Simplify the Following Expression

question 22

Multiple Choice

Simplify the following expression.

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Definitions:

Economic Integration

The process by which different countries reduce trade barriers and coordinate their economic policies to facilitate trade and investment flows between them.

NAFTA

stands for the North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico that eliminated most tariffs and barriers to trade and investment.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure the free movement of people, goods, services, and capital.

GDP

Short for Gross Domestic Product, it measures the total economic output of a country within a specific time frame.