A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.
A) free trade area
B) common market
C) customs union
D) complete economic integration
Correct Answer:
Verified
Q1: _ is an important reason for economic
Q2: Neighboring countries tend to collaborate for all
Q3: Geographic proximity is an important reason for
Q4: Which of the following types of regional
Q5: In which of the following types of
Q7: In _, countries focus on eliminating internal
Q8: _ occurs when production shifts to more
Q9: Which of the following was developed with
Q10: _ occurs when trade shifts to countries
Q11: NAFTA calls for all of the following
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