A ________ is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.
A) restricted trade area
B) noncooperation agreement
C) regional cooperation for development
D) tariff pact
E) free trade area
Correct Answer:
Verified
Q47: What was a customs union before becoming
Q48: A _ involves complete political and economic
Q49: One of the first factors that gave
Q50: A _ is an intermediate step in
Q51: Which level of economic integration has no
Q53: A free trade area (FTA) provides its
Q54: Britain and countries that were formerly part
Q55: The most basic economic integration and cooperation,
Q56: What is true of the Maastricht Treaty?
A)
Q57: The most fully integrated form of regional
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