What Is Potentially an Important Argument Against Regional Trade Agreements

question 36

Multiple Choice

What is potentially an important argument against regional trade agreements?

• A)The benefits of trade creation may be outweighed by the costs of trade diversion.
• B)They are more difficult to negotiate than multilateral agreements at the WTO.
• C)The gains from trade can only be realized with global trade agreements.
• D)Regional trade agreements lead to more volatile swings in national income.
• E)Regional trade agreements are not legally enforceable.

---

Definitions:

Theory Y

A management approach based on the belief that employees are intrinsically motivated to work and can be trusted to seek out responsibility.

Punishment

The introduction of an unpleasant stimulus as a consequence of the learner having done something wrong.

True Self

Refers to an individual's authentic, core identity that remains constant over time and across situations.

Industrial Humanism

An approach within business that emphasizes the importance of human welfare, values, and dignity in the workplace.