When a Country Both Exports and Imports a Type of Commodity

question 35

Multiple Choice

When a country both exports and imports a type of commodity, the country is engaged in

• A) inter-industry trade.
• B) an attempt to monopolize the relevant industry.
• C) increasing returns to scale.
• D) intra-industry trade.
• E) imperfect competition.

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Definitions:

Identical Twins

Twins who have developed from a single fertilized egg and share all of their genes, known as monozygotic twins.

Developmental

Pertaining to the process of growth or development, especially the psychological and physiological growth and changes that occur in human beings throughout their lifespan.

Genetics

The branch of biology dealing with heredity and variation in organisms, explaining how traits are passed from parents to offspring.

Stereotypically Feminine

Traits or behaviors traditionally associated with women in a given culture, often including empathy, nurturing, and sensitivity.