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The following table lists the exports and imports to a country for cars. Exports (billions) $30.2 Imports (billions) $18.8 Total Exports Plus Imports (billions) $49
The following table lists the exports and imports to a country for cars. Exports (billions) $30.2 Imports (billions) $18.8 Total Exports Plus Imports (billions) $49 How would you characterize trade in cars for this country? Select the best answer. Answer Key Q Inter-industry trade, since there is a significant quantity of both exports and imports in the same industry O Intra-industry trade, since there is a significant quantity of both exports and imports in the same industry Intra-industry trade, because it depends on the foreign country's imports for almost all of the goods in this industry You cannot characterize trade with the information given
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