Question
10. Starting from a situation of non-preferential trade, the creation of a Customs Union (CU) between two countries will: (a) increase both countries' welfare if
10. Starting from a situation of non-preferential trade, the creation of a Customs Union (CU) between two countries will:
(a) increase both countries' welfare if there is trade creation
(b) decrease both countries' welfare if there is trade diversion
(c) increase both countries' welfare if their trade is balanced
(d) decrease both countries' welfare if both countries are small
(e) none of the above
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
