What type of multinational organization features the no tariff exchange of goods among its members and a uniform tariff for trade with nonmember nations?
A) common market
B) administration common
C) customs union
D) free trade area

Question

Quizplus · Accepted Answer

A customs union involves the elimination of tariff barriers between member countries and the adoption of a common external tariff on all goods entering the union from non-member countries. This allows for the free movement of goods within the union while maintaining a unified trade policy towards non-member nations.

What Type of Multinational Organization Features the No Tariff Exchange