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An Agreement That Involves Two or More Countries That Agree

Question 52

Multiple Choice

An agreement that involves two or more countries that agree to eliminate tariffs and other trade restrictions on most or all mutual trade of their own goods and services,but each have different tariffs for imports from non-member countries,is called


A) a free trade area.
B) a customs union.
C) a common market.
D) an economic and monetary union.
E) a political union.

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