The simultaneous export and import of widgets by the United States is an example of

Question

Quizplus · Accepted Answer

Intra-industry trade refers to the simultaneous export and import of similar goods within the same industry. The fact that the United States is both exporting and importing widgets suggests that it is engaging in intra-industry trade. The other choices do not accurately describe the situation involving the export and import of widgets by the United States.

The Simultaneous Export and Import of Widgets by the United