Which of the Following Best Describes an Economic Consultative Association

Multiple Choice

Which of the following best describes an economic consultative association?

A) It is a group of states that have reduced or eliminated trade barriers among themselves but maintain their individual tariffs in dealing with other states.
B) It is a group of states that exchanges information, coordinates economic policy, and promotes trade cooperation.
C) It is a business firm operating branches, subsidiaries, or joint ventures in two or more states.
D) It is a group of states that have reduced or eliminated trade barriers among themselves and have established a common external tariff.