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A country exports cars and imports cars in the same year. Trade inside one industry like this is called:
AColonial trading
BInformal selling
CBarter exchange
DIntra-industry
Answer & Solution
Correct answer: D. Intra-industry
1. Both flows are in the same industry.
2. Goods cross in both directions.
3. It is intra-industry trade.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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