Which of the following is the term used to describe the negative effects on countries that are not part of a trade agreement?

Question

Quizplus · Accepted Answer

Trade diversion is the term used to describe the negative effects on countries that are not part of a trade agreement, as they may see their exports to non-member countries decline due to the preferential treatment given to members within the agreement. Trade creation refers to the positive effects of a trade agreement, such as increased trade between members. Trade marginalization and ex ante/post trade are not commonly used terms in international trade.

Which of the Following Is the Term Used to Describe