A Trade-Diverting Customs Union Results In

question 8

Multiple Choice

A trade-diverting customs union results in:

• A)trade diversion only
• B)trade creation only
• C)both trade creation and trade diversion
• D)we cannot say

---

Definitions:

Income Mobility Studies

Research focused on analyzing the movement of individuals or groups within the income distribution over time, assessing the ability to change economic status.

Privately Sponsored

Funded or supported primarily by private individuals, companies, or organizations rather than by the government or public entities.

Government Sponsored

Refers to initiatives, programs, or enterprises financially supported or backed by government entities.