The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 In Country B, the product with the highest intra-industry trade (IIT) share is ________ and the product with the lowest IIT share is

A. clothing; pharmaceuticals.
B. automobiles; pharmaceuticals.
C. pharmaceuticals; automobiles.
D. clothing; automobiles.

Answer: C

Economics

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A perfectly competitive firm maximizes its profit by producing the level of output so that its average total cost equals the market price

Indicate whether the statement is true or false

Economics

A(n) ________ in the riskiness of corporate bonds will ________ the price of corporate bonds and ________ the yield on corporate bonds, all else equal

A) increase; increase; increase B) increase; decrease; increase C) decrease; increase; increase D) decrease; decrease;decrease

Economics