The table given below shows the export and import values of automobiles, pharmaceuticals, and clothing in country A and country B. $$\begin{array} { | c | c | c | }
\hline \text { Country A } & \text { Exports (\$billions) } & \text { Imports (\$billions) } \
\hline \text { Automobiles } & 20 & 40 \
\hline \text { Pharmaceuticals } & 30 & 30 \
\hline \text { Clothing } & 40 & 0 \
\hline
\end{array}$$ $$\begin{array} { | c | c | c | }
\hline \text { Country B } & \text { Exports (\$billions) } & \text { Irmports (\$billions) } \
\hline \text { Autornobiles } & 0 & 20 \
\hline \text { Pharmacenticals } & 40 & 40 \
\hline \text { Clothing } & 45 & 35 \
\hline
\end{array}$$ In country A, the product with the highest intra-industry trade (IIT) share is _____ and the product with the lowest IIT share is _____.

Question

The table given below shows the export and import values of automobiles, pharmaceuticals, and clothing in country A and country B. $$\begin{array} { | c | c | c | } 
\hline \text { Country A } & \text { Exports (\$billions) } & \text { Imports (\$billions) } \
\hline \text { Automobiles } & 20 & 40 \
\hline \text { Pharmaceuticals } & 30 & 30 \
\hline \text { Clothing } & 40 & 0 \
\hline
\end{array}$$ $$\begin{array} { | c | c | c | } 
\hline \text { Country B } & \text { Exports (\$billions) } & \text { Irmports (\$billions) } \
\hline \text { Autornobiles } & 0 & 20 \
\hline \text { Pharmacenticals } & 40 & 40 \
\hline \text { Clothing } & 45 & 35 \
\hline
\end{array}$$ In country A, the product with the highest intra-industry trade (IIT) share is _____ and the product with the lowest IIT share is _____.

Quizplus · Accepted Answer

Intra-industry trade (IIT) refers to the exchange of similar products belonging to the same industry. The IIT share is higher when the export and import values are closer. For country A, pharmaceuticals have equal export and import values ($30 billion each), indicating the highest IIT share. Clothing, with exports of $40 billion and imports of $0, shows the lowest IIT share since it's only exported and not imported at all.

The Table Given Below Shows the Export and Import Values