Which of the following is the calculation that tells us the proportion of trade in each product involving both imports and exports?
a. the index of overlapping production
b. the index of effective trade
c. the index of intra-industry trade
d. the index of displacement
Ans: c. the index of intra-industry trade
You might also like to view...
Answer the next question on the basis of the following demand schedule.PriceQuantity Demanded$615243342516If this demand schedule were graphed, we would find that
A. its slope diminishes as we move southeast down the curve. B. its slope is constant throughout. C. its slope diminishes as we move northwest up the curve. D. the data are inconsistent with the law of demand.
The current chair of the Board of Governors of the Federal Reserve is
A) Janet Yellen. B) John Snow. C) Alan Greenspan. D) Henry Paulson.
Monopolies exist due to
A) patents. B) government franchises. C) cost factors. D) all of these choices contribute to the power of a monopoly.
In the above figure, what happens to the firm's optimal level of output if the price it receives for its product increases from P2 to P3?
A. Output decreases. B. Output increases. C. Output stays the same. D. There is not enough information provided to know what happens to output.