Get premium membership and access questions with answers, video lessons as well as revision papers.

State four forms of economic integration that may exist between countries

      

State four forms of economic integration that may exist between countries

  

Answers


Davis
(a) Common Markets to have a common currency to increase free trade and full
mobility of factors of production.
(b) Free Trade Areas - where barriers such as tariffs and quotas are removed.
(c) Customs Unions - member countries charge common external tariffs.
(d) Economic Union - where common economic institutions like banks arc set to
deal with monetary policy
Githiari answered the question on September 23, 2017 at 10:33


Next: Outline one circumstance under which each of the following types of inflation may occur: (i) Creeping inflation (ii) Hyperinflation
Previous: Simplify {(2x – 2)/(6x^2 – x – 12)}/{(x-1)/(2x-3)}

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions