A common market
A: Allows the imposition of common external trade barriers against non-members
B: Represents less economic integration than a free trade area
C: Does not permit free movement of goods among member nations
D: Dose not allow free movement of factors of production among nations
A: Allows the imposition of common external trade barriers against non-members
B: Represents less economic integration than a free trade area
C: Does not permit free movement of goods among member nations
D: Dose not allow free movement of factors of production among nations
举一反三
- What is the difference between Free Trade Area and Customs Union? A: Free trade among members. B: FTA asks all the members to negotiate for a common external trade policy. C: External trade policy towards non-member countries. D: FTA is more popular than Customs Union.
- A trade-diverting customs union: ( ) A: increases trade among union members and with nonmember nations B: reduces trade among union members and with nonmember nations C: increases trade among members but reduces trade with non-members D: reduces trade among union members but increases it with nonmembers
- At present, the European Union is __________ . A: a free trade area B: a customs union C: a common market D: an economic union
- Member countries in a free trade area have a common international trade policy with countries outside the bloc.
- 1. The European Union is best described as a _______________ . A: free trade area B: customs union C: common market D: economic union