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Provide answer with around 200 words for this question. (14 points total) 1) What is intra-industry trade? (2 points) 2) What is IIT index? (2
Provide answer with around 200 words for this question. (14 points total) 1) What is intra-industry trade? (2 points) 2) What is IIT index? (2 points) 3) What kind of countries tend to show higher/lower IIT index? Why? (5 points) 4) What kind of industries tend to show higher/lower IIT index? Why? (5 points) To answer the above questions, you must refer to the real country/industry examples from your group work or presentations by the other groups to illustrate the conclusion. It's encouraged to include some data, but not compulsory
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