Explain the intra industry trade and difference between intra industry and inter industry trade.

Question

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Answer 1

Question

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

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Answer 2

Question

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

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Answer 3

Question

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

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Answer 4

Question

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

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Answer 5

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

Answer 6

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

Answer 7

Chapter 5, Problem 1SQ

To determine

Explain the intra industry trade and difference between intra industry and inter industry trade.

Answer 8

Expert Solution & Answer

Explanation of Solution

The trade takes place within the similar industries is known as the intra industry trade. The differentiated products produced by monopolistic and oligopoly competitive markets will lead to trade the commodities with in the same industries and between the nations but the intra industrial trade does not include the homogeneous products. The intra industrial trade can be measured through the examination of similar products traded in each country.

When two or more products traded internationally, it is known as the inter industry trade. One can explain it through the theory of comparative advantage. The presence of internal economies of scale is the most important characteristics of the intra industry trade.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 5 - Prob. 1SQ Ch. 5 - Prob. 2SQ Ch. 5 - Prob. 3SQ Ch. 5 - Prob. 4SQ Ch. 5 - Prob. 5SQ Ch. 5 - Prob. 6SQ Ch. 5 - Prob. 7SQ Ch. 5 - Prob. 8SQ Ch. 5 - Prob. 9SQ

Explain the intra industry trade and difference between intra industry and inter industry trade.

Explain the intra industry trade and difference between intra industry and inter industry trade.

Explanation of Solution

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Chapter 5 Solutions