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

Question

Quizplus · Accepted Answer

Intra-industry trade occurs when a country both exports and imports the same type of commodity, indicating that the country is engaging in trade within the same industry. This type of trade is typically driven by factors such as economies of scale, product differentiation, and comparative advantage. Therefore, the correct answer is A) intra-industry trade. The other answer choices are not applicable to this scenario.

When a Country Both Exports and Imports a Type of Commodity,the