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
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
举一反三
- A trade-creating customs union is one where: A: lower-cost imports from outside the customs union are replaced by higher-cost imports from a union member B: trade among members increases but trade with nonmembers decreases C: trade among members decreases while trade with nonmembers increases D: none of the above
- 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 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
- At present, the European Union is __________ . A: a free trade area B: a customs union C: a common market D: an economic union
- Trade on an exchange is restricted to brokers who are members of the exchange.