A free trade area is a trade bloc where ________________
A) countries agree to have a common unified tariff against non-members
B) countries agree to reduce or eliminate tariff barriers on selected goods imported from other member nations
C) countries agree to reduce or eliminate tariff barriers on all goods imported from other member nations
D) all barriers are eliminated to allow free movement of goods, services, capital and labour
Correct Answer:
Verified
Q6: When supply of exports is elastic, a
Q7: Hecksher-Ohlin theory states that the relative factor
Q8: _ is not an objective of commercial
Q9: Tariff rate quotas are _
A)based on the
Q10: Which of the following is not a
Q12: The _ was signed to create the
Q13: ASEAN was formed in _
A)1967
B)1945
C)1999
D)2000
Q14: _ refers to the alliance of multiple
Q15: WTO was set up on _
A)31st july,
Q16: In the past several years, India's net
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