A Country Will Have Positive Static Benefit from a Customs

question 24

Multiple Choice

A Country will have positive static benefit from a customs union if

• A)the resulting trade diversion is significantly stronger than the resulting trade creation
• B)if the resulting trade creation is significantly stronger than the resulting trade diversion
• C)if the price of import significantly increases over the free trade price without tariff
• D)if there is significant stimulus for investment

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Definitions:

Unwanted Thought

Unwanted thoughts are intrusive and often distressing ideas, images, or impulses that enter the mind without the individual's desire, which can be difficult to manage or eliminate.

Compulsion

An irresistible urge to behave in a certain way, especially against one's conscious wishes.

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a manual used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

MMPI

The Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology used to diagnose mental disorders.