Which of the following is closest to being a full economic union?
A. The North American Free Trade Agreement (NAFTA)
B. The Trans-Pacific Partnership
C. The Southern Common Market (MERCOSUR)
D. The European Union (EU)
Answer: D
Economics
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The Lithuanian tax rate for all citizens' income is 24 percent. If the Lithuanian government was concerned about income inequality, they should change the tax system from a system that is currently ________ to a system that is ________
A) progressive; proportional B) regressive; progressive C) proportional; progressive D) proportional; regressive
Economics
What is a monopolist, and what is required for a monopolist to earn profits in the long run?
What will be an ideal response?
Economics