The Higher the Value for the Index of Intra-Industry Trade

question 107

Multiple Choice

The higher the value for the index of intra-industry trade:

• A) the lower total trade is for other products.
• B) the greater is the percentage of intra-industry trade in that good.
• C) the more we should be concerned about job loss and outsourcing.
• D) the higher the gains from trade.

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Definitions:

Shi Huangdi

The first Emperor of a unified China (221-210 BCE), known for his contributions to Chinese infrastructure, the Great Wall, and his terracotta army.

Life-Size Warriors

Full-scale statues or sculptures representing soldiers or warriors, often found in burial sites or as part of commemorations.

Tomb

A burial chamber or vault, often constructed of stone, in which the deceased are laid to rest.

Shakyamuni Buddha

Another name for Siddhartha Gautama, the historical founder of Buddhism, who attained enlightenment and shared his insights to help others reach the same state.