The Great Depression of the 1930s led to a revolution in macroeconomic thinking, following the work of

Implementing a regional free-trade agreement may have an effect in which, due to reduced tariffs, a nation begins to import a product from another member country that it had previously imported from outside the new trade region. This effect is called:

a. trade creation. b. trade diversion. c. reciprocal trade agreements. d. the employment effect of FTAs.

Land is an example of a renewable resource

Indicate whether the statement is true or false