Which Is Not a Dynamic Benefit from the Formation of a Customs

question 15

Multiple Choice

Which is not a dynamic benefit from the formation of a customs union?

• A)increased competition
• B)economies of scale
• C)stimulus to investment
• D)trade creation

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Definitions:

Doctrine

A principle or body of principles presented for acceptance or belief, as by a religious, philosophical, scientific, or political group.

Liability

A legal responsibility or obligation, which can be civil or financial in nature.

Reasonable-Person Standard

A legal criterion used to determine how an average person with ordinary prudence would act in certain situations.

Objective

A goal or target that is intended to be achieved.