Author Question: Preferential trade agreements have a beneficial trade-diversion effect when they reduce prices for ... (Read 223 times)

audie · **on:** Jun 30, 2018

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