Question: Comparative advantage explains interindustry trade in different goods between countries. How do economists explain intra - industry trade, that is , trade in the same
Comparative advantage explains interindustry trade in different goods between countries. How do economists explain intraindustry trade, that is trade in the same industry between countries?
Responses
Economists use the concept of economies of scale to explain intraindustry trade.
Economists use the concept of economies of scale to explain intraindustry trade.
Economists use the concept of absolute advantage to explain intraindustry trade.
Economists use the concept of absolute advantage to explain intraindustry trade.
Economists use the concept of national security to explain intraindustry trade.
Economists use the concept of national security to explain intraindustry trade.
Economists use the concept of infant industry to explain intraindustry trade.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
