What is the value of the intra-industry trade index for an industry in which exports are $100 million and imports are $100 million?
a. 100/200 = 0.50
b. (100 + 100)/100 = 2.00
c. 100/[1/2 × (100 + 100)] = 1.00
d. (100 - 100)/100 = 0.00
Ans: c. 100/[1/2 × (100 + 100)] = 1.00
Economics
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