Tijuana, Mexico is across the border from San Diego, California. It has become a world-leading producer and exporter of television sets and computer monitors, which it assembles in modern factories owned by multinational consumer electronics firms such as Sony. Initially, these electronics were produced in the industrialized countries of their parent companies, and after several years, the
production moved to Tijuana. This is an example of
A) the product cycle.
B) intraindustry trade.
C) the specific factors model.
D) the magnification effect.
A
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How did Adam Smith explain the cause of the wealth of nations?
A) The growth of the middle class B) The growth in the average level of prices C) The growth of the division of labor D) People's unending urge to consume
The law of demand implies that the quantity demanded of a commodity is inversely related to income, assuming other things that may affect demand remain the same.
a. true b. false
Federal law now requires that a majority of the directors on the board of a corporation be? _______.
A. top management of the corporation B. independent C. competitors D. employees in the same industry E. sole proprietors
Equilibrium price in international trade is the common price between exporting and importing countries.
Answer the following statement true (T) or false (F)