Solved

If Two Countries Remove All Tariffs on Each Other's Products

Question 10

Multiple Choice

If two countries remove all tariffs on each other's products and establish a common set of tariffs against the rest of the world, but take no further steps toward economic integration, these two countries have formed


A) a free-trade area.
B) a customs union.
C) a common market.
D) an economic union.

Correct Answer:

verifed

Verified

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

Related Questions