The term "value added" refers to the dollar value of
A. the intermediate goods purchased by an industry plus the profits of the industry.
B. an industry's sales less the dollar value of the intermediate goods purchased by the industry.
C. an industry's sales plus profits.
D. the intermediate goods and services purchased by an industry.
Answer: B
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A legal arrangement characterized by preferential treatment of export industries is
a. export orientation b. export processing zone c. customs union d. effective protection e. none of the above
Suppose that a large dairy farmer is able to raise the market price of milk by withholding milk supply from the market. In this instance,
a. the milk market is perfectly competitive b. buyers will decrease their demand for milk c. buyers will increase their demand for milk d. the milk market is imperfectly competitive e. the milk market will collapse in the long run
The slope of the money demand curve is...
What will be an ideal response?
Phytosanitary regulations apply to which of the following?
A) Eggs B) Meats C) Plants D) All of the above