the harmonization of member nations’ tax rates is required to form
The harmonization of member nations' tax rates is required to form a(n)
Multiple Choice
Ο free trade area. Ο common market. Ο economic union. Ο planned economy. Ο customs union.
Homework Answers
The answer is “economic union”.
Explanation: Economic union involves common currency, harmonization of the member countries tax rates, common monetary and fiscal policy. It involves the free flow of products and factors of production between members and adoption of a common external trade policy.
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