WTO talks in the late 1990s led to openings in both financial services and telecommunications.
Indicate whether the statement is true or false
Question 2
Economists believe that there are many nonmonetary gains from further trade opening. Which of the following is NOT one of those potential gains?
A) Economies of scale from increased production decreases costs.
B) Intensified competition lowers prices.
C) Governments will be less reliant on tariff revenue.
D) Diversification of production lowers risks.
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