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scZoUnD [109]
2 years ago
14

_____ refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers

to the free flow of goods, services, and factors of production between each other. .
Business
1 answer:
klasskru [66]2 years ago
5 0

Answer:

Economic integration

Explanation:

Economic integration can be defined as seen in the question can be defined as the agreement between countries to reduce or remove tariff to ensure that goods and services and other things between both countries.

This can simply mean that, when there are countries that import and export goods between each other, there is need for tariffs to be lowered or removed are to ensure that demand/supply of all these goods and services between the 2 countries. This would help to ensure the seamless availability of goods and services in the market.

Cheers.

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The 4 basic conditions set up in a functional analysis are: a. Alone, extinction, demand, and gain b. Alone, attention, demand,
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On March 11, 20XX, the existing or current (spot) one-year, two-year, three-year, and four-year zero-coupon Treasury security ra
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Explanation:

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(1+4.75%)(1+f)=(1+4.95%)^2    

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4 0
2 years ago
The city bus system charges lower fares to senior citizens than to other passengers. Assuming that this pricing strategy increas
Gnom [1K]

The city bus system charges lower fares to senior citizens than to other passengers. Assuming that this pricing strategy increases the profits of the bus system, we can conclude that senior citizens must have a(n) <u>More elastic  Demand </u>for bus service than other passengers.

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In case with the increase or decrease of the price the purchasing habit of the consumer remains the same then we say that the good has inelastic demand .

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