If a Customs Union Included All of the Countries in the World

question 87

True/False

If a customs union included all of the countries in the world, there could exist only trade creation, not trade diversion.

Understand and apply the Poisson distribution to model certain types of random events.

Evaluate statistical evidence to determine if an outcome is significantly unusual.

Understand the concept of variability in the context of probability distributions.

Apply probability concepts to real-world scenarios to make predictions.