The Larger the Size and the Greater the Number of Countries

question 14

True/False

The larger the size and the greater the number of countries in a customs union,the greater will be the trade-diversion effect.

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Definitions:

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.

Marketing Efforts

Actions or initiatives taken by a company to promote its products or services and reach its target market.

Companies

Legal entities formed by individuals, stockholders, or shareholders with the purpose of conducting commercial or industrial enterprise.

Sustainability

The practice of meeting the needs of the present without compromising the ability of future generations to meet theirs, encompassing environmental, social, and economic dimensions.