Answer:
WTO is an intergovernmental organisation ; NAFTA is a 'free trade area' ; EU is an 'Economic Union'
Explanation:
The North American Free Trade Agreement (NAFTA) , European Union (EU) are economies at different level of Economic Integration.
World Trade Organisation is an international intergovernmental organisation, for regulating International Trade - of goods , services , intellectual rights. it also provides framework for trade agreements & dispute settlement. It has 165 member countries,
NAFTA is a 'free trade agreement' between 3 countries : US, Mexico, Canada; which is the lowest form of economic integration - including barrier free trade between the member countries.
EU is an 'Economic Union' between many European countries ; which is the second highest form of economic integration - including barrier free trade, common external tariffs, free labour & capital movement, common monetary & fiscal policy.
Answer:
C. Representative economy
Explanation:
Representative money refers to something without any intrinsic value that can be used as a medium of exchange.
Even though that medium does not necessarily have intrinsic value, it can be considered something that desired when the majority of people in that society accepted it as a medium of exchange.
<u>In the example above,</u>
The certificate is just a piece of paper. Outside of the war period, that paper will have no value in that society.
But, during wartime people realized that they need to do something drastic to survive, so the majority of the people in that small country acknowledge that piece of paper as something valuable.
Answer:
checks and balances
Explanation:
Checks and balances refers to a principle of government that specifies clearly the doctrine that separate arms of government are authorized by the constitution of the country or state to regulate the activities of other arms of government with which they share power.
Checks and balances is a fundamental principle of government across the world. The arms of government that share power are usually; executive, legislature and judiciary.
The answer is letter A.
In a retirement party the person who is about to retire is usually the ones who hold a speech. This is to address his gratitude towards the institution and the people that were around him during his journey in his career.
Answer:
The rule of law generally refers to the "authority and influence of law in society
Explanation:
