When increased government spending results in decreased consumer or business spending, the government spending is said to be crowding out the consumer and business spending

The customs union could lead to losses for the home country if:

a. the other country in the customs union is the most efficient producer b. the other country in the customs unions is not the most efficient producer. c. there are other countries outside the customs union that are inefficient. d. all countries are efficient producers.

Which of the following does NOT help organize trade?

A) property rights B) markets C) the production possibilities frontier D) None of the above because all these answers given help organize trade.