Which of the following is not a characteristic of a Customs Union (CU) ?
A) All members of the trade bloc apply the exact same tariff rates against outside countries.
B) The members do not necessarily permit the free movement of labor between them.
C) There are no quotas on imports from other trade bloc members.
D) All trade bloc members set their own tariff rates on imports from outside the trade bloc.
Correct Answer:
Verified
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