Intra-industry trade can be explained in part by
a. Adam Smith's principle of absolute advantage.
b. perfect competition in product markets.
c. diseconomies of large scale production.
d. transportation costs between and within nations.
d. transportation costs between and within nations.
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Under the theory of industry wide liability, when it is impossible to successfully identify the particular manufacturer that caused the harm, courts will:
A. withhold liability among the firms in that industry that could have produced the product. B. apportion liability among manufacturers based on market share. C. prohibit further manufacturing of the product. D. make the plaintiff identify a likely manufacturer.
Payroll taxes only include social security taxes and federal unemployment and state unemployment taxes
Indicate whether the statement is true or false
One problem with using psychographic variables for segmentation purposes is that they are difficult to measure accurately.
Answer the following statement true (T) or false (F)
Operation costing might be used to determine the cost of all of the following products except:
A. living-room sofas. B. dishwashing detergent. C. high-definition (HD) and surround-sound cables. D. automobiles. E. sweaters.