Assume That the Formation of a Customs Union Turns Out

question 63

Multiple Choice

Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question.Which effect could not occur for the participating countries?

• A) Trade creation-production effect
• B) Trade creation-consumption effect
• C) Trade diversion
• D) Scale economies and competition

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells, playing a critical role in the functioning of the brain and nervous system.

Receptors

Specialized cells or proteins in organisms that bind to specific molecules like neurotransmitters or hormones, initiating a biological response.

Dendrite

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the body, or soma, of the neuron.

Neurotransmitter

Chemical messengers that transmit signals across the synaptic gaps between neurons.