Trade blocs such as the EU usually have:
A) a common external tariff to treat developing countries' exports equitably.
B) a common external quota to treat developing countries' exports equitably.
C) a combination of common external quotas and tariffs to treat developing countries' exports equitably.
D) a high level of cross-border competition.

Question

Quizplus · Accepted Answer

Trade blocs like the EU often implement policies to enhance internal competition among member states, leading to a high level of cross-border competition. This is a key feature of such blocs, aiming to create a single market with free movement of goods, services, capital, and labor.

Trade Blocs Such as the EU Usually Have