Trade Creation Refers to The

question 54

Multiple Choice

Trade creation refers to the:

• A)movement of workers to job markets to gain access to better jobs and wages.
• B)dilution of the political and economic rights of a country.
• C)increased number of opportunities for countries to trade with one another by removing barriers to trade and investment.
• D)tendency of the member countries to trade more with each other than with nonmember nations due to the removal of trade barriers.
• E)movement of production to cheaper labor markets in member countries.

---

Definitions:

Offeree

In contract law, the person to whom an offer is made.

Illusory Promise

A promise that does not obligate the promisor to anything.

Legally Enforceable Promise

A commitment or agreement that is recognized by law and can be upheld in a court of justice.

Release

In contract law, a promise made by one party agreeing not to sue a second party.