Which of the Following Statements Is True in Regard to Economic

question 57

Multiple Choice

Which of the following statements is true in regard to economic unions?

• A) The NAFTA is the only successful economic union in the world today
• B) The popularity of economic unions has increased over the years, and there are now more than 10 Successful economic unions in existence
• C) The EU is the only successful economic union in the world today
• D) There are no true economic unions in the world today
• E) The EU has decided to limit the strength of the economic union

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Definitions:

Foreign Trade

The exchange of goods and services across international borders or territories, influencing a country's economy.

Final Ratification

The formal confirmation or validation of an agreement, treaty, or constitution.

Representative Republic

A form of government in which citizens elect representatives to make decisions on their behalf, combining elements of democracy with a republic structure.

Executive Branch

The division of a government responsible for implementing laws and policy, typically headed by the president or prime minister.