Interindustry trade refers to
A) international trade in products made within the same industry.
B) domestic trade in products made within the same industry.
C) international trade in products made across different industries.
D) the exchange of similar items that are differentiated.
C
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Why are music, television, and movie companies concerned about their products being posted to Internet Web sites such as YouTube?
What will be an ideal response?
One advantage of user charges is they _____
a. increase with inflation b. they apply the ability-to-pay principle of taxation c. help ration consumption of the taxed good d. a and c
In a simple circular flow model, a. households are suppliers of resources
b. households are demanders of final products. c. firms are demanders of resources. d. all of the above are true.
Opponents of active stabilization policy
a. advocate a monetary policy designed to offset changes in the unemployment rate. b. argue that fiscal policy is unable to change aggregate demand or aggregate supply. c. believe that the political process creates lags in the implementation of fiscal policy. d. None of the above is correct.