________ Is Said to Exist When the Formation of a Regional

question 1

Multiple Choice

________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries.

• A)Trade creation
• B)Trade diversion
• C)Trade exclusion
• D)Trade distortion

---

Definitions:

Institutions

Established organizations or systems in society with specific purposes and roles, such as educational, religious, or governmental entities.

Well-Ordered Society

A society in which there are mutually accepted principles of justice governing the basic structure of the main institutions.

Morally

Pertaining to principles of right and wrong in behavior; ethical.

Acting

Acting involves performing roles in plays, films, television, or other mediums, portraying characters and conveying stories through emotional expression, body language, and voice.