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tlc_71111 tlc_71111
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4 years ago
A customs union is more likely to lead to trade diversion rather than trade creation when the union's external tariff is very ________ and there is ________ between goods produced within and outside the union.

▸ high; no cost difference

▸ high; a substantial cost difference

▸ low; a substantial cost difference

▸ low; no cost difference
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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Do What Makes You Come Alive
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kirakira15kirakira15
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4 years ago
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tlc_71111 Author
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4 years ago
Thanks for your help!!
mkyoungs
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Yesterday
Smart ... Thanks!
choih94
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2 hours ago
Thanks
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