Intraindustry trade is characterized by what two features of the industry and market?
A) Diseconomies of scale and homogeneous products
B) Non-tariff barriers and large-scale foreign investment
C) Quota auctions and low effective rates of protection
D) Economies of scale and differentiated products
E) Government subsidies and industrial policy
D
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How did the gold standard help countries rectify the balance of payment problem? What were the problems associated with the gold standard?
The federal funds rate is determined by demand and supply of bank reserves.
a. true b. false
In a barter system, there are
A. goods traded directly for other goods and services. B. many different units of money. C. financial institutions to facilitate all exchanges. D. money and goods exchanged for each other.
If a straight line passes through the point x = 12 and y = 4 and also through the point x = 4 and y = 8, the slope of this line is
A) negative 8 divided by 4. B) seven tenths. C) negative one half. D) one -and one half.