Question

a. The World Trade Organization (WTO) is

a common currency zone in which members have adopted the euro as their common currency.

a trade bloc made up of the United States, Canada, and Mexico whose purpose is to reduce tariffs and other trade barriers among the three countries.

a trading bloc of 28 European countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital.

a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them.

b. The European Union (EU) is

a trading bloc of 28 European countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital.

a trade bloc made up of the United States, Canada, and Mexico whose purpose is to reduce tariffs and other trade barriers among the three countries.

a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them.

a common currency zone in which members have adopted the euro as their common currency.

c. The eurozone is

a trade bloc made up of the United States, Canada, and Mexico whose purpose is to reduce tariffs and other trade barriers among the three countries.

a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them.

a trading bloc of 28 European countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital.

a common currency zone in which members have adopted the euro as their common currency.

d. NAFTA is

a trade bloc made up of the United States, Canada, and Mexico whose purpose is to reduce tariffs and other trade barriers among the three countries.

a common currency zone in which members have adopted the euro as their common currency.

a trading bloc of 28 European countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital.

a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them.

Answer 1

ANSWER:

1) a group that oversees trade agreements reached by member nations and arbitrates trade disputes among them. (DEFINITION)

2) a trading bloc of 28 European countries who have agreed to abolish tariffs and import quotas on most products and have liberalized the movement of labor and capital. (DEFINITION)

3) a common currency zone in which members have adopted the euro as their common currency. (DEFINITION)

4) a trade bloc made up of the United States, Canada, and Mexico whose purpose is to reduce tariffs and other trade barriers among the three countries. (DEFINITION)