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

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...

When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?

A. trade creation B. trade diversion C. dynamic welfare effects D. comprehensive welfare effects...

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 the reduction of trade with nonmember countries in favor of member countries ?

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