Author Question: ________ are a form of regional integration where member countries lower internal trade barriers and ... (Read 159 times)

appyboo · **on:** Jun 30, 2018

________ are a form of regional integration where member countries lower internal trade barriers and establish a common barrier against nonmembers.

A) Customs unions
B) Free trade areas
C) Reciprocal trade agreements
D) None of the above.

Question 2

General equilibrium occurs in autarky at the point where the community indifference curve intersects the production possibilities frontier.

Indicate whether the statement is true or false