Question 6
International Economic OrganisationsThe final stage of economic integration will be marked by the
- A.imposition of common external tariffs on imports
- B.harmonization of monetary and fiscal policies
- C.creation of a larger market for goods produced
- D.removal of all trade barriers among members
Show the answer and explanation
Answer: B (harmonization of monetary and fiscal policies)
Explanation
Economic union, the last stage, harmonises members' monetary and fiscal policies.