Regional Trading Arrangements Mcqs


Q.  Trade diversion takes place when ?

a. a country moves from autarky to free trade
b. a movement to a customs union reduces the costs of trade through standardization economic integration results in a
c. economic integration results in a movement in product origin to a lower cost member country
d. economic integration results in a shift in product origin from a lower-cost, nonmember country to a member country having higher costs


ANSWER: See Answer
 
No explanation is available for this question!
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