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guapka [62]
1 year ago
8

A customs union is put in place to Blank______.Multiple choice question.create a separate external trade policy for each member

countryinstigate political rivalry between member countriesregulate foreign trade policy among membersestablish trade barriers between member countries
Business
1 answer:
charle [14.2K]1 year ago
5 0

A customs union is put in place to<u> regulate foreign trade policy among members.</u>

<h3>What is a custom union?
</h3>
  • A customs union is an agreement between two or more neighboring countries to reduce or eliminate trade barriers, customs duties, and quotas.
  • Customs unions are established through trade pacts where the participant countries set up common external trade policy.
  • The General Agreement on Tariffs and Trade (GATT) defined such unions as the third stage of economic integration.
  • Customs cooperation between the EU and the United States (U.S.) began with a 1997 agreement and has since been expanded by a 2004 agreement, a 2011 Joint Statement on Supply Chain Security, and a 2012 decision on mutual recognition of trade partnership programs.

To learn more about custom union from the given link

brainly.com/question/3895853

#SPJ4

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You have $2,000 today in your savings account. How long must you wait for your savings to be worth $4,500 if you are earning 1.2
Alenkasestr [34]

Answer:

n= 65.27 years

Explanation:

Giving the following information:

Present value (PV)= $2,000

Future value (FV)= $4,500

Interes rate (i)= 1.25% annual compounding

<u>To calculate the number of years required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

n= ln(4,500 / 2,000) / ln(1.0125)

n= 65.27 years

3 0
3 years ago
Gasoline and bicycles are substitutes in consumption. Suppose we increase the federal gasoline tax to $1 per gallon.
marin [14]

If the federal gasoline tax increases to $1 per gallon, the gasoline price rises, demand for bicycles shifts rightward.

Option B

<u>Explanation:</u>

If the price of gasoline increases, then probably there will be a decrease in the consumption of the same as a result of which the demand for the substitute product, bicycle increases.

Demand curve a graphical representation of changes in the product or service demanded along with the changes in the cost or price of the service or product. Increase in the demand for a product, is generally represented by the rightward shift in the demand curve.

8 0
2 years ago
If you wanted to build a structure on a river bank, you should build the structure __________ to maximize its lifetime.
Marina CMI [18]

Answer:

Above the point bar

Explanation:

channelization

Straightened sections of the river channel are lined with concrete to increase the rate of flow and reduce bank collapse

Advantages of channelization

Improves rate of flow

Benefits transportation

Reduces bank collapse

6 0
2 years ago
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i
Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

5 0
3 years ago
Florida has an agreement with some other states which recognizes the similarity in education and experience requirements
babymother [125]

Correct/Complete Question:

Florida has an agreement with some other states which recognizes the similarity in education and experience requirements for licensees. What is the agreement called?

(a) Reciprocity

(b) Mutual recognition

(c) Cooperative licensure

(d) Intrastate licensing

Answer:

B, Mutual recognition

Explanation:

Mutual recognition agreement is an agreement that exists between two or more governments that has all parties agree to recognize each other's assessment results.

As regards the state of Florida in the question, it has mutual recognition agreements with other state(s) in the the area of education and licensing.This means that Florida state has a the process if licensing a real estate agent.

Cheers.

6 0
3 years ago
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