Intraindustry trade is characterized by what two features?
What will be an ideal response?
Economies of scale and differentiated products
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Which of the following statements is correct?
a. A central bank has absolute control over the nominal interest rate but not the real interest rate. b. A central bank has absolute control over the real interest rate but not the nominal interest rate. c. A central bank has absolute control over both the nominal and real interest rates. d. A central bank does not have absolute control over the nominal interest rate or the real interest rate.
Which of the following is not true about your nominal income?
A. It is the same as your real income in times of high inflation. B. It is measured in current dollars. C. It is the amount of money you receive during a given time period. D. It is not an accurate measure of purchasing power.