Which of the following is unlikely to be an advantage gained from joining a customs union?
A) External economies of scale
B) Better terms of trade for the country
C) Lower costs of administering economic policy
D) Internal economies of scale
Correct Answer:
Verified
Q1: A customs union is
A) the union of
Q3: Which of the following is unlikely to
Q4: A customs union is more likely to
Q5: What is trade diversion?
A) Where trade is
Q6: Which of the following defines a situation
Q7: Assume that the most efficient producer of
Q8: Assume that, before it joined the EU,
Q9: Which is the largest zone of preferential
Q10: The purpose of the North American Free
Q11: Which of the following is the least
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