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:

Quantitative Variable

A variable that can be counted or measured and expressed numerically.

Statistica Neerlandica

A scholarly journal focusing on research in statistics, its methodology, and its applications.

West African Countries

Nations located in the Western part of Africa, including countries like Nigeria, Ghana, and Senegal, among others.

MPG-City

A measure of how many miles a vehicle can travel in city conditions per gallon of fuel.