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Which of the Following Describes a Case in Which There

Question 30

Multiple Choice

Which of the following describes a case in which there are likely to be net benefits from a customs union?


A) The union includes the least-cost producers of the traded goods.
B) There are low barriers to trade prior to the union.
C) The countries are complementary rather than competitive.
D) The countries are a larger geographic distance from each other.

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