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Roughly what share of United States trade and of European trade is trade within the same industry?
A60 percent
B90 percent
C20 percent
D40 percent
Answer & Solution
Correct answer: A. 60 percent
1. The share is a clear majority.
2. The same figure holds on both sides.
3. It is about 60 percent.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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