When a country both exports and imports a type of commodity, the country is engaged in

Name: When a country both exports and imports a type of commodity, the country is engaged in
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

Intra-industry trade refers to the exchange of goods between countries that have similar levels of development and produce similar goods. This can involve both imports and exports of the same type of commodity, as opposed to inter-industry trade which involves the exchange of goods from different industries.

When a Country Both Exports and Imports a Type of Commodity