The Formation of the EU Resulted In

question 4

Multiple Choice

The formation of the EU resulted in:

• A)trade creation in industrial and agricultural products
• B)trade diversion in industrial and agricultural products
• C)trade creation in industrial products and trade diversion in agricultural products
• D)trade diversion in industrial products and trade creation in agricultural products

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Definitions:

Availability Heuristic

The availability heuristic is a cognitive bias that involves making judgments about the likelihood of events based on how easily examples come to mind.

Functional Fixedness

A tendency to think of things based on their usual functions, which may make it harder to solve a problem.

Framing

The way information is presented or worded, which can significantly affect decisions and judgments.

Insight

The capacity to gain an accurate and deep understanding of someone or something, often suddenly and intuitively.