What is meant by the term industrial policy how do, Microeconomics

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What is meant by the term industrial policy how do

Problem

1. Distinguish between in traindustry trade and interindustry trade. What are some major determinants of in traindustry trade?

2. What is meant by the term industrial policy? How do governments attempt to create comparative advantage in sunrise sectors of the economy? What are some problems encountered when attempting to implement industrial policy?

3. How can governmental regulatory policies affect an industry's international competitiveness?

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