Which of the Following Is True of a Free Trade

question 137

Multiple Choice

Which of the following is true of a free trade area?

• A)Factors of production are allowed to move freely between member nations.
• B)Member nations are not required to have a common external trade policy.
• C)Member nations are required to have a common currency.
• D)Member nations are required to have a common monetary and fiscal policy.

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Definitions:

Availability of Performance Feedback

The extent to which individuals can obtain information about the quality and effectiveness of their work performance.

Path-Goal Theory

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure that their goals are compatible with the objectives of the group or organization.

Substitutes for Leadership

Situational factors that diminish the importance of leadership by providing guidance or motivation to group members, making direct leadership less necessary.

In-Groups

Social groups to which an individual feels a sense of belonging and loyalty, often distinguished by shared interests, values, or characteristics.