A. 400 units from B
B. 200 units from C
C. 200 units from each
D. 400 units from B and 200 units from C
Correct Answer: 200 units from C ✔
Last Updated: June 18, 2019
Related MCQs
- Criticisms against the North American Free Trade Agreement include all of the following except ?
- Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is _ and the total number of countries forming the customs union is _________?
- A positive, dynamic effect of economic integration is illustrated by ?
- _________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pregroup levels ?
- ________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries ?
- If A forms a customs union with C, the value of trade diversion will be ?
- Trade diversion takes place when ?
- The implementation of a common market involves all of the following except ?
- As of 2002, the ________ became the official currency union of the European Monetary System ?
- The implementation of the European Union has ?
- The European Union is an example of a/an ?
- The European Union has achieved all of the following except ?
- Under the EU’s Common Agricultural Policy, a variable import levy equals the ?
- Trade creation takes place when ?
- When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?
- Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?
- Which level of economic integration best applies to the U.S economy ?
- A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?
- The European Monetary Union is an example of a ?
- If A forms a customs union with B, A will import ?
- The NAFTA is a ?
- In free trade A will import ?
- Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?
- When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?
- The Common Agricultural Policy of the European Union has ?
- Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?
- Which country is not a member of the European Union ?
- Members of the EU find that trade creation|| is fostered when their economies are ?