Economic integration whereby countries remove barriers to trade and the movement of labor and capital among members, set a common trade policy against nonmembers, and coordinate their economic policies is called a(n) ________.
A) customs union
B) common market
C) economic union
D) free trade area
Question 2
The main difference between a free trade area and a customs union is that the members of a customs union ________.
A) agree to the free movement of all factors of production
B) harmonize their tax, monetary, and fiscal policies and create a common currency
C) agree to treat trade with all nonmember nations in a similar manner
D) accept a common stance on economic and political policies regarding nonmember nations
Question 3
Economic integration whereby countries remove all barriers to trade and the movement of labor and capital between themselves and set a common trade policy against nonmembers is called a ________.
A) free trade area
B) customs union
C) common market
D) preferential trade area
Question 4
________ require that member countries concede a certain amount of their national autonomy to the supranational union of which they are a part.
A) Free trade areas
B) Customs unions
C) Economic unions
D) Preferential trade areas
Economic and Social Development
Population growth in India, China, Africa, and other countries in the developing world
How does slime mold use pulsating movement to search for foods?
economic question
economic question
economic question