Ghana exports electric power to Ivory Coast and at the same time imports electric power from Ivory Coast. This is an example of intra-industry tradeA. TrueB. False

The Ghana government’s policy of reducing or abolishing tariffs on some imports is a normal practice to enhance import substitutionA. TrueB. False

Intra-industry trade occurs when a country tends to export one good and imports a wholly different type of good from another country.A. TrueB. False

These are all different forms of energy for running the Ghanaian econony except:a.Hydroelectrictyb.National gridc.Fossil fueld.Solar energy

The most important factor that influences the competitiveness of Ghanaian export firms is promotion.A. TrueB. False

A product is produced in a monopolistically competitive industry with scale economies. If thisindustry exists in two countries, and these two countries engage in trade with each other, then wewould expectA) the country with a relative abundance of the factor of production in which production of theproduct is intensive will export this product.B) the countries will trade only with other nations they are not in competition with.C) the country in which the price of the product is lower will export the product.D) neither country will export this product since there is no comparative advantage.E) each country will export different varieties of the product to the other.