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A concern of some economists regarding regional integration is that Multiple Choice a regional free trade agreement will benefit the world only if the amount
A concern of some economists regarding regional integration is that Multiple Choice a regional free trade agreement will benefit the world only if the amount of trade it diverts exceeds the amount it creates. the benefits of regional integration may have been oversold, while the costs have been ignored. the benefits of regional integration are determined by the extent of trade diversion. the costs of regional integration will be exceedingly high with little chance that the benefits will outweigh the costs
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