QUESTION 6

1. A Customs Union differs from a Free Trade Area because it permits free trade from nations outside the Custom Union
2. True
3. False

1 points

QUESTION 7

1. A Common Market differs from a Custom Union because it permits all members with the right to do business, sell products & services and make capital investments among each other
2. True
3. False

1 points

QUESTION 8

1. NAFTA is the largest Free Trade Area in the world
2. True
3. False

1 points

QUESTION 9

1. NAFTA has adopted the substantially transformed rule for Certificate of Origin purposes
2. True
3. False

1 points

QUESTION 10

1. If a product is imported to a NAFTA member, it may enter tariff free if there is a tariff rate schedule change in the importing NFATA member
2. True
3. False