The Table Given Below Shows the Export and Import Values

question 35

Multiple Choice

The table given below shows the export and import values of automobiles, pharmaceuticals, and clothing in country A and country B. $$\begin{array} { | c | c | c | } \hline \text { Country A } & \text { Exports (\$billions) } & \text { Imports (\$billions) } \\\hline \text { Automobiles } & 20 & 40 \\\hline \text { Pharmaceuticals } & 30 & 30 \\\hline \text { Clothing } & 40 & 0 \\\hline\end{array}$$ $$\begin{array} { | c | c | c | } \hline \text { Country B } & \text { Exports (\$billions) } & \text { Irmports (\$billions) } \\\hline \text { Autornobiles } & 0 & 20 \\\hline \text { Pharmacenticals } & 40 & 40 \\\hline \text { Clothing } & 45 & 35 \\\hline\end{array}$$ In country A, the product with the highest intra-industry trade (IIT) share is _____ and the product with the lowest IIT share is _____.

• A)automobiles; pharmaceuticals
• B)pharmaceuticals; clothing
• C)clothing; automobiles
• D)clothing; pharmaceuticals

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Definitions:

License Plates

License Plates are metal or plastic plates attached to motor vehicles for official identification purposes, displaying a unique number or alphanumeric code issued by governmental agencies.

Moving Expenses

Costs associated with relocating from one residence to another, which may include packing, transportation, and temporary housing fees.

Speed Limits

Regulations set by authorities that specify the maximum speed at which vehicles may legally travel on a particular stretch of road.

Exponentially Depreciates

Refers to assets that lose value at a rate which accelerates over time, based on a specific formula.