Which of the following is not a characteristic of a Free Trade Area (FTA) ?
A) All members of the trade bloc apply the exact same tariff rates against outside countries.
B) All members of the trade bloc eliminate tariffs against other members.
C) There are no quotas on imports from other trade bloc members.
D) All trade bloc members decide on their own tariff rates on imports from outside the trade bloc.
Correct Answer:
Verified
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