Multiple Choice
A free-trade area is:
A) a group of countries that agrees there will be "no rules" about trade-anything goes.
B) a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among them.
C) a group of countries that agrees to eliminate barriers to trade between themselves while keeping their separate tariffs in place against the rest of the world.
D) a group of countries that eliminates trade barriers among themselves and establishes common tariffs against all other nations.
Correct Answer:
Verified
Correct Answer:
Verified
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