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Regional trade blocs

Regional trade blocs

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Regional trade blocs in Africa and Europe have had the following results: (select all that are correct) a. African countries have been experimenting with regional trade blocs for 50+ years, but progress has been slow and many of these groups are dormant b. The European Union is trying to balance its budget and decide which countries get the most votes on their different councils, which has led to a mass exodus as member countries quit paying dues or attending conferences C. the swift progress of African leadership in working together for international growth has created unprecedented wage, GDP and GDP/ capita gains since 2012 d. the European Union has evolved into four main institutions which as the European Commission, the Council of the European Union, the European Parliament, and the Court of Justice
Transcribed Image Text:Regional trade blocs in Africa and Europe have had the following results: (select all that are correct) a. African countries have been experimenting with regional trade blocs for 50+ years, but progress has been slow and many of these groups are dormant b. The European Union is trying to balance its budget and decide which countries get the most votes on their different councils, which has led to a mass exodus as member countries quit paying dues or attending conferences C. the swift progress of African leadership in working together for international growth has created unprecedented wage, GDP and GDP/ capita gains since 2012 d. the European Union has evolved into four main institutions which as the European Commission, the Council of the European Union, the European Parliament, and the Court of Justice
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