________ 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 ?

Related Mcqs:

The Common Agricultural Policy of the European Union has ?

A. increase American farm exports to the EU B. decrease American farm exports to the EU C. lowered the price of American farm exports to the EU D. not affected the price of American farm exports to the EU...

Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

A. free-trade area B. customs union C. common market D. monetary union...

If A imposes a per unit tariff of $10 on imports from both B and C A will import ?

A. 400 units from B B. 200 units from C C. 200 units from each D. 400 units from B and 200 units from C...

If A forms a customs union with C, the value of trade diversion will be ?

A. $0 B. $10,000 C. $20,000 D. $40,000...

_________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pregroup levels ?

A. trade creation B. trade diversion C. trade exclusion D. trade distortion...