Which of the Following Describes a Case in Which There

question 16

Multiple Choice

Which of the following describes a case in which there are likely to be net benefits from a customs union?

• A) The union includes the least-cost producers of the traded goods.
• B) There are low barriers to trade prior to the union.
• C) The countries are complementary rather than competitive.
• D) The countries are a larger geographic distance from each other.

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Definitions:

Defective Corporation

A corporation about which an error or omission was made during its incorporation process.

Incorporator

An individual who applies for incorporation on behalf of a corporation.

Promoters

Individuals or companies that initiate and take the responsibility for setting up a business or company.

Government

The organization, or the apparatus, through which a political unit exercises authority and performs functions and which is usually classified as parliamentary or presidential.