A freetrade area is:
A)a group of countries that agrees there will be "no rules" about trade-anything goes.
B)a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among
Them.
C)a group of countries that agrees to eliminate barriers to trade between themselves while keeping tariffs in place against the rest
Of the world.
D)a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.

Question

A free­trade area is:
A)a group of countries that agrees there will be "no rules" about trade-anything goes.
B)a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among
Them.
C)a group of countries that agrees to eliminate barriers to trade between themselves while keeping tariffs in place against the rest
Of the world.
D)a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.

Quizplus · Accepted Answer

A free-trade area is a group of countries that agree to eliminate barriers to trade between themselves while keeping tariffs in place against the rest of the world. This means that member countries can trade with each other freely, without restrictions or additional fees, but they can still impose tariffs on goods coming from non-member countries.

A Free­trade Area Is

A Freetrade Area Is