

MCQOPTIONS
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1. |
Trade creation takes place when ? |
A. | a country moves from autarky to free trade |
B. | a movement to a customs union reduces the cost of trade through standardization |
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» D. economic integration results in a shift in product origin from a lower cost nonmember country to a member country having higher costs | |