Which of the Following Is a Concern of Some Economists

question 76

Multiple Choice

Which of the following is a concern of some economists regarding regional integration?

• A) The benefits of regional integration are determined by the extent of trade diversion.
• B) The benefits of regional integration may have been oversold, while the costs have been ignored.
• C) A regional free trade agreement will benefit the world only if the amount of trade it diverts exceeds the amount it creates.
• D) The costs of regional integration will be exceedingly high with little chance that the benefits will outweigh the costs.

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Definitions:

Consequences

The results or effects that stem from specific actions, decisions, or policies, which can be positive, negative, or neutral.

Personal Standards

Individual beliefs and values that guide behavior and decisions, often reflecting what one considers important or acceptable.

Obligations and Responsibilities

Duties and liabilities that an individual or entity is required to perform or adhere to.

Property Tax Purposes

For property tax purposes refers to the valuation and assessment of real estate property to determine the amount of property tax owed to local government entities.