Each of the following is a determinant of demand except
a. tastes

Which of the following is the situation in which firms outside a trade bloc shift the final assembling process of partially assembled products into a member nation of the bloc and then export the finished products to other nations within the bloc?

A) trade diversion B) trade deflection C) trade retention D) rules of origin

An industry with a high four-firm concentration ratio implies

a. firms have high supplier power b. firms have low supplier power c. buyers have a high supplier power d. buyers have a low supplier power