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    International Economics Study Set 12
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    Exam 8: Regional Trading Arrangements
  5. Question
    Trade Creation Occurs When Imports from a Low-Cost Supplier Outside
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Trade Creation Occurs When Imports from a Low-Cost Supplier Outside

Question 103

Question 103

True/False

Trade creation occurs when imports from a low-cost supplier outside of a customs union are replaced by purchases from a higher-cost supplier within the union.

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