The formation of a trade-creating customs union where all economic resources of member nations are fully employed before and after the formation of the customs union leads to an:

Question

The formation of  a trade-creating  customs union where all economic resources of member nations are fully employed before and after the formation of the customs union leads to an:

Answer

increase in the welfare of non-member nations only

Answer

increase in the welfare of member nations only

Answer

increase or decrease in the welfare of member and non-member nations

Answer

increase in the welfare of member and non-member nations

Answer

a reduction in the welfare of member nations

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The formation of a trade-creating customs union where all economic resources o...

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