Which of the following can be considered a free-trade zone?
A) countries that are members of GATT
B) the European Union
C) all English-speaking nations
D) the industrialized OECD nations

Question

Quizplus · Accepted Answer

The European Union (EU) is considered a free-trade zone because it is a group of countries that have agreed to eliminate tariffs, quotas, and preferences on most (if not all) goods and services traded between them. This allows for the free movement of goods, services, capital, and people within the member states.

Which of the Following Can Be Considered a Free-Trade Zone