A dynamic welfare gain resulting from the formation of the European Union would be:
A) Trade diversion
B) Trade creation
C) Diseconomies of scale
D) Economies of scale

Question

Quizplus · Accepted Answer

Economies of scale are a dynamic welfare gain as they allow for increased production efficiency and cost reduction, benefiting from the larger market created by the European Union.

A Dynamic Welfare Gain Resulting from the Formation of the European