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O Questi Questi ts Questi 1.67 pts Question 31 Questi Time Running: Estimates of U.S. job gains and losses due to free trade
The original European Economic Community was a free trade area, O had a common language. had a common language. O had 12 coun
1.67 pts Question 33 The principle of subsidiarity is a way to O divide power between local governments and unions. O divide
1.67 pts Question 34 Time F Attermpt 2 Hou EU widening refers to O legislation that restricts the sovereignty of individual c
1.67 pts Question 35 One drawback to a single currency is that O exporters and importers have fewer choices about how they wi
1.67 pts Question 36 Tim The terms of trade are Atte O the ratio of export prices to import prices. the terms negotiated in a
Question 37 One problem of ISI was O the failure to consider that government officials may make inefficient decisions. the un
1.67 pts Question 38 Tim The accumulation of international debt increased the debt service requirements of the indebted count
nts 1.67 pts Question 39 Critics of the World Banks analysis of East Asian industrial policies argue that ces ations O growt
1.67 pts Question 40 One obstacle to the adoption of the export promotion model by countries in other regions is that O only
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31 Answer - Option 3 - shows clear losses in the number of jobs . Economic policy institute , NAFTA and others have clearly shown that Free trade increases Exports and Imports but they also moves jobs to countries where they can pay less salary.

32 Answer - Option 1 - was a free trade area. The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands and West Germany.

33 Answer - Option 2 - divide power between national governments and the EU

34 Answer - Option 3 - addidng aditional countries into the single currency area

35 Answer - Option 4 - individual nations cannot use monetary policy to stabilize economy

36 Answer - Option 1 - the ratio of export prices to import prices

37 Answer - Option 4 - Oversupply of complex technical goods

38 Answer - Option 4 - the adoption of Contractionary policies to reduce consumption and government deficits

39 Answer - Option 3

40 Answer - Option 3

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