What have a group of nations created when they agree to the exchange of goods among themselves by abolishing tariffs and trade restrictions?
A) common market
B) customs union
C) trading block
D) free trade area

Question

Quizplus · Accepted Answer

A free trade area is created when a group of nations agree to eliminate tariffs, quotas, and preferences on most (if not all) goods between them. This allows for the easier exchange of goods among the member countries without the hindrance of trade restrictions.

What Have a Group of Nations Created When They Agree