Answer in the questions : • What inter-industry trade are you most familiar with? • What...

Answer in the questions :

• What inter-industry trade are you most familiar with?

• What intra-industry trade are you most familiar with?

Expert Solution

Inter-industry trade is a trade of different types of products that belong to different industries between countries.

For instance, the trade of agricultural products produced in one country with technological equipment produced in another country can be classified to be an inter-industry trade. Countries usually engage in inter-industry trade according to their competitive advantages.

Intra-industry trade, on the other hand, is a trade of products that belong to the same industry. As it has been noted, “intra-industry trade (IIT), that is trade of similar products, has been a key factor in trade growth in recent decades. These trends have mostly been attributed to the fragmentation of production (outsourcing and off shoring) as a result of globalisation and new technologies.”

Inter-industry trade is contrasted with intra-industry trade, which is a consequence of imperfect competition, and often takes place between countries with very similar factor endowments.

Rahul Sunny answered 1 year ago

Research of the intra-industry trade contents the trade volume, value, industries, trends, comparison with inter-industry trade...

Research of the intra-industry trade contents the trade volume, value, industries, trends, comparison with inter-industry trade of exact two countries and some other related issues about Myanmar and China

Intuitively gains from trade in the inter-industry models of trade were driven by comparative advantage, what...

Intuitively gains from trade in the inter-industry models of trade were driven by comparative advantage, what process drives the gains from trade in the intra-industry trade model.

Differentiate between inter –industry and intra -industry trade and discuss why an increasing proportion of world...

Differentiate between inter –industry and intra -industry trade and discuss why an increasing proportion of world trade today involves the exchange of differentiated products. (250 words)

“When differences between countries’ factor endowments are significant the inter-industry trade will dominate trade flows, but...

“When differences between countries’ factor endowments are significant the inter-industry trade will dominate trade flows, but when these differences are small or non-existent the intra-industry trade will tend to dominate trade flows.” Do you agree or disagree? Evaluate fully. Make sure you outline the key theory (ies) of intra-industry trade in answering this question.

“The Stolper-Samuelson Theorem is useful in explaining the distributive effects of both inter-industry and intra-industry trade”....

“The Stolper-Samuelson Theorem is useful in explaining the distributive effects of both inter-industry and intra-industry trade”. Do you agree/disagree with this statement? Why? State the theorem and discuss its relevance to both cases.

What is the difference between the eyes of most animals you are familiar with and the...

What is the difference between the eyes of most animals you are familiar with and the eyespots of Dugesia? ----- How does the head of Dugesia move differently from the tail? Where is the feeding tube located? Why is this unusual for bilaterally symmetrical organisms? Is the gastrovascular cavity of Dugesia a simple sac? How is it divided and what advantage do these divisions offer? Consider objective 1 listed at the beginning of this exercise. How could being monoecious contribute...

Think about the industry in which you work or an industry with which you are familiar....

Think about the industry in which you work or an industry with which you are familiar. Describe the barriers to entry in the industry. Give examples of steps/policies /strategies the industry has used to increase market power.

Think of an organization are familiar and answer the following questions: 1) As a consultant for...

Think of an organization are familiar and answer the following questions: 1) As a consultant for this organization, what advice would give its management to improve the organization. structure and their organizing approach?

1. Select a business or industry that you are familiar with and describe the period of...

1. Select a business or industry that you are familiar with and describe the period of time during which the business would need to be open in your area in order to gain a customer following? Why do you think this is the case? 2. how much capital do you feel is necessary for a business to gain its “critical mass?”

NAFTA renegotiation, regarding telecommunication industry in Mexico, what are the uncertainties in trade policies? -answer should...

NAFTA renegotiation, regarding telecommunication industry in Mexico, what are the uncertainties in trade policies? -answer should be explained briefly using numbers and examples. -no point forms

Question