One Reason That a Large Share of the Trade Between

question 49

Multiple Choice

One reason that a large share of the trade between high-income industrial economies is intraindustry trade is because

• A)it is more advantageous than interindustry trade.
• B)high-income industrial economies produce in the first stage of the product cycle.
• C)high-income industrial economies have dissimilar resource endowments in absolute terms.
• D)it allows firms to take advantage of internal economies of scale.

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