Multiple Choice
As a result of the formation of a free trade area between six member countries in the Pacific Rim, one member country found that its lower-cost external suppliers were replaced by higher-cost suppliers within the free trade area. This is an example of
A) trade creation.
B) strategic pricing.
C) synergy.
D) trade diversion.
E) protectionism.
Correct Answer:
Verified
Correct Answer:
Verified
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