Which of the Following Occurs When Lower-Cost External Suppliers Are

question 30

Multiple Choice

Which of the following occurs when lower-cost external suppliers are replaced by higher-cost suppliers within the free trade area?

• A) Efficiency gain
• B) Trade diversion
• C) Trade deficit
• D) Trade creation

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Definitions:

Instantiated

The process of creating a concrete instance of a class in object-oriented programming.

Column Processing

The act of manipulating or performing operations on data contained within columns in databases or data frames.

Two-dimensional Array

A structure used in programming to store information in a grid or matrix form, consisting of rows and columns.

Reference Variables

Reference variables in programming are used to refer to objects; they store the memory address of objects rather than actual values.