Which of the Following Can Be Termed as Trade Diversion

question 29

Multiple Choice

Which of the following can be termed as trade diversion?

• A) The imposition of tariffs on the import of a good.
• B) Subsidizing domestic production to reduce imports and support domestic production.
• C) Banning trade in a certain good to protect an infant industry in the country.
• D) Creation of a trade bloc results in buying a good from a high-cost member nation rather

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Definitions:

Stranger

An individual who is not known personally to another individual, often embodying unfamiliarity or the absence of an established relationship.

Friend

A person with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Copycat Crimes

Criminal acts that are modeled or inspired by previous crimes that have been widely publicized.

Psychoanalytic Theory

A theoretical approach in psychology which posits that human behavior is influenced by unconscious motivations and conflicts, originally developed by Sigmund Freud.