What form of economic integration involves collaboration among trading countries in which members dismantle trade barriers among members and also establish a common trade policy with respect to nonmembers?
A)Free-trade area
B)Customs union
C)Common market
D)Economic union
E)Political union

Question

Quizplus · Accepted Answer

A customs union involves member countries removing trade barriers among themselves and adopting a unified external trade policy.

What Form of Economic Integration Involves Collaboration Among Trading Countries