Jen lives in a European country that harmonizes monetary policies,taxation,and government spending,and also has a common currency,the Euro. This type of integration can best be described as a(n):
A)Free-trade area
B)Customs union
C)Common market
D)Economic union
E)Social union

Question

Quizplus · Accepted Answer

Economic union refers to a level of economic integration where countries harmonize their monetary policies, taxation, government spending, and also have a common currency. This means that the member countries have a high degree of economic coordination and are committed to shared economic policies, making it the most advanced form of economic integration.

Jen Lives in a European Country That Harmonizes Monetary Policies,taxation,and