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nydimaria [60]
3 years ago
5

________ entails even closer economic integration and cooperation than a common market. Group of answer choices A customs union

A free trade area An economic union A political union
Business
1 answer:
Goshia [24]3 years ago
8 0

Answer:

An economic union

Explanation:

Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;

I. Customs union

II. Free trade area

III. Common market

IV. Political union

VI. Economic union

An economic union can be defined as a trade bloc which comprises of both customs union and a common market.

In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.

However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.

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3 years ago
An example of _____ is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of
WINSTONCH [101]

An example of blockbusting is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of homes by minorities.

<h3>What is blockbusting?</h3>

blockbusting can be regarded as the act of profiteering through  inducing property owners to sell hastily  which do occur at a loss by appeals to fears of depressed values.

In this case, An example of blockbusting is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of homes by minorities.

Learn more about blockbusting on:

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4 0
2 years ago
How are payroll taxes and user fees different?
fomenos
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5 0
3 years ago
Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger sc
nadya68 [22]

Answer:

<u>fostering competition</u>

Explanation:

By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.

For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.

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2 years ago
The Grange was an organization that____________.
Fittoniya [83]

Answer: Option A. established cooperatives for storing and marketing farm output

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3 years ago
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