In a free trade area,each country can maintain whatever policy it sees fit against nonmember countries.

Name: In a free trade area,each country can maintain whatever policy it sees fit against nonmember countries.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

In a free trade area, member countries eliminate or significantly reduce trade barriers such as tariffs and quotas between themselves. However, they can still set their own trade policies against nonmember countries, including imposing tariffs or other barriers.

In a Free Trade Area,each Country Can Maintain Whatever Policy