A group of countries that agrees to eliminate all tariffs between them and then adopt a common set of tariffs on imports from other countries,is called a(n)
A) monetary union.
B) customs union.
C) integrative package.
D) economic community.

Question

Quizplus · Accepted Answer

A customs union is a group of countries that agree to eliminate all tariffs between them and then adopt a common set of tariffs on imports from other countries.

A Group of Countries That Agrees to Eliminate All Tariffs