Author Question: The simultaneous import and export of goods in the same industry by a particular country is known as ... (Read 93 times)

lunatika · **on:** Jun 30, 2018

The simultaneous import and export of goods in the same industry by a particular country is known as interindustry trade.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Some nations that seek to produce all of their own needs face the problem that
a. they can deplete their natural resources faster as a result.
b. some industries are too small to be efficient if restricted to their domestic markets alone.
c. the opportunity cost of producing some of their own goods is higher than that of trading with others for them.
d. all of the above are true.