What Is Meant by the Concept of "Trade Creation

question 73

Multiple Choice

What is meant by the concept of "trade creation"?

• A)the opening up of new trading routes
• B)inefficient trade that follows the establishment of a free-trade area
• C)trade based on comparative advantage that typically follows the reduction of trade barriers
• D)increased exports and reduced imports as a result of a high-tariff policy
• E)regional trade agreements

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