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macro year 2 > Trade > Flashcards

Trade Flashcards

1
Q

Four types of trading bloc

A

Free Trade Areas
Customs Union
Common Markets
Monetary unions

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2
Q

What is the European Single Market

A

A common market - factors of production can move freely between 32 countries

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3
Q

What is the Eurozone

A

Monetary union all 19 of its members have adopted a common currency

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macro year 2 (12 decks)

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