According to the Swiss Institute for Management Development, the top country in terms of productive efficiency is

Suppose that industry X and industry Y have intra-industry trade indexes equal to 0.80 and 0.20, respectively. Which of the following is then correct?

a. There is a greater share of intra-industry trade in industry X than in industry Y. b. There is a greater share of intra-industry trade in industry Y than in industry X. c. Industry X and industry Y have equal shares of intra-industry trade. d. There is no intra-industry trade in either industry X or industry Y.

If the price of vanilla ice cream decreases, it is likely that

a. demand for vanilla ice cream will increase b. demand for vanilla ice cream will decrease c. demand for chocolate ice cream will increase d. demand for chocolate ice cream will decrease e. the quantity demanded of vanilla ice cream will decrease