[Solved] A trade-diverting customs union:

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Q.	A trade-diverting customs union:
A.	increases the welfare of member and nonmember nations
B.	reduces the welfare of member and nonmember nations
C.	increases the welfare of member nations but reduces that of nonmembers
D.	reduces the welfare of nonmembers and may increase or reduce that of members
Answer» D. reduces the welfare of nonmembers and may increase or reduce that of members

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