What is the value of the index of intra-industry trade for an industry in which exports are $100 million and imports are $200 million?
a. 100/300 = 0.33
b. (100 + 200)/100 = 3.00
c. 100/[1/2 × (100 + 200)] = 0.67
d. 100/200 = 0.50
Ans: c. 100/[1/2 × (100 + 200)] = 0.67
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