Some economists have pointed out that the benefits of regional integra

QUESTION

Some economists have pointed out that the benefits of regional integration are determined by the extent of trade diversion, as opposed to trade creation.

Indicate whether the statement is true or false.

ANSWER

FALSE
Some economists have expressed concern that the benefits of regional integration have been oversold, while the costs have often been ignored. They point out that the benefits of regional integration are determined by the extent of trade creation, as opposed to trade diversion.