Suppose five countries in Central America agree that products are to be freely traded across their borders, they will share a common set of import duties, and that the flow of people will continue to be restricted. This is an example of a

Question

Quizplus · Accepted Answer

A customs union involves free trade between member countries and a common external tariff on imports from non-member countries, but does not allow for the free movement of people.

Suppose Five Countries in Central America Agree That Products Are