If the index of intra-industry trade for an industry is zero, then:
a. exports and imports in that industry are equal.
b. there are no exports in that industry.
c. there are no imports in that industry.
d. there is no trade in that industry.
Ans: d. there is no trade in that industry.
Economics
You might also like to view...
A monopoly:
a. faces the market demand curve which is downward sloping. b. has a marginal revenue curve which slopes downward and lies below its demand curve. c. will maximize profits by producing an output level where MR = MC. d. all of these.
Economics
An economic variable that measures something at a particular point in time is called a _____
a. stock variable b. periodic variable c. dummy variable d. flow variable e. constant variable
Economics