An Argument in Favor of Multilateral Trade Liberalization (Multilateralism)over Preferential

question 48

True/False

An argument in favor of multilateral trade liberalization (multilateralism)over preferential trade agreements (regionalism)is that multilateralism results in less trade diversion.

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Definitions:

Paleozoic Sandstone

A sedimentary rock formed during the Paleozoic era, characterized by grains of sand consolidated with some form of cement.

Precambrian Granite

A type of ancient granite rock that formed during the Precambrian era, over 541 million years ago.

Erosion Surface

A land surface shaped and leveled by the long-term action of erosion, removing geological features.

Half Life

The time required for half of a radioactive substance to decay by radioactive processes.