1. Business
  2. Economics
  3. 1 a customs union that has a variety of nations...

Question: 1 a customs union that has a variety of nations...

Question details

1. A customs union that has a variety of nations with a variety of different resource abundances tends to have bigger trade diversion losses than would be the case if its members had essentially the same resource abundances.

True/False

2. A customs union can accelerate the speed of technical advance among it members.

True/False

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution