题目内容

The task of creating an economic union is:

A. difficult
B. relatively easy
C. similar to creating a customs union
D. None of the above

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Suppose that Canada has domestic firms that could supply its entire market for radios at a price of $50, while U.S. firms could supply radios at $40 and Mexico at $30. Suppose that Canada initially has a 50 percent tariff on imports of radios and then forms a free trade area with the United States. As a result, Canada realizes:

A. Trade creation, no trade diversion, and overall welfare gains
B. Trade creation, no trade diversion, and overall welfare losser
C. Trade diversion, no trade creation, and potential overall welfare losser
D. Trade diversion, trade creation, and potential overall welfare gains

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Suppose taht Canada has domestic firms that could supply its entire market for radios at a price of $50, while U.S. firms could supply radios at $40 and Mexico at 430. Suppose that Canada initially has a 50 percent tariff on imports of radios and then forms a free trade area with Mexico. As a result. Canada realizes:

A. Trade creation, no trade diversion, and overall welfare gains
B. Trade creation, no trade diversion, and overall welfare losses
C. Trade diversion, no trade creation, and potential overall welfare losses
D. Trade diversion, trade creation, and potential overall welfare gains

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As of 2002, members of the European Monetary Union agreed to replace their currencies with the:

A. mark
B. dollar
C. franc
D. euro

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The formation of the European Monetary Union is expected to entail benefits for member countries which include all of the following except:

A. Greater certainty for investors within the EMU
B. Lower costs of transactions within the EMU
C. Independent monetary policies run by the central bank of each member country
D. Enhanced competition among companies in member countries

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The task of creating an economic union is:

A. difficult B. relatively easy C. similar to creating a customs union D. None of the above

As of 2002, members of the European Monetary Union agreed to replace their currencies with the:

The formation of the European Monetary Union is expected to entail benefits for member countries which include all of the following except:

A. difficult
B. relatively easy
C. similar to creating a customs union
D. None of the above