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Author Question: A group of countries which have common external tariffs and free movement of labour and capital is called a (Read 75 times)

saliriagwu

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Question 1

Which of the following is unlikely to be an advantage gained from joining a customs union?
◦ Better terms of trade for the country
◦ Internal economies of scale
◦ Lower costs of administering macroeconomic policy
◦ External economies of scale

Question 2

A group of countries which have common external tariffs and free movement of labour and capital is called a
◦ common market.
◦ customs union.
◦ preferential trading arrangement.
◦ free trade area.


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Marked as best answer by saliriagwu on May 25, 2020

T4T

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saliriagwu

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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