Author Question: A(n) ________ requires member nations to harmonize their tax, monetary, and fiscal policies and ... (Read 41 times)

Tazate · **on:** Jul 7, 2018

A(n) ________ requires member nations to harmonize their tax, monetary, and fiscal policies and create a common currency.

A) customs union
B) economic union
C) free trade area
D) common market

Question 2

Which of the following is true of trade diversion?

A) It increases the purchasing power of consumers.
B) It increases the level of trade between nonmember nations.
C) It generally increases the prices of products in a nation.
D) It guarantees consumers a wider selection of goods.