Which of the following is the lowest extent of regional economic integration?
A)free trade area
B)political union
C)common market
D)customs union

Question

Quizplus · Accepted Answer

A free trade area is the lowest extent of regional economic integration, where member countries remove tariff and non-tariff barriers to trade among themselves but maintain their own external trade policies towards non-members. It does not involve any common policies or shared institutions beyond trade liberalization.

Which of the Following Is the Lowest Extent of Regional