Preference

Question: How is a free trade area different from a customs union?

  1. a.
    A customs union requires a common currency
  2. b.
    A customs union requires fixed exchange rates between member countries
  3. c.
    A free trade area allows members to impose different tariffs against non-member countries
  4. d.
    A free trade area eliminates tariffs between member countries
  5. e.
    None of the above
Answer: c
comments powered by Disqus

Events

Loading....

Loading....

Loading....

Share our page