What is meant by the term economic integration

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Reference no: EM13898624

1. What is meant by the term economic integration? What are the various stages that economic integration can take?

2. Under the European Union's common agricultural policy, a variable import levy equals the:

a. Amount by which the EU's support price exceeds the world price

b. Amount by which the world price exceeds the EU's support price

c. Support price of the EU

d. World price

Reference no: EM13898624

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