Which Is Not a Dynamic Benefit from the Formation of a Customs

question 15

Multiple Choice

Which is not a dynamic benefit from the formation of a customs union?

• A)increased competition
• B)economies of scale
• C)stimulus to investment
• D)trade creation

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Definitions:

Chordate Group

A large group of animals that, at some stage in their development, possess a notochord, dorsal nerve cord, pharyngeal slits, and a post-anal tail.

Bony Fishes

Fish that have skeletons primarily composed of bone tissue, as opposed to cartilaginous fishes; this group includes the vast majority of current fish species.

Placoderms

A group of extinct jawed fishes.

Extinct

The state in which a species no longer exists anywhere on Earth, often due to environmental changes, predation, or human activities.