Since the 1970s, the percentage of total income earned by the poorest 20 percent of American families has fallen
a. True
b. False
Indicate whether the statement is true or false
True
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Tests, using Leontief's methodology, to explain trade patterns of other countries
A) show that the Leontief Paradox holds only for the United States. B) show that paradoxical results obtain for some countries but not for others. C) show that the Leontief paradox holds in every case. D) have never been performed.
Does the presence in the real world of intraindustry trade prove or disprove the classical or Heckscher-Ohlin models? Explain
What will be an ideal response?
An equilibrium occurs in a game when
a. price equals marginal cost b. quantity supplied equals quantity demanded c. all independent strategies counterbalance all determinate strategies d. all players follow a strategy that negates the strategies of at least one other player e. all players follow a strategy that they have no incentive to change
In the case in which foreign affiliates undertake the same kind of production as the parent firm, the affiliate ________ some trade in that product. The affiliate also ________ trade through better local marketing of other products produced by the multinational in other countries.
A. expands; expands B. displaces; displaces C. displaces; expands D. expands, displaces