Trade Diversion Occurs When

question 91

Multiple Choice

Trade diversion occurs when:

• A)low-cost producers within the free trade area replace high-cost domestic producers.
• B)lower-cost suppliers replace higher-cost external suppliers within the free trade area.
• C)higher-cost external suppliers replace lower-cost domestic producers within the free trade area.
• D)higher-cost suppliers replace lower-cost external suppliers within the free trade area.

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Definitions:

Meta-analysis

is a statistical technique that combines the results of multiple scientific studies to arrive at a comprehensive conclusion.

Interaction

Interaction refers to the reciprocal action or influence between two or more entities, objects, or individuals.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on the dependent variable.

Dependent Variable

The variable in experimental research that is measured to assess any changes in response to the manipulation of the independent variable.