Which of the following is the lowest level of regional 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 level of regional integration. In a free trade area, member states eliminate tariffs, quotas, and other trade barriers on goods and services between them, but each member state maintains its own trade policy with non-member countries. This means that there is no common external tariff or trade policy among member states, unlike in higher levels of regional integration such as a customs union, common market, or political union.

Which of the Following Is the Lowest Level of Regional