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Author Question: What is meant by the concept of "trade diversion"? (Read 52 times)

abcdef9106

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on: Oct 12, 2022
What is meant by the concept of "trade diversion"?
◦ the replacement of a low-cost foreign supplier with a high-cost one based on membership in a trade agreement
◦ trade that is shifted between members of a customs union
◦ the creation of a free-trade area
◦ something that is predicted by theory, but has never been observed in practice
◦ an increase in economic efficiency that comes with a newly established trading relationship
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by abcdef9106 on Oct 12, 2022

Spike8502

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abcdef9106

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

raili21

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Reply 3 on: Yesterday
Wow, this really help

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