Why might the establishment of a customs union lower economic welfare?
Select ONE answer:
- The exchange rate is realigned.
- Labour mobility is increased.
- Trade is created.
- Trade is diverted.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 and KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct
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