Answer the following statements true (T) or false (F)

1.The theory of overlapping demands contends that international trade in manufactured products is strongest among nations with similar income levels.
2.According to the theory of overlapping demands, trade in manufactured goods would be greater among two wealthy countries than among a wealthy country and a poor country.
3.The increased use of robots, combined with rising labor costs in China, has led some U.S. businesses to return to manufacturing in the United States.
4.Intra-industry trade would occur if computers manufactured in the United States by IBM were exported to Japan while the United States imported computers manufactured by Hitachi of Japan.
5.Because seasons in the southern hemisphere are opposite those in the northern hemisphere, one would expect intra-industry trade to occur in agricultural products


1.True
2.True
3.True
4.True
5.True

Business

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