题目内容
Intra-industry trade would occur if computers manufactured in the United States by IBM are exported to Japan while the United States imports computers manufactured by Hitachi of Japan.
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Because seasons in the Southren Hemisphere are opposite those in the Northern Heminphere, one would expect intra-industry trade to occur in agricultual products.
Intra-industry trade can be explained by product differentiation, economies of scale, seasons of the year, and transportation costs.
According to the theory of intra-industry trade, many manufactured goods undergo a trade cycle in which the home country initially is an exporter and eventually becomes an importer of a product.
The product-life-cycle theory applies best to trade in primary products in the short run.
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