Which of the following is an example of intraindustry trade?
A) Trading peanut oil for tractors
B) Trading crude oil for automobiles
C) Trading Nokia smartphone for Apple iPhones
D) Trading jeans for cotton
C
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The members of Federal Reserve district bank boards of directors who are leaders in industry, commerce, and agriculture are known as
A) Class A directors. B) Class B directors. C) Class C directors. D) Class D directors.
A production possibilities frontier can shift outward if
a. government increases the amount of money in the economy. b. there is a technological improvement. c. resources are shifted from the production of one good to the production of the other good. d. the economy abandons inefficient production methods in favor of efficient production methods.
In 2013, the top 10% of wealth holders owned ________ of the nation's wealth.
A. 25.5% B. 54.5% C. 75.3% D. 92.9%
Refer to Scenario 5.8. Without additional information, Icarus Airlines would
A) lease only the one airplane it is sure it can use. B) lease 2 airplanes in order to guarantee it avoids the worst outcome, $10 million. C) lease 3 airplanes because $140 million is greater than $90 million. D) lease 3 airplanes because $75 million is greater than $60 million. E) lease 3 airplanes because heavy tourism is more likely than light tourism.