Tijuana, Mexico is across the border from San Diego, California. It has become a

Question

Tijuana, Mexico is across the border from San Diego, California. It has become a world-leading producer and exporter of television sets and computer monitors, which it assembles in modern factories owned by multinational consumer electronics firms such as Sony. Initially, these electronics were produced in the industrialized countries of their parent companies, and after several years, the production moved to Tiajuana This is an example of Select one: the product cycle. Intraindustry trade. The specific factors model. The magnification effect. None of the above.

Explanation / Answer

b. Intraindustry trade

Intra-industry trade refers to the exchange of similar products belonging to the same industry. The term is usually applied to international trade, where the same types of goods or services are both imported and exported.

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