When Imports and Exports for the Same Type of Good

question 1

Multiple Choice

When imports and exports for the same type of good are nearly
Equal:

• A)the laws of comparative advantage break down.
• B)it is an indication that nearly all the trade is intra­industry.
• C)exports are probably just "finished" in the nation instead of being fully sourced there.
• D)there is a very low level of intra­industry trade.

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Definitions:

Emotion

A complex psychological state that involves a subjective experience, a physiological response, and a behavioral or expressive response.

Predicted

In the context of research, predicted refers to the expected outcomes or behaviors based on established theories or models prior to conducting an experiment or observational study.

Biological Basis

The underlying physiological and genetic factors that contribute to an individual's characteristics, behaviors, or conditions.

Eysenck

Refers to Hans Eysenck, a psychologist noted for his work on personality theory and the biological basis of personality.