Preferential trade agreements have a beneficial trade-diversion ...

[audie]

Preferential trade agreements have a beneficial trade-diversion effect when they reduce prices for traded goods and stimulate the volume of international trade.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Imposing a tariff brings about:
 a. higher prices and revenues to domestic producers.
  b. lower sales and revenues to foreign producers.
 c. higher prices to domestic consumers.
 d. all of the above

[nothere]

Answer to Question 1

False

Answer to Question 2

d

[audie]

TYSM

[ultraflyy23]

Excellent