The following table shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 In Country A, the product with the highest intra-industry trade (IIT) share is ________ and the product with the lowest IIT share is
A. clothing; automobiles.
B. automobiles; pharmaceuticals.
C. pharmaceuticals; clothing.
D. clothing; pharmaceuticals.
Answer: C
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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. Lee's dominant strategy depends on Jordan's choice. B. Lee does not have a dominant strategy. C. For Lee, seeing a documentary is a dominant strategy. D. For Lee, seeing a comedy is a dominant strategy.
The New Deal was carried out during the administration of President
A. Herbert Hoover. B. Franklin Roosevelt. C. Harry Truman. D. Dwight Eisenhower.
The Slutsky equation shows that, holding the total effect constant, the income effect will be larger for goods that
A) have a smaller substitution effect. B) make up a larger percentage of a household's budget. C) have perfectly inelastic demand curves. D) All of the above.
A person's utility schedule ____________ (can/cannot) change over time.
Fill in the blank(s) with the appropriate word(s).