Trade creation allows consumers access to more goods at a lower price than would have been possible without integration.

Question

Quizplus · Accepted Answer

This statement is true. When countries form a trade agreement, it reduces trade barriers such as tariffs and quotas, allowing for freer movement of goods and services. This can lead to increased competition and lower prices for consumers, as well as access to a wider variety of goods.

Trade Creation Allows Consumers Access to More Goods at a Lower