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Trade creation takes place when ?

Economics Mcqs, Regional Trading Arrangements /
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 a member country having higher costs

Trade creation takes place when ? Read More »

Economics Mcqs, Regional Trading Arrangements

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

Economics Mcqs, Regional Trading Arrangements /
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

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

Economics Mcqs, Regional Trading Arrangements

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 ?

Economics Mcqs, Regional Trading Arrangements /
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

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 ? Read More »

Economics Mcqs, Regional Trading Arrangements

A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?

Economics Mcqs, Regional Trading Arrangements /
A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?

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

A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ? Read More »

Economics Mcqs, Regional Trading Arrangements

Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?

Economics Mcqs, Regional Trading Arrangements /
Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?

A. variable levies
B. export subsidies
C. trigger prices
D. countertrade

Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ? Read More »

Economics Mcqs, Regional Trading Arrangements