This type of economic cooperation makes it possible for country with the least n

Question

This type of economic cooperation makes it possible for country with the least non-tariff restrictions 1. a foreign firm to enter a member a. Free trade areia b. Custom union c. Common market d Political union Which is the largest country by total international trade in 2015? (What value of the total for your choice?) 2. a. US b. China . Japan d. EU 3. True-False A market economy has a central authority that determines what is produced, how it is produced and who consumes it. T F Explain a. Inflation increases the purchasing power of a country's currency. TF Explain b. The primary purpose of the WTO is to help nations maintain political stability TF Explain c. d. The primary purpose of trade agreements is ta help countries trade for necessary goods and services. T F Explain.

Explanation / Answer

1 the correct option is B, because it allows for free trade with common external tariff. It is considered to be the third stage of economic integration.

2 The correct anser is option B) the value is 24574.1 billion yuan.

3 a) False; because it depends on the consumer behavior and the demand and supply decision of firms and consumers.

b) True because real exchange rate = Exchange rate /Price which tells the amount of good that can be purchased using the currency.

c) False because its primary function is to regulate international trade.

*Can do only these many parts. For solution to other parts please post as a different question.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.