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Regional Economics
Two classmates in Regional Economics debate over this matter. Student A claimed that for ASEAN to outsmart the European Union in terms of global scale of production, ASEAN must entertain imported goods from the European Union. On the other hand, Student B mentioned that for ASEAN to fight head-on with the EU, it must implement protectionism and entertain solid intra-regional trade. Who is correct? Begin your answer by saying "Student A, or Student B, Both of them, None of them". Then state your reasons. Again, please do not use the examiner as the object or subject of your discussion. This can be done by not using the pronoun "you" in your discussion.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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