πŸ“Š Indian and Global Economic Development
Q. _______________ occurs when trade shifts to countries in the group at the expense of trade with countries not in the group, even though the nonmember country might be more efficient in the absence of trade barriers.
  • (A) Trade creation
  • (B) Divestment
  • (C) Retrenchment
  • (D) Trade diversion
πŸ’¬ Discuss
βœ… Correct Answer: (D) Trade diversion

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