The higher the value for the index of intra-industry trade:

a. the lower total trade is for other products.
b. the greater percentage of trade in that good is intra industry.
c. the more we should be concerned about job loss and outsourcing.
d. the higher the gains from trade.


Ans: b. the greater percentage of trade in that good is intra industry.

Economics

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The figure above provides information for a factory that produces chemicals that pollute a waterway. The waterway is used by water skiers. If the waterway is owned by a water ski club and the Coase theorem applies, then the factory will produce ________ tons of chemicals a week.

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Which of the following will not cause a shift in the medical care supply curve?

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The basic problem addressed in economics is

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Economics