题目内容

Which of the following organizations is considered a regional trading arrangement?

A. Organiaztion of Petroleum Exporting Countries
B. North Atlantic Treaty Organization
C. Benelux
D. International Tin Agreement

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When products from high-cost suppliers within a customs union replace imports from a low-cost nation that is not a member of the customs union, there exist(s):

A. Dynamic welfare losses
B. Dynamic welfare gains
C. Trade creation
D. Trade diversion

Which form of economic integration occurs when participating countries abolish tariffs on trade among themselves, establish a common tariff on imports from nonmembers, and permit free movement of captial and labor within the organization?

A. Free trade areaFreetradearea
B. Economic unionEconomicunion
Common market
D. Monetary union

A static welfare effect resulting form the formation of the European Union would be:

A. Economies of scale
B. Trade diversion
C. Inveatment incentives
D. Increased competition

A dynamic welfare gain resulting from the formation of the European Union would be:

A. Trade diversion
B. Trade craetion
C. Diseconomies of scale
D. Economies of scale