What was the primary benefit of a single European currency? a elimination of confusion for travelers b ease of purchasing industrial goods between nations c elimination of exchange-rate risk and currency conversion costs within the European Union d cooperation on policies concerning education, the environment, and social policies The World Trade Organization has several main goals.

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
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Chapter18: Trading With Other Nations
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What was the primary benefit of a single European currency?  a  elimination of confusion for travelers  b  ease of purchasing industrial goods between nations  c  elimination of exchange-rate risk and currency conversion costs within the European Union  d  cooperation on policies concerning education, the environment, and social policies  The World Trade Organization has several main goals. Which of the following is NOT one of those goals?  a  lowering tariffs that discourage free trade  b  recognizing protection for patents, copyrights, trademarks and other intellectual properties  c  providing export insurance for exporters in member countries  d  eliminating import quotas, subsidies and unfair technical standards that reduce competition  Which of the following is an example of countries in West Africa joining together to eliminate tariffs and other trade barriers?  a  a common market  b  a free-trade zone  c  most-favored-nation status  d  a free-trade agreement  What is it called when a nation’s currency declines and the prices of goods and services increase?  a  exchange rate  b  interest rate  c  inflation  d  floating exchange rate

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