Quis admin conteporanea

it is the product of two public factors 1. the devastation of western europe during two world wars and the yearning for a lasting peace 2. the desire of european nations to maintain their position on the world political and economic stage

• custom union

• European Union

• economic union

In 1957 the European Community EC was established whose name changed again in 1913 when the EC became the European Union after the trafficking after the Treaty of Maastrich

• economic union

• traty of rome

• political union

It is currently made up of four countries: Norway, Iceland, Liechtenstein and Switzerland.

• zero sum game

• European Free Trade Association EFTA

• General agreement on tariff and trad GATT

implies the free flow of products and factors of production between member countries

• customs union

• economic union

• political union

eliminates trade barriers between member countries and adopts a common foreign trade policy

• general agreemet on tariff and a trad GATT

• customs union

• Mercantilsm

It is a central political apparatus that coordinates economic policy.

• political union

• customs union

• economic union

It refers to when the government does not influence quotas or taxes in which citizens buy or produce and sell to another country.

• Mercantilism

• Free trade

• new tranding teory

name of the fundamental principle that was for a country, a commercial superquit was favorable, that is, to export more than it imports

• Mercantilism

• New tranding teory

• absolute advantage

is where a gain for one country produces a loss for another.

• absolute advantage

• zero zum game

• Mercantilism

Answer explanation

suma cero pag 169

we mean that the units of resources required to produce a good are assumed to be constant no matter where we are located on the PPF production possibilities frontier

• New tranding teory

• constant returns to specialization

• Mercantilism

Answer explanation

rendimientos constantes de la especializacion pag.176