Which of the Following Is an Example of Intra-Industry Trade

question 4

Multiple Choice

Which of the following is an example of intra-industry trade?

• A) Japan and the United States both import and export cars.
• B) The United States sends high technology goods to China and imports textiles and clothing.
• C) The United States produces lettuce in the summer and imports lettuce from Chile in the winter.
• D) The United States ships wheat to Africa.

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Definitions:

Somalia

A country located on the Horn of Africa, known for its extensive coastline and history of maritime commerce.

Afghanistan

A landlocked country located in South Asia and Central Asia, known for its complex history of conflicts and strategic importance.

Foreign Aid

Financial assistance provided by one country to another, often to support economic development, humanitarian efforts, or political stability.

Developing Countries

Nations with low to middle industrialization levels and lower standards of living and Human Development Index (HDI) compared to developed countries.