What Is the Value of the Intra­industry Trade Index for an

question 112

Multiple Choice

What is the value of the intra­industry trade index for an
Industry in which exports are $100 million and imports are $100
Million?

• A)100/200 = 0.50
• B)(100 + 100)/100 = 2.00
• C)100/[1/2 × (100 + 100)] = 1.00
• D)(100 - 100)/100 = 0.00

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Definitions:

Normative Influence

The impact of societal norms on an individual’s behavior, often leading to conformity in order to be accepted or liked by a group.

Social Comparison

The process of evaluating oneself by contrasting one's abilities, characteristics, and behaviors with those of others.

Social Decision Schemes

Patterns or rules that groups use to make decisions, emphasizing the process of combining individual preferences into a collective choice.

Cautious Judgments

The practice of making decisions or forming opinions based on a careful evaluation of risks and benefits.