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    International Economics Study Set 12
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    Exam 8: Regional Trading Arrangements
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    If a Customs Union Includes the Low-Cost Supplier of the World
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If a Customs Union Includes the Low-Cost Supplier of the World

Question 56

Question 56

True/False

If a customs union includes the low-cost supplier of the world, there would be no adverse trade diversion effect that would counteract the positive trade creation effect.

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