Only typed answer The table below shows the export and import values of automobiles, pharmaceuticals,and clothing in Country A and Country B.Country AAutomobilesExports ($Billions) Imports ($Billions)20Pharmaceuticals 30400Exports ($Billions) Imports ($Billions)204035ClothingCountry B4030Automobiles 0Pharmaceuticals 40Clothing45Country B has a higher intra-industry trade (IIT) share compared to Country A forO only automobiles.O only pharmaceuticals.O only clothing.O both pharmaceuticals and clothing.

Intra-industry trade implies countries involved in both the export and import of the same type of…

Answered: The table below shows the export and…

The table below shows the export and import values of automobiles, pharmaceuticals and clothing in Country A and Country B.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 22P

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Question

Only typed answer

The table below shows the export and import values of automobiles, pharmaceuticals,
and clothing in Country A and Country B.
Country A
Automobiles
Exports ($Billions) Imports ($Billions)
20
Pharmaceuticals 30
40
0
Exports ($Billions) Imports ($Billions)
20
40
35
Clothing
Country B
40
30
Automobiles 0
Pharmaceuticals 40
Clothing
45
Country B has a higher intra-industry trade (IIT) share compared to Country A for
O only automobiles.
O only pharmaceuticals.
O only clothing.
O both pharmaceuticals and clothing.

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