Which of the following is the term describing very similar products being exported and imported by trading partners?
a. reciprocal trade
b. imperfect competition
c. intra-industry trade
d. inter-industry trade
Ans: c. intra-industry trade
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A ________ is a final good and ________ is an intermediate good
A. new car bought by a student; a used SUV bought by a dealer B. new textbook; used textbook C. new iPhone bought by a student; new computer bought by Wal-Mart D. tank of gasoline bought by you; jet fuel bought by Southwest Airlines
What is the difference between a price ceiling and a price floor? Compared to the competitive equilibrium price, where must price ceilings and price floors be set to have an effect on the market
What will be an ideal response?
In reading the stock market quotes in the newspaper, the column with the heading "Ticker" gives the
A) number of shares of the stock traded that day. B) the full name of the company whose stock is being studied. C) stock symbol for the company. D) highest price the stock has sold for in the past year.
If Nepal is a net importer of computers, free trade will hurt the
A. poor citizens of Nepal. B. domestic producers of computers. C. rich citizens of Nepal. D. domestic consumers of computers.