Intraindustry trade refers to
A) international trade of products made within the same industry.
B) international trade of products made across different industries.
C) trade that occurs as a result of comparative advantage.
D) the exchange of non-similar items.
E) trade that occurs mostly within developing countries.
A
You might also like to view...
Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible
What will be an ideal response?
If the United States can produce both wine and chocolate at a lower resource cost than France,
a. both countries can still benefit from specialization and international trade b. only the United States can benefit from specialization and international trade c. only France can benefit from specialization and international trade d. neither country can benefit from specialization and international trade e. there will be unknown effects of specialization and international trade