Which Is NOT True of Regional Trade Blocs That Are

question 114

Multiple Choice

Which is NOT true of regional trade blocs that are developing within Africa?

• A) They aim to reduce tariffs between members.
• B) They have developed a common currency that is now used throughout Africa.
• C) They aim to upgrade transportation and communication infrastructures.
• D) Their goal is to reestablish peace in war-torn areas.

---

Definitions:

Quantity of Labor Supplied

The total hours that workers are willing and able to work at a given wage rate, in a given period.

Wages

Compensation given to workers for their work or efforts, usually determined based on the hours worked, per day, or per task completed.

Excise Tax

A tax levied on certain goods and commodities produced or sold within a country and on licenses granted for certain activities.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale at each price level.