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Author Question: Economic integration whereby countries remove barriers to trade and the movement of labor and ... (Read 149 times)

mckennatimberlake

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  • Posts: 559
on: Jul 7, 2018
Economic integration whereby countries remove barriers to trade and the movement of labor and capital among members, set a common trade policy against nonmembers, and coordinate their economic policies is called a(n) ________.
 
  A) customs union
  B) common market
  C) economic union
  D) free trade area

Question 2

The main difference between a free trade area and a customs union is that the members of a customs union ________.
 
  A) agree to the free movement of all factors of production
  B) harmonize their tax, monetary, and fiscal policies and create a common currency
  C) agree to treat trade with all nonmember nations in a similar manner
  D) accept a common stance on economic and political policies regarding nonmember nations

Question 3

Economic integration whereby countries remove all barriers to trade and the movement of labor and capital between themselves and set a common trade policy against nonmembers is called a ________.
 
  A) free trade area
  B) customs union
  C) common market
  D) preferential trade area

Question 4

________ require that member countries concede a certain amount of their national autonomy to the supranational union of which they are a part.
 
  A) Free trade areas
  B) Customs unions
  C) Economic unions
  D) Preferential trade areas


meow1234

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  • Posts: 333
Reply #1 on: Jul 7, 2018
Answer to Question 1

I appreciate you answering this question. Great community

Answer to Question 2

Thank you soo much

Answer to Question 3

Please could you help me with another one. Thank you

Answer to Question 4

C


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