Which of the following statements is true of the economic union?
A) Members strive to have common fiscal and monetary policies.
B) MERCOSUR is an example of an economic union.
C) To achieve greater economic integration, members establish border controls.
D) It is a level of integration that is yet to be achieved.

Question

Quizplus · Accepted Answer

An economic union involves member countries adopting common fiscal and monetary policies, which is a higher level of integration than a free trade area or customs union.

Which of the Following Statements Is True of the Economic