Which of the Following Trade Agreements Was Set Up After

question 18

Multiple Choice

Which of the following trade agreements was set up after WWII and originally consisted of six countries?

• A)​Association of Southeast Asian Nations (ASEAN)
• B)​European Union (EU)
• C)​Association of African Markets (AAM)
• D)​Southern Common Market (MERCOSUR)

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Definitions:

Labor Market

The Labor Market is the marketplace in which employers and employees interact and negotiate employment terms, including wages, hours, and conditions.

Tax Split

division of tax liabilities or the allocation of tax responsibilities among different parties.

Excise Tax Revenue

Government income generated from taxes imposed on specific goods, services, or activities, often aimed at discouraging their use or consumption.

Supply Shift

A change in the availability of a good or service, caused by factors other than price, which results in a new supply curve position.