The Increase in the Level of Trade Among Nations That

question 178

Multiple Choice

The increase in the level of trade among nations that results from regional economic integration is called ________.

• A) trade diversion
• B) trade restriction
• C) trade creation
• D) trade embargo

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Definitions:

Capital Gains

The profit earned from the sale of an asset, such as stocks or real estate, where the selling price exceeds the original purchase price.

Marginal Tax Rates

The rate at which the next dollar of taxable income will be taxed, according to the income tax brackets set by the government.

Capital Gains

The profit from the sale of an asset or investment, which is the difference between the sale price and the purchase price.

Marginal Tax Rates

The fraction of your income subjected to taxation, based on the qualifying tax brackets.