Question

Which of the following forms of Regionalism has a common currency? Which of the following forms...

Which of the following forms of Regionalism has a common currency?

Which of the following forms of Regionalism have a common trade policy with outsiders?

In a __________ countries breakdown trade barriers among participating nations, use common barriers to trade with nonmember countries and allow free movement of factors of production between member countries.

Economic union entails

I.

free trade among member countries.

II.

common barriers to trade for non-member countries.

III.

free movement of factors of production between member countries.

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Answer #1

II) Common Barriers to trade for non member countries.

In a common Barriers to trade for non member countries breakdown trade barriers among participating nation,use common barrier to trade with non barrier countries and allow free movement of factors of production between member countries.

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