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Unformatted text preview: ral products both regulated under the 1994 WTO agreement? If so, why? 5. Define the following forms of trading blocs: free trade areas, customs unions, common markets, and full economic unions. Into which of these categories does the Europe Union fall? 6. What is trade‐creation and what is trade‐diversion? Under what conditions is a country likely to benefit from joining a trading bloc? 7. Are short run trade‐creation and trade‐diversion effects t...
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This document was uploaded on 03/01/2014 for the course ECNS 314 at Montana.
- Spring '14