| A) | an arrangement in which members allow a full freedom of factor flows among themselves in addition to the principles of a customs union.
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| B) | an arrangement in which member countries unify all their economic policies
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| C) | occurs when the embargo inflicts little damage on the target country, but possibly greater damage on the imposing country.
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| D) | states that any concession given to any foreign nation must be given all nations having status.
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| E) | a trade agreement between the United States, Canada, and Mexico signed in 1993.
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| F) | an arrangement in which members remove trade barriers among themselves.
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| G) | an arrangement in which members remove all barriers to trade among themselves and also adopt a common set of external barriers.
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| H) | arrangements between countries in which members remove trade barriers amongst themselves, maintain barriers against nonmember countries' exports, and maintain their own fiscal and monetary policies.
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| I) | when a set of countries denies the export from, the import to, or both the export from and the import to a particular country.
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| J) | occurs when the target country's national decision makers have so much stake in the policy that provoked an embargo that they will stick with that policy even if the economic cost to their nation becomes extreme.
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| K) | the volume of trade diverted from low-cost outside exporters to higher-cost bloc-partner exporters.
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| L) | the net volume of new trade created by forming a trade bloc.
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