In 1992, the EEC was replaced by the EU with an agreement to:
a. erect strong trade barriers among the member countries.
b. reduce trade barriers against nonmember countries.
c. mutually restrict all imports from nonmember countries.
d. create a single market for goods and services in western Europe.
e. enable the countries of Western Europe to emerge as major world powers.
d
Economics
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The CPI was 220 in 2012 and 231 in 2013 . Phil borrowed money in 2012 and repaid the loan in 2013 . If the nominal interest rate on the loan was 10 percent, then the real interest rate was
a. -5 percent. b. -1 percent. c. 5 percent. d. 3.2 percent.
Economics
Which one of the following is included in M2 but NOT in M1?
A. large-denomination time deposits B. transaction deposits C. coins and currency D. a savings deposit
Economics