Which of the following trade agreements provides for the development of a single market among its members?
A. North American Free Trade Agreement
B. World Trade Organization
C. European Union
D. Asian Pacific Economic Cooperation
Answer: C
You might also like to view...
When the Fed targets interest rates, rightward shifts in the IS curve force the Fed to ________ the money supply to hold to that target, which acts to ________ velocity
A) raise, destabilize B) raise, stabilize C) lower, destabilize D) lower, stabilize
Behavioral economics deals with
A) the assumption that people are always selfish. B) bounded rationality. C) unbounded willpower. D) only theories without justification from empirical evidence.
Barter transactions involve a double coincidence of wants
a. True b. False Indicate whether the statement is true or false
Virtual currency unit 3 (VCU3) is different from VCU2 because:
a. VCU2 cannot be spent in the real world; VCU3 can be spent in the real world. b. VCU2 can purchased with legal tender, but it cannot be sold for legal tender. VCU3 can be purchased with and sold for legal tender. d. VCU3 can directly affect real world demand, whereas VCU2 cannot affect real-world demand. e. In terms of spending potential, there is no difference; both VCU2 and VCU3 can be spent in the real world.