Which of the following is true of the European Free Trade Association (EFTA)?
A)The emphasis of EFTA has been on free trade in agricultural goods.
B)Industrial goods were left out of the trade arrangement,each member being allowed to determine its own level of support.
C)Members cannot determine the level of protection applied to goods coming from outside EFTA.
D)It was founded by those western European countries that initially decided not to be part of the European Community.
E)It imposes a common tariff,of 5 to 20 percent,on products imported from outside.

Question

Quizplus · Accepted Answer

The European Free Trade Association (EFTA) was founded by those western European countries that initially decided not to be part of the European Community. Therefore, option D is the correct choice. Option A is incorrect as the emphasis of EFTA has been on free trade in industrial goods. Option B is incorrect as industrial goods were included in the trade arrangement, and members were expected to remove tariffs on these goods. Option C is incorrect as members can determine the level of protection applied to goods coming from outside EFTA. Option E is incorrect as EFTA does not impose a common tariff on products imported from outside.

Which of the Following Is True of the European Free