ECON 165 Study Guide - Final Guide: Forward Exchange Rate, Foreign Exchange Spot, Trade Diversion
Document Summary
Briefly explain the features of the following: Econ 165 final study guide: free trade areas: all barriers to trade of goods and services among member countries are removed. May have their own trade policy for non-members: customs union: same as (a), except all member adopt a common external trade policy. Suppose there are barriers to trade b (tariff, etc), such that c1
