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The united states is both a substantial exporter and a substantial importer of capital goods, autos, and industrial supplies. this is an example of?

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The United states is both a substantial exporter and a substantial importer of capital goods, autos, and industrial supplies.  This is an example of Intra-industry trade.

What is Intra-industry trade?

Intra-industry trade may be broadly defined as the situation where nations concurrently import and export goods that are fundamentally the same. As an illustration, the UK both imports and exports automobiles to Sweden. Wheat is imported from the United States and exported by the European Community to other nations. Automobiles, food and beverage products, computers, and minerals are a few examples of this type of trade.

There are three types of intra-industry trade-

  • Trade in Homogeneous Goods.
  • Trade in Horizontally Differentiated Goods.
  • Trade in Vertically Differentiated Goods.

To know more about Intra-industry trade refer:

https://brainly.com/question/26016623

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