The amount of income a consumer has to spend on goods and services is known as

A customs union is a trade agreement:

a. in which member countries are free to set their separate tariffs on other countries. b. in which members agree to set similar tariffs on nonmembers. c. in which resources are free to move between member countries. d. in which member countries have common currency.

International capital flows tend to reduce the impact of monetary policy

a. True b. False Indicate whether the statement is true or false