When a country both exports and imports a type of commodity, the country is engaged in( )
A: inter-industry trade
B: increasing returns to scale
C: intra-industry trade
D: imperfect competition
E: an attempt to monopolize the relevant industry
A: inter-industry trade
B: increasing returns to scale
C: intra-industry trade
D: imperfect competition
E: an attempt to monopolize the relevant industry
举一反三
- 中国大学MOOC: When a country both exports and imports a type of commodity, the country is engaged in _______.
- Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in() A: monopolistic competition. B: inter-industry trade. C: intra-industry trade. D: Heckscher-Ohlin trade. E: None of the above.
- A ()occurs when a country's imports exceed its exports during a given time period. A: trade balance B: trade imbalance C: trade surplus D: trade deficit
- A country's trade balance is in surplus when _____ A: its exports are more than its imports B: it experiences negative inflation C: its exports equal the imports D: the prices of commodities are low in the country
- •(1) If the country’s imports were more than exports, the country would have a trade surplus.