Which of the Following Refers to Trade Creation

question 33

Multiple Choice

Which of the following refers to trade creation?

• A)The net increase in exports when the currency of a country depreciates with respect to a foreign currency
• B)The net increase in imports when foreign firms lower the prices of their exports
• C)The net volume of new trade that results from the formation of a trade bloc
• D)The net change in the volume of trade when a country raises its barriers on its imports

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Definitions:

Authority

The legal power or right given to an individual or entity to make decisions, conduct transactions, or enforce rules and regulations.

Remedies

Legal means for enforcing a right or redressing a wrong, including monetary damages, injunctions, and specific performance.

Downtown Office Supply

A business specializing in providing office supplies and equipment, typically located in a city's downtown area.

Property Rights

Legal rights related to the ownership, use, and disposal of property.