________ Is Said to Exist When the Formation of a Regional

question 1

Multiple Choice

________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries.

• A)Trade creation
• B)Trade diversion
• C)Trade exclusion
• D)Trade distortion

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Definitions:

Expert Validity

Validity as judged by relevant experts.

Face Validity

A question or measure that appears to capture the concept it is intended to capture. See also expert validity and panel validity.

Likert-Type Scales

A response scale used in surveys to gather information on a participant's level of agreement or preferences towards a statement.

Human Communication

The process by which individuals share information, ideas, or feelings through verbal or non-verbal means.