Interindustry trade refers to
A) international trade in products made within the same industry.
B) domestic trade in products made within the same industry.
C) international trade in products made across different industries.
D) the exchange of similar items that are differentiated.
C
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Which of the following would cause an increase in the supply of peanut butter?
A) a decrease in the price of grape jelly (assuming that peanut butter and grape jelly are complements) B) an increase in the price of peanut butter C) an increase in the number of firms that produce peanut butter D) an increase the price of a product that producers sell instead of peanut butter
If an increase in quantity demanded of a product reduces the quantity demanded of another, then the two goods are said to be substitutes
a. True b. False Indicate whether the statement is true or false