

McqMate
Q. |
A trade-creating customs union is one where: |
A. | lower-cost imports from outside the customs union are replaced by higher-cost imports from a union member |
B. | some domestic production in a member nation is replaced by lower-cost imports from another member nation |
C. | trade among members increases but trade with nonmembers decreases |
D. | trade among members decreases while trade with nonmembers increases |
Answer» D. trade among members decreases while trade with nonmembers increases |
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