Preferential trade agreements inherently discriminate against countries that do not belong to the agreement and inflict losses on their exporters. This phenomenon is know as:
A) Trade deflection.
B) Trade creation.
C) Trade diversion.
D) The gains from trade.
E) None of the above
Correct Answer:
Verified
Q1: Preferential trade agreements are troublesome in the
Q3: Which of the following is an exception
Q4: Regional trade agreements:
A) are the same for
Q5: In order for a preferential trade agreement
Q6: GATT/WTO regulations state that in order for
Q7: Which of the following is not a
Q8: The least integrated category of economic integration
Q9: A significant feature of a customs union
Q10: Which statement is correct?
A) Both customs unions
Q11: To solve the problems associated with trade
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