The international trade of goods within the same industry is called
a. inter-industry trade.
b. intra-industry trade.
c. splitting up the value chain.
c. splitting up the supply chain.
b. intra-industry trade.
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Explain the four assumptions on which the theory of consumer choice is based. Select one of these assumptions and explain what would happen if this assumption did not hold true
What will be an ideal response?
What were the two main rationale for exempting nonbanks from restrictions on assets and degrees of leverage?
What will be an ideal response?
The questions that an economic system attempts to solve include
A) what to produce. B) how to produce items. C) for whom items are produced. D) all of the above.
Analyzing the effect of minimum wage changes on teenage employment across the 48 contiguous U.S. states from 1980 to 2004 is an example of using
A) time series data. B) panel data. C) having a treatment group vs. a control group, since only teenagers receive minimum wages. D) cross-sectional data.