This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant by the concept of "trade diversion"? (Read 84 times)

abcdef9106

  • Full Member
  • ***
  • Posts: 122
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abcdef9106 on Oct 12, 2022

Spike8502

  • Full Member
  • ***
  • Posts: 140
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.
Answer Preview
Only 39% of students answer this correctly


abcdef9106

  • Member
  • Posts: 122
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

American Foreign Trade, 1790–1812 American Foreign Trade, 1790–1812
Concept Formation Concept Formation
Transatlantic Slave Trade Transatlantic Slave Trade
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Nursing: A Concept-Based Approach to Learning, Volume I Nursing: A Concept-Based Approach to Learning, Volume I
Nursing: A Concept-Based Approach to Learning, Volume II, 3rd Edition Nursing: A Concept-Based Approach to Learning, Volume II, 3rd Edition
Video: Epidural Hematoma

For a complete list of videos, visit our video library