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Intra-industry trade between similar trading partners allows the gains from ______________________ that arise when firms and workers specialize in the production of a certain product.

a. comparative advantage
b. learning and innovation
c. creating the value chain
d. relative advantage

2 Answers

1 vote

Answer:

Learning and innovation

Step-by-step explanation:

User Jameh
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3 votes

Answer:

b. learning and innovation

Step-by-step explanation:

Intra-industry trade can be regarded trade involving exchange of similar products which belongs to the same industry. Intra-industry trade as a term

is usually used as regards to international trade, whereby same services or types of goods is been imported and exported. Learning and innovation skills usually spring out from a particular firm base it's speciality on one kind of products. It should be noted that Intra-industry trade between similar trading partners allows the gains from learning and innovation that arise when firms and workers specialize in the production of a certain product.

User Sebastian Thees
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