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Author Question: Assume that U.S. companies are importing the same product from Mexico and Taiwan. The United States ... (Read 50 times)

iveyjurea

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on: Jul 7, 2018
Assume that U.S. companies are importing the same product from Mexico and Taiwan. The United States enters into an FTA with Mexico but not with Taiwan.
 
  Consequently, the United States begins to import more goods from Mexico (due to lower tariffs) than from Taiwan, even though the Mexican products are not any better or cheaper. This is most likely an example of ________.
  A) trade specialization
  B) trade internalization
  C) trade creation
  D) trade diversion

Question 2

National origin is an acquired group membership.
 
  Indicate whether the statement is true or false
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
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Carliemb17

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Reply #1 on: Jul 7, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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