MCQOPTIONS
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| 1. |
_______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration. |
| A. | Trade diversion |
| B. | Divestment |
| C. | Trade creation |
| D. | Retrenchment |
| Answer» D. Retrenchment | |