One reason that a large share of the trade between high-income industrial economies is intraindustry trade is because
A) it is more advantageous than interindustry trade.
B) high-income industrial economies produce in the first stage of the product cycle.
C) high-income industrial economies are wealthier than developing countries.
D) high-income industrial economies have dissimilar resource endowments in absolute terms.
E) it allows firms to take advantage of internal economies of scale.
E
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If you discovered that a country had an income tax system whereby the marginal and average tax rates were the same for all income levels what might you conclude is true about the structure of this income tax system
How is it possible in other words for the marginal and average tax rate to be the same?
Japanese Prime Minister Ryutaro Hashimoto was called the "Herbert Hoover of Japan" because he
a. looked like a very distinguished politician. b. advocated vast public works to combat unemployment. c. advocated budget deficit reduction in the midst of a recession. d. advocated easier monetary policy and lower interest rates to combat recession.
If the unemployment rate drops, then it necessarily follows that some of the people who were once unemployed are now employed
Indicate whether the statement is true or false
A firm will keep hiring more workers until the MRP of the last worker hired is equal to the ___________.
Fill in the blank(s) with the appropriate word(s).