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.

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