Efficiency gains within the European community are expected because:
A) the removal of non-tariff barriers allows countries to exploit their comparative advantage.
B) a larger market allows firms to realize economies of scale.
C) greater competition could produce increased net social benefits.
D) all of the above.
Correct Answer:
Verified
Q81: Tariffs are politically popular because:
A) they are
Q82: If a country is so large that
Q83: An optimal tariff is:
A) the highest possible
Q84: From a global perspective, free trade:
A) reduces
Q85: The original aims of the European Community
Q87: The World Trade Organization would be most
Q88: The North American Free Trade Agreement (NAFTA):
A)
Q89: Much of world trade is organized around
Q90: The bulk of exports from the LDCs
Q91: Since tariffs distort trade there is no
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