Author Question: Trade shifting to countries within a regional trade agreement at the expense of trade with countries ... (Read 313 times)

crazycityslicker · **on:** Jul 7, 2018

Trade shifting to countries within a regional trade agreement at the expense of trade with countries not in the agreement is called ________.

A) a dynamic effect
B) trade creation
C) trade diversion
D) economy of scale

Question 2

When the European Union was formed, the size of the market increased for European companies. This is most likely an example of a ________.

A) dynamic effect
B) static effect
C) trade diversion
D) trade reflection

Question 3

________ is law enacted by legislative action.

A) Common law
B) Civil law
C) Statutory law
D) Bureaucratic law

Sweetkitty24130 · **Reply #1 on:** Jul 7, 2018

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