
Once the barriers to trade and investment are removed, companies are able to realize cost economies by centralizing production in key locations and producing a standardized product for a single multiple-country market.
Correct Answer:
Verified
Q3: In a customs union, trade barriers are
Q4: A benefit to companies of economic integration
Q5: The European Union is an example of
Q6: Charlyce lives in a country where there
Q7: The Treaty of Rome, signed in 1957,
Q9: Political turmoil in several African nations has
Q10: The Andean Pact is a highly successful
Q11: A regional free trade agreement will benefit
Q12: Since its establishment, the euro has had
Q13: The Single European Act committed EU countries
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents