When free trade areas are set up the member countries trade with each – McqOptions

MCQOPTIONS

1.	When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
A.	trade diversion
B.	trade channeling
C.	trade creation and trade diversion
D.	trade creation
Answer» D. trade creation

Discussion

No Comment Found

Related MCQs

Which of the following is not an argument for protectionism ?
Which American industry has least been affected by import competition in recent years ?
When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
When countries from large trading blocs like the EU, the size of the bloc has the effect of improving them ?
What is not a feature of the EU as a single market ?
To prevent the external value of the currency from falling the government might ?
The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?
The terms of trade measure ?
The term tariff, as used in international trade refers to ?
The real income of domestic producers and consumers can be increased by ?