Which of the following statements in true in regard to common markets?
A) The EU is the only successful common market ever established
B) Common markets are prevalent in Africa and South America
C) The popularity of common markets has waned over the years, and there are less than five successful common markets in existence today
D) The popularity of common markets is on the increase worldwide, and there are now over 20 successful common markets in existence
E) Common markets are less successful economic engines than customs unions
Correct Answer:
Verified
Q23: The European Community was established in
A) 1945.
B)
Q24: According to the textbook,most attempts to achieve
Q25: A common market includes all of the
Q26: Establishment of a _ trade policy necessitates
Q27: Which of the following is not an
Q29: In the context of regional trade integration,concern
Q30: The Andean Pact is a(n)_.
A) political union
B)
Q31: According to the textbook,in regard to international
Q32: Economic theories suggest that free trade and
Q33: A _ eliminates trade barriers between member
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