What Is Potentially an Important Argument Against Regional Trade Agreements

Multiple Choice

What is potentially an important argument against regional trade agreements?

A) The benefits of trade creation may be outweighed by the costs of trade diversion.
B) They are more difficult to negotiate than multilateral agreements at the WTO.
C) The gains from trade can only be realized with global trade agreements.
D) Regional trade agreements lead to more volatile swings in national income.
E) Regional trade agreements are not legally enforceable.