The form of economic cooperation that calls for 1)eliminating internal barriers to trade and 2)establishing common external barriers is known as a(n)________.

Question

Quizplus · Accepted Answer

Customs union is the only option that specifically mentions establishing common external barriers, while also eliminating internal barriers to trade. Free trade area and common market both eliminate internal barriers to trade, but do not necessarily establish common external barriers. Economic union goes beyond just trade cooperation and involves significant coordination of economic policies among member countries. Duplicate answer D (free trade area) can be eliminated.

The Form of Economic Cooperation That Calls for 1)eliminating Internal