Trade diversion takes place when ? – McqOptions

MCQOPTIONS

1.	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» E.

Discussion

No Comment Found

Related MCQs

<p> Trade diversion takes place when ?</p>
<p> In free trade A will import ?</p>
<p> The NAFTA is a ?</p>
<p> Criticisms against the North American Free Trade Agreement include all of the following except ?</p>
<p> _________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pregroup levels ?</p>
<p> A positive, dynamic effect of economic integration is illustrated by ?</p>
<p> The European Union is an example of a/an ?</p>
<p> 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 _________?</p>
<p> ________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries ?</p>
<p> If A forms a customs union with B, A will import ?</p>