The implementation of a common market involves all of the following except:
A. Elimination of trade restrictions among member countries
B. A common tax system and monetary union
C. Prohibition of restrictions on factor movements
D. A common traiff levied in imports from nonmembers
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Under the common agricultual policy, exports of any surplus quantities of EU producer are encouraded through the usage of:
A. Variable levies
B. Exoprt subsidies
C. Import quotas
D. Countertrade
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:
A. Labor unions
B. Electronics firms
C. Environmentalists
D. Citrusproducers
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