Question #48960

________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries ?


Options:

Answer: trade diversion is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries .

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Share This Question