Argentina is known to simultaneously be an exporter and importer of beef. This shows that the country engages in:
A)Abandoning product ranges
B)Product differentiation
C)Multilateral trade
D)Intra-industry trade
E)Opportunistic trading

Question

Quizplus · Accepted Answer

Argentina engaging in both exporting and importing beef shows that the country is participating in intra-industry trade, which refers to the exchange of similar products between countries. Intra-industry trade typically occurs among countries with similar levels of economic development and production capabilities.

Argentina Is Known to Simultaneously Be an Exporter and Importer