Multiple Choice
As a result of the formation of BERPHO,a free trade area consisting of six member countries,higher cost external fabric producers were replaced by lower-cost external fabric producers within the free trade area.This is known as
A) trade creation.
B) strategic pricing.
C) synergy.
D) trade diversion.
E) protectionism.
Correct Answer:
Verified
Correct Answer:
Verified
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