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Author Question: An agreement among a group of countries to eliminate trade barriers among themselves, to present a ... (Read 52 times)

poopoo

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Question 1

An agreement among a group of countries that allows for tariff-free trade among the members but leaves each member free to levy its own tariffs on imports from other countries is called a
◦ common market.
◦ confederation.
◦ free-trade area.
◦ customs union.
◦ reciprocity association.

Question 2

An agreement among a group of countries to eliminate trade barriers among themselves, to present a common trading front to the rest of the world in terms of common tariffs, but which does not permit free movement of factors of production among member countries, is called a
◦ free-trade area.
◦ confederation.
◦ common market.
◦ customs union.
◦ reciprocity association.


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Marked as best answer by poopoo on Oct 12, 2022

jojomac20

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poopoo

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Reply 2 on: Oct 12, 2022
Wow, this really help


samiel-sayed

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Reply 3 on: Yesterday
:D TYSM

 

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