A customs union is more likely to lead to trade diversion rather than trade creation when the union's external tariff is very_______ and there is ________between goods produced within and outside the union.

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The Answer of A customs union is more likely to lead to trade diversion rather than trade creation when the union's external tariff is very_______ and there is ________between goods produced within and outside the union.

A Customs Union Is More Likely to Lead to Trade