About how much U.S. and European trade is intra-industry?
a. 40%
b. 50%
c. 60%
d. 70%
c. 60%
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If the world supply curve is SW0, and the country discovers a significant natural resource that can be exported, the world supply curve will shift:
A. up and the trade balance will become a surplus. B. up and the trade balance will become a deficit. C. down and the trade balance will become a surplus. D. down and the trade balance will become a deficit.
Suppose a U.S. citizen invests $1,000 to purchase a one-year Japanese bond that has an interest yield of 10 percent. If the dollar appreciates 20 percent against the Japanese yen by the maturity date, the dollar value of the proceeds is _____
a. $900 b. $1,100 c. $1,300 d. $1,500 e. $1,200
These are the cost and revenue curves associated with a monopolistically competitive firm.
According to the graph shown, the monopolistically competitive firm will charge a price:
A. P3 in the long run, and earn zero profits. B. P2 in the short run, and earn positive profits. C. P2 in the long run, and earn zero profits. D. P3 in the short run, and earn positive profits.
Which of the following factors will shift AD1 to AD3?
A. An increase in expected returns on investment
B. An increase in productivity
C. A decrease in real interest rates
D. A decrease in consumer wealth