Which statement is correct?
A) Both customs unions and free-trade areas have a common external tariff.
B) A free-trade area has a common external tariff and a custom union does not.
C) Neither free-trade areas nor customs unions have a common external tariff.
D) A customs union has a common external tariff but a free-trade area does not.
E) Preferential trade agreements cover trade in services.
Correct Answer:
Verified
Q5: In order for a preferential trade agreement
Q6: GATT/WTO regulations state that in order for
Q7: Which of the following is not a
Q8: The least integrated category of economic integration
Q9: A significant feature of a customs union
Q11: To solve the problems associated with trade
Q12: What is the major difference between a
Q13: Which of the following is not one
Q14: Which of the following is not a
Q15: To create an economic union, countries must
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