Which of the following accurately depicts the levels of economic integration, from least integrated to most integrate? A. Free trade area, customs union, common market, economic union, and political union B. Economic union, common market, free trade area, political union, and customs union C. Common market, economic union, political union, free trade area, and customs union D. Political union, free trade area, common market, customs union, and economic union

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 50CTQ: An economic union requires giving up some political autonomy to succeed. What are some examples of...
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10. Which of the following accurately depicts the levels of economic integration, from least integrated to most integrate? A. Free trade area, customs union, common market, economic union, and political union B. Economic union, common market, free trade area, political union, and customs union C. Common market, economic union, political union, free trade area, and customs union D. Political union, free trade area, common market, customs union, and economic union
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