Which of the following is not an example of intra-industry trade?
a) England exports beef to Ireland, and imports Irish potatoes
b) the Dutch export elm trees and import lumber products
c) Canadians touring the US side of Niagara Falls stay in US motels while Americans touring the Canadian side stay in Canadian hotels
d) Russia exports oil and imports capital equipment
e) Norwegians deposit funds in Swiss banks while the Swiss buy insurance from Norway
d) Russia exports oil and imports capital equipment
You might also like to view...
During the winter of 1997-1998, the northeastern United States experienced warmer than usual conditions. The price of home heating oil was less than it was during the previous winter, but people bought less home heating oil
This contradicts the Law of Demand. Indicate whether the statement is true or false
In which of the following scenarios would the Gini coefficient measure zero?
a. People earn the same income. b. John receives a wage of $1 per hour. c. The king ends up with all the nation's income. d. There is a one-to-one ratio of income to population. e. 100 percent of the income is held by 100 percent of the population.
As a competitive economy uses its stocks of a depletable resource,
A. the resource price will fall by ever greater amounts each year. B. the resource price will rise by ever greater amounts each year. C. the use of the resource will increase at an increasing rate. D. resource use will drop to zero.
An issue that proposals for international reform agree on is that
A) the IMF should intervene more in financial crises. B) there must be a lender of last resort. C) IMF quotas are currently set at an appropriate level. D) the Basel capital requirements for banks should be increased.