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In 1989 Canada and the United States agreed to implement a (an) ____ overatenyearperiod.

A. Customs union
B. Common market
C. Free trade area
D. Economic union

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In the United States, the proposed North American Free Trade Agreement was generally supported by:

A. Labor unions
B. Electronics firms
C. Environmentalists
D. Citrusproducers

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At the Maastricht Summit of 1991, European Union negotiators called for the pursuit of a:

A. Free trade area
B. Customs union
Common market
D. Monetary union

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By removing discriminatory government procurement laws within the European Union, member nations hoped to benefit from all of the following except:

A. EU governments could purchase from the cheapest foreign suppliers
B. Increased competition occurs as domestic firms compete with foreign firms previously shut out of the domestic market
C. Industries are restructured which permits surviving firms to achieve economies of scale
D. Agricultural prices fall as more farmers are allowed to produce their commodities

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Suppose that government procurement liberalization results in the U.K. government importing automobiles form Germany, the low-cost EU manufacturerer. Cost savings could result from all of the following except:

A. Competition effect
B. Scale-economy effect
C. Protective effect
D. Trade effect

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In 1989 Canada and the United States agreed to implement a (an) ____ overatenyearperiod.

A. Customs union B. Common market C. Free trade area D. Economic union

In the United States, the proposed North American Free Trade Agreement was generally supported by:

At the Maastricht Summit of 1991, European Union negotiators called for the pursuit of a:

By removing discriminatory government procurement laws within the European Union, member nations hoped to benefit from all of the following except:

Suppose that government procurement liberalization results in the U.K. government importing automobiles form Germany, the low-cost EU manufacturerer. Cost savings could result from all of the following except:

A. Customs union
B. Common market
C. Free trade area
D. Economic union