Trade Diversion Refers to The

Multiple Choice

Trade diversion refers to the:

A) tendency of the member countries to trade more with each other than with nonmember nations due to the removal of trade barriers.
B) movement of production to cheaper labor markets in member countries.
C) movement of workers to job markets to gain access to better jobs and wages.
D) dilution of the political and economic rights of a country.
E) increased number of opportunities for countries to trade with one another by removing the barriers to trade and investment.