What is the difference between retained earnings and dividends?
What will be an ideal response?
Retained earnings are profits kept by a firm to be used for financing future expansion. Dividends are profits paid to shareholders.
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Intra-industry trade refers:
a. to imports and exports within the same industry. b. to imports and exports originating in different industries. c. to international trade patterns predicted by the Heckscher-Ohlin model. d. to Ricardian comparative advantage.
The data in the above table demonstrates that gains from trade can be captured if
A) the United States produced both goods. B) the United States produced steel in exchange for concrete produced in France. C) the United States produced concrete in exchange for steel produced in France. D) each country became self-sufficient, produced both goods for itself, and did not engage in trade.