A political union ________.
A) is complete political and economic integration of two or more countries
B) eliminates trade barriers among member countries and reduces trade deflection
C) requires members to eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production
D) involves the elimination of internal trade barriers among member countries and the adoption of common external trade policies toward nonmembers
Question 2
What is the primary purpose of the International Finance Corporation?
A) make soft loans
B) make hard loans
C) promote private sector development in developing countries
D) provide political risk insurance to MNEs operating in emerging economies
