📊 International Economics
Q. A trade-creating customs union is one where:
  • (A) lower-cost imports from outside the customs union are replaced by higher-cost imports from a union member
  • (B) some domestic production in a member nation is replaced by lower-cost imports from another member nation
  • (C) trade among members increases but trade with nonmembers decreases
  • (D) trade among members decreases while trade with nonmembers increases
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✅ Correct Answer: (D) trade among members decreases while trade with nonmembers increases

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