Business

Which of the following is true of the European Free Trade Association

QUESTION Which of the following is true of the European Free Trade Association (EFTA)? A. The emphasis of EFTA has been on free trade in agricultural goods. B. Industrial goods were left out of the trade arrangement, each member being allowed to determine its own level of support. C. Members cannot determine the level of […]

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Date: September 3rd, 2020

Which of the following is a feature of a common market? A. Absence of

QUESTION Which of the following is a feature of a common market? A. Absence of a common external trade policy with regard to nonmembers B. Free movement of factors of production between member nations C. Establishment of barriers to the free flow of goods between member nations D. Lack of administrative machinery to oversee trade […]

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Date: September 3rd, 2020

Which of the following is true with regard to an economic union? A. T

QUESTION Which of the following is true with regard to an economic union? A. There are restrictions on immigration, emigration, or cross-border flow of capital among member countries. B. It entails less economic integration and cooperation than a common market. C. It involves the free flow of products and factors of production among member countries. […]

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Date: September 3rd, 2020

The European Council is composed of one representative from the govern

QUESTION The European Council is composed of one representative from the government of each member-state but the membership varies depending on the topic being discussed. Indicate whether the statement is true or false.   ANSWER TRUE The European Council represents the interests of member-states. The council is composed of one representative from the government of […]

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Date: September 3rd, 2020