MCQOPTIONS
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| 1. |
Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is ________ and the total number of countries forming the customs union is _________? |
| A. | relatively high; relatively large |
| B. | relatively high; relatively small |
| C. | relatively low ; relatively large |
| D. | relatively low ; relatively small |
| Answer» B. relatively high; relatively small | |