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The Potential for Trade Diversion Is Smaller When a Custom

question 163

True/False

The potential for trade diversion is smaller when a custom union's external tariff is lower rather than higher.


Definitions:

Custom Installation

The process of installing only those features of a software program that a user wants on the hard drive.

Data Category

A classification of data based on shared characteristics, making data management more efficient.

Audio Compression

A technique to reduce the size of audio files by removing unnecessary data, while trying to maintain the original sound quality as much as possible.

MP3

A digital audio format widely used for storing music files and audio streaming, known for its compression capabilities.

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