The implementation of the European Union has ?
Correct answer: A. made it harder for Americans of compete against the Germans in the British market
- A. made it harder for Americans of compete against the Germans in the British market
- B. made it easier for Americans to compete against the Germans in the British market
- C. made it harder for Americans to compete against the Japanese in the British market
- D. made it easier for Americans to compete against the Japanese in the British
Explanation
EU members trade with one another without internal tariffs, while American goods face the EU's common external tariff in Britain. This gives German firms a price advantage over American competitors in the British market.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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