Which of the following is the term describing very similar products being exported and imported by trading partners?
a. reciprocal trade
b. imperfect competition
c. intra-industry trade
d. inter-industry trade
Ans: c. intra-industry trade
Economics
You might also like to view...
The interest-rate effect is the impact on real GDP caused by the direct relationship between the interest rate and the:
a. price level. b. exports. c. consumption. d. investment.
Economics
Some low-income countries lack the economic and legal stability needed to provide a fertile climate for domestic economic growth and to attract foreign investment needed to improve the standard of:
a. living. b. care. c. business. d. conduct.
Economics