This topic contains a solution. Click here to go to the answer

Author Question: The current account includes A) the value of trade in merchandise. B) services. C) unilateral ... (Read 119 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
The current account includes
 
  A) the value of trade in merchandise.
  B) services.
  C) unilateral transfers.
  D) All of the above.

Question 2

Describe the history and consequent deepening as the European Union developed.
 
  Which treaties created which level of economic integration? Do countries have the ability to participate in some levels of integration and not others? Give specific examples.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

D

Answer to Question 2

The Treaty of Rome created the basics for a free trade area as well as a political infrastructure for noneconomic integration.
The Single European Act created a common market among the participants and dealt with an outstanding customs union issues.
The Treaty on European Union (or Maastricht Treaty) brought the participating countries into economic union.
Some countries (such as Norway and Switzerland) participate in the common market but are not members of the EU. Only 12 countries currently participate in the treaty on European Union. For example, the UK, Denmark, and Sweden will never be required to use the euro.





 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

For a complete list of videos, visit our video library