3. When one country joins a free trade area with a common external tariff, it causes: O a. Trade creation O b. Trade diversion O c. Trade union O d. Trade agreement
3. When one country joins a free trade area with a common external tariff, it causes: O a. Trade creation O b. Trade diversion O c. Trade union O d. Trade agreement
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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what is the correct answer ?
![23. When one country joins a free trade area with a common external tariff, it causes:
a.
Trade creation
O b. Trade diversion
O c.
Trade union
O d. Trade agreement](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5d93f92-43f2-4e21-9bbd-576203fb45e7%2Fb3d73f79-bad2-41bd-8de2-394b94942679%2F1mqwexc_processed.png&w=3840&q=75)
Transcribed Image Text:23. When one country joins a free trade area with a common external tariff, it causes:
a.
Trade creation
O b. Trade diversion
O c.
Trade union
O d. Trade agreement
![14. Which of the following is international trade?
a. Both (b) and (c)
O b. Trade between regions
Trade between countries
O d. Trade between provinces](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5d93f92-43f2-4e21-9bbd-576203fb45e7%2Fb3d73f79-bad2-41bd-8de2-394b94942679%2Fzpju1cq_processed.png&w=3840&q=75)
Transcribed Image Text:14. Which of the following is international trade?
a. Both (b) and (c)
O b. Trade between regions
Trade between countries
O d. Trade between provinces
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