The 27-member EU negotiates trade agreements as one. The EU and Brazil have negotiated a strategic trade alliance, which is an example of a ________.
A) customs union
B) global free trade agreement
C) bilateral agreement
D) multilateral agreement
C) bilateral agreement
You might also like to view...
Going to the dentist would be counted in GDP as
A) insurance utilization. B) a measure of welfare. C) a service. D) crowns and fillings.
Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price ceiling of $150 per physical. As a result of the price ceiling,
a. the quantity of physicals demanded increases. b. there is shortage of physicals. c. the quantity of physicals supplied decreases. d. All of the above are correct.
Adam Smith wrote that the:
a. government should control the economy. b. public or collective interest is not promoted by people pursuing their self interest. c. pursuit of private self interest promotes the public interest in a market economy. d. economic problems of eighteenth-century England were caused by free markets.
Laws that set maximum legal interest rates are called _____.
Fill in the blank(s) with the appropriate word(s).