_____ Occurs When Higher-Cost External Producers Are Replaced by Lower-Cost

question 16

Multiple Choice

_____ occurs when higher-cost external producers are replaced by lower-cost external producers within the free trade area?

• A) Trade creation
• B) Strategic pricing
• C) Value creation
• D) Trade diversion
• E) Protectionism

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Definitions:

Flesh

The soft substance consisting of muscle and fat between the skin and bones of an animal or a human.

Tumor

A growth of cells that occurs abnormally when cell division exceeds normal limits or when cells fail to die at the appropriate time.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.

PET

Positron Emission Tomography, a type of nuclear medicine imaging test that shows how tissues and organs are functioning.