Intraindustry trade is most common in the trade patterns of
A)developing countries of Asia and Africa.
B)developed countries of Western Europe.
C)all countries.
D)None of the above.

Question

Quizplus · Accepted Answer

Intraindustry trade, which involves the exchange of similar products belonging to the same industry, is most common among developed countries, particularly those in Western Europe. This is because these countries have similar levels of technology and consumer preferences, enabling them to specialize in different products within the same industry and trade these goods with each other.

Intraindustry Trade Is Most Common in the Trade Patterns of