When Products from a High-Cost Country Within a Customs Union

question 78

Multiple Choice

When products from a high-cost country within a customs union replace imports from a low-cost country that is not a member of the union, this is called:

• A) trade creation.
• B) trade diversion.
• C) trade deflection.
• D) trade development.

---

Definitions:

Evidence-Based Practice

The conscious, explicit, and judicious use of current evidence in making decisions about the care of individual patients.

Innovative

Featuring new methods; advanced and original in ideas or products; leading to something being better than before.

Methodologically Robust

Describes research or analysis that is conducted with rigorous, systematic techniques ensuring reliability and validity.

Interdisciplinary Teams

Groups of professionals from different fields working collectively towards a common goal, especially in healthcare, education, and research settings.