Question: How do the static welfare effects of trade creation and trade diversion relate to a nations decision to form a customs union? Of what importance

How do the static welfare effects of trade creation and trade diversion relate to a nation’s decision to form a customs union? Of what importance to this decision are the dynamic welfare effects?

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How do the static welfare effects of trade creation and trade diversion relate to a nations decision to form a customs union? Of what importance to this decision are the dynamic welfare effects?

3. How do the static welfare effects of trade creation and trade diversion relate to a nations decision to form a customs union? Of what importance to this decision are the dynamic welfare effects?

How do the static welfare effects of trade creation and trade diversion relate to a nation's decision to form a customs union? Of what importance to this decision are the dynamic welfare effects?

How do the static welfare effects of trade creation and trade diversion relate to a nations decision to form a customs union? Of what importance to this decision are the dynamic welfare effects?

How are the static welfare effects of trade creation related and trade diversion with a nation's decision to form a customs union? How important are dynamic effects on well-being for this decision?

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