When Germany exports Mercedes Benz to the United States and the United States exports Hummers to Germany, they are Oa. engaged in inter-industry trade. Ob.creating a regional agreement on the auto industry. c engaged in merger and acquisition of the auto industry. Od.engaged in intra-industry trade.

When Germany exports Mercedes Benz to the United States and the United States exports Hummers to Germany, they are Oa. engaged in inter-industry trade. Ob.creating a regional agreement on the auto industry. c engaged in merger and acquisition of the auto industry. Od.engaged in intra-industry trade.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: International Trade

Section: Chapter Questions

Problem 4.9P

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What are the two main sources of economic gains from intra-industry trade?
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