Consider a hypothetical example of trade between the United States

| October 3, 2018

Consider a hypothetical example of trade between the United States (a developed country) and Brazil (a developing country) is as followU.S. Exports ($b) to Brazil U.S. Imports ($b) from BrazilLotion & Powder 80 65Perfume 70 120Fragrance 100 70Find:a. the total trade ( TT) between the US and Brazilb. the net trade (NT)c. the intra industry trade (IIT)d. the intra industry trade share

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