Which of the following features does a free trade area necessarily have?
A)Absence of any trade barriers among the member nations
B)Equal tariffs rates
C)Free movement of factors of production across the member nations
D)Harmonization of all economic policies

Question

Quizplus · Accepted Answer

A free trade area necessarily has the absence of any trade barriers among the member nations. There is no requirement for equal tariff rates, free movement of factors of production, or harmonization of economic policies.

Which of the Following Features Does a Free Trade Area