The main difference between a free-trade area and a customs union is that the members of a free-trade area agree to treat trade with all nonmember nations in a similar manner.
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Q13: Integration involving political cooperation typically intensifies the
Q14: A common market requires that member nations
Q18: A common market integrates elements of free-trade
Q19: Canada and the United States are examples
Q20: The diversion of trade away from nations
Q22: The least amount of sovereignty that must
Q23: A group of nations in a geographic
Q35: A common market area is the greatest
Q37: The increase in the level of trade
Q42: A benefit of regional economic integration is
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