Explain the Meaning of 'Trade Creation' That Occurs Under a Customs

question 17

Essay

Explain the meaning of 'trade creation' that occurs under a customs union.

---

Definitions:

Diathesis-stress Model

The diathesis-stress model is a psychological theory that explains behavior as a predispositional vulnerability together with stress from life experiences.

Demonological Model

An outdated concept attributing mental illness to possession by evil spirits or demons, predominant in pre-modern societies.

Dissociative Identity Disorder

A severe form of dissociation characterized by the presence of two or more distinct personality states or identities within an individual.

Depersonalization-derealization Disorder

A psychiatric disorder characterized by persistent or recurrent feelings of detachment from one's self or the environment.