Prior to the conflict between Russia and Ukraine, Russia sold fertilizer to Ukraine and Ukraine sold wheat to Russia. This is an example of____________trade. horizontal inter-industry. O vertical intra-industry. O vertical inter-industry. O horizontal intra-industry.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Answer plz... both the questions 

Prior to the conflict between Russia and Ukraine, Russia sold fertilizer to Ukraine and Ukraine sold
wheat to Russia. This is an example of_________trade.
O horizontal inter-industry.
O vertical intra-industry.
O vertical inter-industry.
O horizontal intra-industry.
Transcribed Image Text:Prior to the conflict between Russia and Ukraine, Russia sold fertilizer to Ukraine and Ukraine sold wheat to Russia. This is an example of_________trade. O horizontal inter-industry. O vertical intra-industry. O vertical inter-industry. O horizontal intra-industry.
Motorcycles
MD+DF
ME+DF
ME+ED
PPC in Vietnam
ED+DF
Rice
Motorcycles
E
In reference to the above graph, suppose Vietnam and Japan are producing and consuming at
points A and D, respectively. If they agree on the price shown on the graph as the line GB=CF,
then Japan's total consumption of rice will be
PPC in Japan
D
Rice
Transcribed Image Text:Motorcycles MD+DF ME+DF ME+ED PPC in Vietnam ED+DF Rice Motorcycles E In reference to the above graph, suppose Vietnam and Japan are producing and consuming at points A and D, respectively. If they agree on the price shown on the graph as the line GB=CF, then Japan's total consumption of rice will be PPC in Japan D Rice
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Trade
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education