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swimgal16 swimgal16
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6 years ago
With a partial trade agreement
 
  A) goods and services are allowed to cross boundaries without tariffs.
  B) two or more countries agree to liberalize trade in a selected group of categories.
  C) two or more countries set common tariffs toward non-members.
  D) two or more countries allow the free mobility of inputs such as labor and capital.
  E) two or more countries agree on establishing a common currency.



Question 2 - Which of the following is a problem that arises when trying to classify regional trade agreements?
 
  A) Many agreements combine elements from different categories.
  B) The definition of free trade area includes that of a customs union.
  C) Some agreements include cultural issues while others do not.
  D) The most favored nation clause includes all of them.
  E) None of the above.



Question 3 - In terms of overall welfare, dumping is good for the importing country.
 
  Indicate whether the statement is true or false
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flwoerdustflwoerdust
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6 years ago
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swimgal16 Author
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Thanks
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