The country in which banks are classified as city banks, regional banks, and special purpose financial institutions is

Producer surplus is:

a) equal to the area under the supply curve. b) the difference between the maximum price consumers are willing to pay and the minimum price producers are willing to accept. c) the total amount paid for the good. d) the price received for a good minus its marginal cost, summed over the quantity sold. e) equal to the opportunity cost of production.

We know that industrial countries tend to trade with other industrial countries. This pattern counters the:

a. preference theory of comparative advantage. b. factor abundance theory of comparative advantage. c. concept of intraindustry trade. d. product life cycle theory of comparative advantage. e. human skills theory of comparative advantage.