Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area, scrapping all trade barriers between themselves but maintaining tariffs on imports from the rest of the world
Now, Ceria begins to import sugar from Lithinia. However, Ceria had previously been importing sugar from another country, Cadnia, which produced sugar more cheaply than Ceria or Lithinia. This is known as:
A. trade creation
B. strategic pricing
C. synergy
D. trade diversion
E. protectionism
D
Business
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The success of HR departments depends on how well they serve the interests of which of the following stakeholder groups?
A) employees, line managers, executives, unions, and the U.S. government B) unions and the U.S. government C) executives and shareholders D) employees and line managers
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