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Question #48970

Trade creation takes place when ?

Options:

A) a country moves from autarky to free trade

B) a movement to a customs union reduces the cost of trade through standardization

C) economic integration results in a movement in product origin to a lower-cost member country

D) economic integration results in a shift in product origin from a lower cost nonmember country to a member country having higher costs

Answer: Trade creation takes place when economic integration results in a movement in product origin to a lower-cost member country.

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