Which of the following occurs when high-cost domestic producers are re
QUESTION
Which of the following occurs when high-cost domestic producers are replaced by low-cost producers within a free trade area?
A. Value creation
B. Strategic pricing
C. Trade creation
D. Trade diversion
E. Economic exposure
Trade creation occurs when
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.