Question

if a country both imports and exports vehicles ,it is an example of:

a)imperfect competition
b)interindustry trade
c)intra industry trade
d)perfect competition​

Answer 1

Answer:

intra industry trade is the answer

hope you like it and it will help full for u

Answer 2

If a country both imports and exports vehicles, it is an example of "Intra-industry trade". (option c)

• Intra-industry trade can be defined as the one involving the export and import of similar goods. It is the import and export within the same industry.
• Broadly, intra-industry trade is defined as the condition in which countries simultaneously exchange or import and export the goods that are the same products essentially.
• A few examples of intra-industry trade are, as Japan both exports and imports the computers, the UK imports as well as exports the cars, etc.

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