Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A customs union is different from a free-trade area, in that: a) a free-trade area allows for free movement of factors, whereas a customs union
A customs union is different from a free-trade area, in that:
a) a free-trade area allows for free movement of factors, whereas a customs union does not.
b)a free-trade area allows for uniform tariffs, whereas a customs union does not
c) a free-trade area removes trade barriers between member countries, whereas a customs union adopts identical tariffs with the rest of the world.
d) a customs union removes trade barriers between member countries, whereas a free-trade area adopts identical tariffs with the rest of the world.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started