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Calculate the intra-industry trade index (pg. 192) for rice (HS 1006) and motor cars (HS 8703) in 2018 for Canada and Japan and the Entire World. To obtain the export and import values, access the U.S. Trade Stats Express Web site (https://tse.export.gov/), click on "National Trade Data" then "Global Patterns of U.S. Merchandise Trade." Under the "Product" section, change the item to rice or cars. Which product did you expect to have a higher index of intra-industry trade? Did you expect this to be different across countries? Explain your expectations for both?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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