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Suppose Canada and Brazil agree to create a two-country free trade area (FTA). If Brazilian exports were to replace U.S. exports to Canada as a
Suppose Canada and
Brazil
agree to create a two-country free trade area (FTA). If
Brazilian
exports were to replace U.S. exports to Canada as a result of the new FTA, this would be called
A.
trade creation.
B.
aquota.
C.
trade diversion.
D.
antidumping.
E.
reciprocity.
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