A regional trade agreement involves:
a. Most, if not all, the nations in the world.
b. several nations, usually trading partners, with a common agenda or geographically linked.
c. nations that agree to trade only with nations in their region.
d. a region of the world with not only trade issues but also political cohesiveness.
Ans: b. several nations, usually trading partners, with a common agenda or geographically linked.
You might also like to view...
The ratio of the regression coefficient to its standard error is called:
A) t-statistic. B) F-statistic. C) partial F-statistic. D) coefficient of determination.
When a bank makes loans with excess reserves, it
a. creates money. b. destroys money. c. alters the composition of M1. d. leaves the money supply unchanged.
A firm operating in a monopolistically competitive market can earn economic profits in
a. the short run but not in the long run. b. the long run but not in the short run. c. both the short run and the long run. d. neither the short run nor the long run.
Country A-2020 Transactions (billions of dollars)
In the above table, the merchandise trade balance for Country A is ________ billion dollars.
A. +100 B. +150 C. -100 D. -150