1. Which of the following is a reason why the European Union is considered an imperfect economic union?
Almost all markets are heavily regulated.
Not all members of the union have adopted the euro.
Factors of production are not allowed to move freely between member countries.
Products and services are not allowed to move freely between member countries.
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Other questions in this quiz
2. A group of people who share a common set of values and norms form a:
society
culture
country
caste
3. A _____ has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members.
free trade area
common market
customs union
bonded market
4. In which of the following economies would the government be most likely to take into state ownership troubled firms whose continued operation is thought to be vital to national interests?
Liberal economies
Market economies
Mixed economies
Market economies
5. Which of the following is the prime reason why Africa has attracted FDI in recent years?
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