Trade creation occurs when lower-cost external suppliers are replaced by higher-cost suppliers within the free trade area
Indicate whether the statement is true or false.
FALSE
Trade creation occurs when high-cost domestic producers are replaced by low-cost producers within the free trade area. It may also occur when higher-cost external producers are replaced by lower-cost external producers within the free trade area.
Business
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Since the 1950s, the percentage of the U.S. labor force represented by unions has
a. tripled. b. steadily increased. c. fallen to nearly zero. d. steadily declined.
Business
Trade shows, seminars, and conferences are events intended to facilitate personal contact with customers and connectors in a non threatening environment
Indicate whether the statement is true or false
Business