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:

Simplify

To make something less complex or less complicated, often by reducing it to its basic elements.

Simplify

To make something less complicated or easier to understand, often by reducing complexity.

Simplify

The process of making something easier to understand or less complex.

Imaginary Numbers

Complex numbers that can be written as a real number multiplied by the imaginary unit i, where i is the square root of -1, used in advanced mathematics.