Suppose the amount of exports of textile machinery from Italy to the rest of the world equals 60 billion tons. The amount of imports of textile machinery into Italy from the rest of the world is 40 billion tons. Therefore, the intra-industry trade share for machinery is
A. 0.67.
B. 1.5.
C. 0.8.
D. 0.2.
Answer: C
You might also like to view...
Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A)
If there is an increase in the wages of motorcycle workers and an increase in the price of motorcycle insurance, a complement to motorcycles, the equilibrium could move to which point? A) A B) B C) C D) E
At any quantity, the marginal factor cost is always
A) parallel to the marginal revenue product. B) below the labor supply curve. C) above the labor supply curve. D) above the labor demand curve.
Refer to the above graph. A decrease in supply would best be reflected by a change from:
a. Point 2 to point 1 b. Point 3 to point 6 c. Point 5 to point 2 d. Point 5 to point 1
Based on your understanding of the Phillips curve, is it possible for the unemployment rate to increase while inflation increases? Explain
What will be an ideal response?