The bulk of offshoring is vertical, relating to producing a component piece in an overall supply chain production
Indicate whether the statement is true or false
FALSE
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Vault cash is part of a commercial bank's
A) demand deposits. B) capital. C) reserves. D) liabilities.
The primary reason for the success of the colonial shipbuilding industry was:
a. the plentiful supply of skilled labor. b. low wages in the American shipbuilding industry. c. a plentiful supply of iron ore. d. the close proximity of raw materials, especially lumber.
According to Joseph Schumpeter, many Midwestern railroads:
a. were built too late and thus faced heavy competition from trucks. b. were built ahead of demand. c. were unnecessary because they followed routes already adequately served by other means of transportation. d. would have been built more quickly in the absence of government aid.
Gains from trade are measured by: a. consumer surplus
b. producer surplus. c. the sum of consumer and producer surplus. d. producer surplus minus consumer surplus.