A positive, dynamic effect of economic integration is illustrated by ?

Related Mcqs:

The NAFTA is a ?

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

Trade creation takes place when ?

A. a country moves from autarky to free trade B. a movement to a customs union reduces the cost of trade through standardization 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 … Trade creation takes place when ?Read More...

________ 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...

_________ 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...