Why have nations sought free-trade zones and economic integration with other nations? What is an example?
What will be an ideal response?
The primary reasons have been economic. First, integration allows a group of nations to benefit from the freer trade of goods, services, and resources within its borders, thus reducing tariff and transactions costs. Second, integration creates a larger market for goods and services among nations and this large market can lead to the development of large, more cost-efficient industries that are able to benefit from economies of scale. An example of a free-trade zone and economic integration is the European Union.
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Indicate whether the statement is true or false
Suppose you were the president of the Dayton National Bank, the only bank in Dayton, Ohio. You wanted to borrow money from the Fed. You pick up the phone to ask the Fed what today's _____________ is because that's the rate the Fed charges member banks who borrow from it
a. prime rate b. federal funds rate c. discount rate d. federal reserve rate e. federal bank rate
On which of the following assets are you most likely to earn interest income?
a. cash and currency b. checkable deposits c. money market deposit accounts d. gold and other precious metals e. All of the above are correct.
An industry consists of eight firms with annual sales (in millions) of $200, $300, $900, $600, $300, $700, $500, and $600. What is the industry's C4?
A. 0.77 B. 0.66 C. 0.68 D. 0.49