The Table Given Below Shows the Export and Import Values

question 31

Multiple Choice

The table given below shows the export and import values of automobiles, pharmaceuticals, and clothing in country A and country B. $$\begin{array} { | c | c | c | } \hline \text { Country A } & \text { Exports (\$billions) } & \text { Imports (\$billions) } \\\hline \text { Automobiles } & 20 & 40 \\\hline \text { Pharmaceuticals } & 30 & 30 \\\hline \text { Clothing } & 40 & 0 \\\hline\end{array}$$ $$\begin{array} { | c | c | c | } \hline \text { Country A } & \text { Exports (\$billions) } & \text { Imports (\$billions) } \\\hline \text { Automobiles } &0 & 20 \\\hline \text { Pharmaceuticals } & 40 & 40 \\\hline \text { Clothing } & 45 & 35 \\\hline\end{array}$$ The weighted-average of the intra-industry trade (IIT) shares in country A's trade in automobiles, pharmaceuticals and clothing is:

• A)0.625.
• B)0.875.
• C)0.4375.
• D)1.286.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials or commissions.

True Performance

The actual output or results achieved by an employee, as opposed to perceived or estimated performance.

Canadian Companies

Businesses or corporations that are registered, based, or operate primarily in Canada.

Variable Pay

Compensation that is based on performance or outcomes, differing from fixed salaries and can include bonuses, commissions, or profit-sharing.