Multiple Choice
If good X from country C faces a 10 percent tariff in country A and a 20 percent tariff in country B, but if A and B have free trade between each other, then A and B are part of which one (and only one) of the following types of groupings?
A) free-trade area
B) customs union
C) common market
D) economic union
Correct Answer:
Verified
Correct Answer:
Verified
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