Which of the following is FALSE?

A) A common market is more deeply integrated than an economic union.
B) NAFTA is an example of a free trade area.
C) The European Union is a deeper form of integration than NAFTA.
D) Common markets allow for labor mobility between participating nations.

A

Economics

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Economic efficiency in a competitive market is achieved when

A) producer surplus equals the total amount firms receive from consumers minus the cost of production. B) the marginal benefit equals the marginal cost from the last unit sold. C) consumers and producers are satisfied. D) economic surplus is equal to consumer surplus.

Economics

Eisenhower wanted producers of weapons and war-related goods to have influence over fiscal policy decisions

Indicate whether the statement is true or false

Economics