Trade shifting to countries within a regional trade agreement at the expense of trade with countries not in the agreement is called ________.
A) a dynamic effect
B) trade creation
C) trade diversion
D) economy of scale
Answer: C) trade diversion
Trade shifting to countries within a regional trade agreement at the expense of trade with countries not in the agreement is called ________.
A) a dynamic effect
B) trade creation
C) trade diversion
D) economy of scale
Answer: C) trade diversion
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.