Which of the following is a concern of some economists regarding regional integration?
a) The benefits of regional integration are determined by the extent of trade diversion.
b) The benefits of regional integration may have been oversold, while the costs have been ignored.
c) A regional free trade agreement will benefit the world only if the amount of trade it diverts exceeds the amount it creates.
d) The costs of regional integration will be exceedingly high with little chance that the benefits will outweigh the costs.
Ans: b) The benefits of regional integration may have been oversold, while the costs have been ignored.
You might also like to view...
In an LLC, what is the tax level when it is sold?
What will be an ideal response?
Which statement about performance appraisal research is true?
A) Paired comparisons are clearly superior to other rating format types. B) Employee comparison methods are clearly superior to other rating format types. C) Companies most often use checklists as their preferred rating format. D) Companies most often use a hybrid of a graphic rating scale and a BARS