In a free trade area, barriers to the trade of goods and services among member nations are removed. This allows for easier movement of goods and services across borders and increases trade among nations. Other aspects such as currency, political and foreign policies, labor policies, and external trade policies may vary among member nations.

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In a Free Trade Area

Question 10

Multiple Choice

In a free trade area

A) barriers to the trade of goods and services among member nations are removed.
B) a common currency is adopted.
C) a single Parliament determines political and foreign policy.
D) a common external trade policy is adopted.
E) a common labour policy is followed.

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