The large the size and the greater the number of countries in a customs union, the greater will be the trade-diversion effect.
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Over the long run, the formation of a customs union may yield welfare gains due to economies of scale, greater competition, and stimulus to investment.
A. 对
B. 错
By the mid-1990s, the European Union had essentially achieved the common market stage of economic integration.
A. 对
B. 错
At the Maastricht Summit of 1991, members of the European Union expressed the goal of achieving the common market stage of economic integration.
A. 对
B. 错
To protect its farmers from forgein competition, the European Union has utilized variable import levies and export subsidies.
A. 对
B. 错