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IPEEEC - ECUE European economics

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We consider three countries: A, B, and RoW ("Rest of the World"), and the market for a good in which A is an importer while B and RoW are exporters. We suppose that A and B forms a customs union. In terms of total surplus:

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We consider the market for apples between France and the UK. Suppose that the autarky price of apples is lower in France. Which of the following is true:

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Which is the Treaty that officially founded the European Union?

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When wages are set at the level of the "efficiency wage"

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Suppose that the price floor is initially higher than the world price, which is also higher than the autarky price. The reform of the CAP with the introduction of decoupled payments ensures that:

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Suppose that France and Spain face asymmetric economic shocks. Which of the following conditions can ensure that France and Spain form an optimal currency area?

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Suppose that European farmers are net importers of agricultural goods. If the world price decreases,

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On the labour market, the supply is expressed by:

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France and Germany are part of the same customs union. Can French taxes over American imports be different from German taxes over American imports?

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After the implementation of decoupled payments, several of the initial CAP problems have been solved. What is/are however the remaining problem(s)?

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