The Gulf Cooperation Council is an example of a customs union because:
A)the union frames the economic policies of the member countries individually.
B)there are no restrictions on the movement of labor and capital between member countries.
C)member countries agree to treat trade with nonmember countries in a similar manner.
D)member countries are free to independently determine trade policies with nonmember nations.
E)member countries adopt common economic policies.

Question

Quizplus · Accepted Answer

A customs union involves member countries agreeing to a common external tariff and trade policy towards nonmember countries, which is reflected in option C.

The Gulf Cooperation Council Is an Example of a Customs