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