Which of the following is an example of intra-industry trade?

Question

Quizplus · Accepted Answer

Intra-industry trade refers to the exchange of similar products between countries within the same industry. Both Japan and the United States are major producers and exporters of cars, and they also import cars from each other, making it an example of intra-industry trade.

Option B is an example of inter-industry trade, where countries specialize in different industries and trade products they are good at producing. The United States exports high tech goods and imports textiles, which are very different industries.

Option C refers to seasonal variations in production and consumption within a country, and option D is an example of one country exporting a different type of product to another country.

Which of the Following Is an Example of Intra-Industry Trade