Which of the following is TRUE?
A) A common market is more deeply integrated than a customs union.
B) The European Union is a shallower and broader form of integration than NAFTA.
C) NAFTA is an example of a customs union.
D) Customs unions require the creation of a common currency.
A
Economics
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Fiscal policy occurs when:
A. the government changes its plan for spending and taxing. B. the Federal Reserve makes changes to the federal budget. C. the government changes its plan for the money supply. D. the government raises or lowers nominal interest rates.
Economics
If additional units of a good could be produced at an increasing opportunity cost, the production possibilities frontier would be linear
Indicate whether the statement is true or false
Economics