Which of the following is the most likely candidate for a decreasing-cost industry?
a. airlines
b. oil
c. construction
d. computers
Question 2
The international equilibrium price is the point at which:
a. the domestic supply curve of one country intersects the domestic demand curve of another.
b. the domestic demand and supply curves of a country intersects each other.
c. the export supply curve of one country intersects the import demand curve of another.
d. the domestic demand of the trading partners become identical.
e. the domestic supply of the trading partners become identical.
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