even going as far back as the development of the A) steam engine. B) iPod. C) microprocessor. D) fluorescent light. 2) Globalization is the exchange of __________ among countries. A) workers and jobs B) communications C) goods, services, ideas, and people D) money and other financial assets 3) Which of the following is not part of an economy's financial markets? A) The residential mortgage market B) The stock market C) Banks and brokerage firms D) Political action committees 4) In a centrally planned economy, decisions are made by