Which is not a dynamic benefit from the formation of a customs union?

Name: Which is not a dynamic benefit from the formation of a customs union?
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Question

Quizplus · Accepted Answer

Trade creation is not a dynamic benefit; it is considered a static benefit resulting from the reallocation of resources to more efficient producers within the customs union. Dynamic benefits, on the other hand, refer to long-term effects such as increased competition, economies of scale, and stimulus to investment.

Which Is Not a Dynamic Benefit from the Formation of a Customs