The Concept of "Trade Creation" Refers to

question 2

Multiple Choice

The concept of "trade creation" refers to

• A)increased exports and reduced imports as a result of a high- tariff policy.
• B)trade based on comparative advantage that typically follows the reduction of trade barriers.
• C)inefficient trade that follows the establishment of a free- trade area.
• D)regional trade agreements.
• E)the opening up of new trading routes.

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