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Which of the following is the formula for the intra-industry trade (IIT) share in a product's total trade? Multiple Choice 1-IX-MI 1-[IX+MI/(X-M)] 1-(X+M) 1-[IX-MI /(X+M)]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is the formula for the intra-industry trade (IIT) share in a product's total trade?
Multiple Choice
1-IX-MI
1-[IX+MI / (X-M)]
O 1-(X+M)
1-[IX-MI/(X + M)]

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