Answer to Question 1
D
Answer to Question 2
Economic integration whereby countries seek to remove all barriers to trade among themselves, but each country determines its own barriers against nonmembers, is called a free trade area. A free trade area is the lowest level of economic integration that is possible between two or more countries. Countries belonging to the free trade area strive to remove all tariffs and nontariff barriers, such as quotas and subsidies, on international trade in goods and services. However, each country is able to maintain whatever policy it sees fit against nonmember countries. These policies can differ widely from country to country. Countries belonging to a free trade area also typically establish a process by which trade disputes can be resolved.
Regional integration can expand employment opportunities by enabling people to move from one country to another to find work or, simply, to earn a higher wage. Regional integration has opened doors for young people in Europe. Forward-looking young people have abandoned extreme nationalism and have taken on what can only be described as a European attitude that embraces a shared history. Those with language skills and a willingness to pick up and move to another EU country get to explore a new culture's way of life while earning a living. As companies seek their future leaders in Europe, they will hire people who can think across borders and across cultures.
The Caribou Monument at the World War I Beaumont-Hamel Newfoundland Memorial
Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
El Anatsui Flag for a New World Power
The per capita emissions of the developed world
Singapore’s Changi Airport now holds the world’s tallest indoor waterfall
Suppose a country imports televisions. The country's supply and demand curves are shown in ...