If the Intra Industry Trade Index equals 100 for a given Country… A)Value of Imports = Value of Exports, in some industry B)Value of Imports = Value of Exports, in each industry C)Value of Imports > Value of Exports, in each industry

If the Intra Industry Trade Index equals 100 for a given Country…

A)Value of Imports = Value of Exports, in some industry

B)Value of Imports = Value of Exports, in each industry

C)Value of Imports > Value of Exports, in each industry

 

 

Answer:

If the Intra Industry Trade Index equals 100 for a given Country. means that the value of Imports is equal to the value of exports, in each industry.

If nation A exports $100 in food to nation B and imports $100 in food from nation B, the whole expression equals 1, indicating that 100 percent of the trade in the food industry is intraindustry trade.

Asked on February 15, 2018 in economics.
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