Which of the Following Is Not an Example of Intra-Industry

question 23

Multiple Choice

Which of the following is not an example of intra-industry trade?

• A) England exports beef to Ireland, and imports Irish potatoes
• B) the Dutch export elm trees and import lumber products
• C) Canadians touring the US side of Niagara Falls stay in US motels while Americans touring the Canadian side stay in Canadian hotels
• D) Russia exports oil and imports capital equipment
• E) Norwegians deposit funds in Swiss banks while the Swiss buy insurance from Norway

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Definitions:

Egocentric

Focused on oneself and considering one’s own perspectives and interests above those of others.

Essentialist Tendency

The inclination to believe in an intrinsic, unchanging nature of things, often ignoring the influence of culture, context, and history.

Generalize

To make a general or broad statement by inferring from specific cases.

Average

A statistical measure representing the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.