Which of the Following May Be an Explanation for Intraindustry

question 23

Multiple Choice

Which of the following may be an explanation for intraindustry trade?

• A) The product life cycle theory
• B) Preferences
• C) The factor abundance theory
• D) The Ricardian model
• E) The human skills approach

---

Definitions:

Social Structure

The organized pattern of relationships and social institutions that together compose society, including roles, classes, and social hierarchies.

Republican Society

A social order that emphasizes the welfare of the community and operates on principles of democracy and the rule of law, often in contrast to a monarchy or dictatorship.

Common Good

The benefit or interests of all participants in a society, considered as a guiding principle for governance and public policy.

Standard Deviation

A measure of the dispersion or variability of a set of values around the mean.