Which of the following refers to a two-way trade in which a country both exports and imports the same or very similar products?

A. Inter-industry trade
B. Intra-industry trade
C. Net trade
D. Internal trade

Answer: B

Economics

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Specialization is the result of:

A) hiring experienced workers. B) paying higher wages to experienced workers. C) workers developing a certain skill set. D) increased demand for a firm's commodity.

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A ________ is a governance structure where owners are not personally liable

A) sole proprietorship B) partnership C) mixed enterprise D) corporation

Economics