We often observe "pseudo-intra-industry trade" between the United States and Mexico. Actually, such trade is consistent with
A) comparative advantage associated with Heckscher-Ohlin model.
B) oligopolistic markets.
C) optimal tariff issues.
D) the Ricardian model of trade.
E) the specific factors model of trade.
A
Economics
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When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
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A consumer spends less time searching for a good when her reservation price is:
A. fixed. B. increased. C. reduced. D. None of the answers are correct.
Economics