If Exports of an Industry Are $100 Million and Imports

question 139

Multiple Choice

If exports of an industry are $100 million and imports are zero, which of the following is the value of the index of intra-industry trade?

• A) 0
• B) 1
• C) 0.5
• D) 100 million

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Definitions:

Specific Places

This term doesn't align directly with a specific economic concept; it could relate to locations significant for economic activities or market transactions.

Transferability

Transferability refers to the ease with which skills, knowledge, or assets can be moved or used in different contexts or jobs.

Supply Of Water

The total volume of water available for use from natural sources, storage, and distribution systems to meet consumer demands.

Trading

The action of buying, selling, or exchanging goods and services within or across markets.