menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 29: International Trade
  5. Question
    An Area That Has No Trade Barriers Between the Countries
Solved

An Area That Has No Trade Barriers Between the Countries

Question 161

Question 161

Multiple Choice

An area that has no trade barriers between the countries in the area is called a


A) customs union.
B) free trade area.
C) duty-free area.
D) tariff-free area.
E) quota-free area.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q156: Why has international trade grown more rapidly

Q157: Exhibit 29-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 29-2

Q158: The principle of comparative advantage implies that

Q159: Which of the following statements about trade

Q160: Explain the connection between opportunity costs of

Q162: If country A has a lower opportunity

Q163: Consider an industry in which, for each

Q164: Production that uses a relatively low level

Q165: The effect the Smoot-Hawley tariff had on

Q166: Exhibit 29-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 29-1

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines