Which of the Following Is a Concern of Some Economist

question 18

Multiple Choice

Which of the following is a concern of some economist 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:

Second Great Awakening

A Protestant religious revival in the United States during the early 19th century, emphasizing individual piety and a personal relationship with God.

Antislavery Efforts

Activities, movements, or initiatives aimed at ending or opposing slavery, often including advocacy, legislation, and support networks for escaped slaves.