Which of the following is one of the most important determinants of intra-industry trade?
A) physical capital
B) human capital
C) unskilled labor
D) economies of scale
E) perfect competition

Question

Quizplus · Accepted Answer

Economies of scale are a key determinant of intra-industry trade, as they allow firms to specialize in the production of goods and services, leading to increased efficiency and the ability to trade similar but differentiated products within the same industry.

Which of the Following Is One of the Most Important