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Question 3 a) What is meant by economic integration? b) What factors influence the extent of trade creation and trade diversion? c) Who were the

Question 3

a) What is meant by economic integration?

b) What factors influence the extent of trade creation and trade diversion?

c) Who were the losers in the United States as a result of the North American Free Trade Agreement?

d) Explain the theory of optimum currency areas?

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