Which of the following is defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other,but pursuing independent external trade policies?
A)free trade area
B)command economy
C)efficient market
D)foreign exchange market
E)location economy

Question

Quizplus · Accepted Answer

A free trade area is defined as a group of countries that agree to remove all trade barriers between themselves, but retain their own external trade policies towards other countries. This allows for free trade within the area but each country can set its own trade policies outside of the agreement.

Which of the Following Is Defined as a Group of Countries