Intra-Industry Trade Will Tend to Dominate Trade Flows When Which

question 1

Multiple Choice

Intra-industry trade will tend to dominate trade flows when which of the following exists?

• A) small differences between relative country factor availabilities
• B) large differences between relative country factor availabilities
• C) homogeneous products that cannot be differentiated
• D) constant cost industries
• E) uneven distribution of abundant resources between two countries

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Definitions:

Mental Conflicts

Internal struggles that occur when incompatible demands, desires, or impulses compete for a person's attention.

Phenomenological Approach

A method in psychology that focuses on the study of consciousness and the objects of direct experience through the viewpoint of the experiencing person.

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Cross-Cultural

Pertaining to or comparing the cultural norms, values, and practices of different societies or groups within societies.