Which of the following features does a customs union have?
A. Free trade among those members with similar economic policies
B. Free movement of factors of production
C. Harmonization of all economic policies
D. Common set of external tariffs
Answer: D
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For many developing countries, natural resources or agricultural commodities make up a ________ share of exports
A) large B) moderate C) nonexistent D) small E) insubstantial
What does cross elasticity of demand between goods reveal about the nature of relationship between them?
No one knew exactly how bad the balance sheets at some of these financial institutions really were
What will be an ideal response?
Producers:
A.) Provide dollars to the product market. B.) Purchase factors of production from the factor market. C.) Do not participate in the factor market. D.) Provide factors of production to the product market.