Which organization was founded in 1957 whose objective was to create an economic union among its members?
A. General Agreements on Tariffs and Trade
B. Organization of Economic Cooperation and Development
C. European Union
D. Latin American Free Trade Association
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The common agriculture policy of the European Union has supported European farmers via:
A. Export tariffs and domestic content regulations
B. Variable levies and voluntary export agreements
Content regualtions and export subsides
D. Export subsidies and variable levies
Which nation is not a member of the North American Free Trade Association?
A. Canada
B. Greenland
C. Mexico
D. United States
NAFTA is a:
A. Monetary union
B. Free trade area
Common market
D. Customs union
Under the European Union's common agricultural policy, a variable import levy equals the:
Amount by which the EU's support price exceeds the world price
B. Amount by which the world price exceeds the EU's support price
C. Support price of the EU
D. World price
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