Implementing a Regional Free­trade Agreement May Have an

question 117

Multiple Choice

Implementing a regional free­trade agreement may have an
Effect in which, due to reduced tariffs, a nation begins to import a
Product from another member country that it had previously
Imported from outside the new trade region.This effect is called:

• A)trade creation.
• B)trade diversion.
• C)reciprocal trade agreements.
• D)the employment effect of FTAs.

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Definitions:

Supportive Tissue

Biological tissue that provides support and structure for the organs and body, such as bone and cartilage.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through control of skeletal muscles.

Endocrine System

A network of glands in the body that produce and release hormones directly into the bloodstream to regulate the body's growth, metabolism, and sexual development and function.