When Products from a High­cost Country Within a Customs Union

question 85

Multiple Choice

When products from a high­cost country within a customs union
Replace imports from a low­cost country that is not a member of
The union, this is called:

• A)trade creation.
• B)trade diversion.
• C)trade deflection.
• D)trade development.

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Definitions:

Restricted Diet

A diet that limits or eliminates certain foods or nutrients, often for medical or health reasons.

High Blood Pressure

A condition in which the force of the blood against the walls of the arteries is consistently too high, leading to health risks.

Benzodiazepine

A class of psychoactive drugs known for their sedative, hypnotic, anxiolytic, anticonvulsant, and muscle relaxant properties.

Anxiety

Anxiety is a psychological state characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, stemming from anticipation of future concerns.