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Economics
MEDIUM
ENGLISH
Economics
Trade diversion takes place when ?
A
a country moves from autarky to free trade
Option A
B
a movement to a customs union reduces the costs of trade through standardization economic integration results in a
Option B
C
economic integration results in a movement in product origin to a lower cost member country
Option C
economic integration results in a shift in product origin from a lower-cost, nonmember country to a member country having higher costs
Correct answer
Correct answer: D
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