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
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
举一反三
- 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
- 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.
- At present, the European Union is __________ . A: a free trade area B: a customs union C: a common market D: an economic union
- 1. The European Union is best described as a _______________ . A: free trade area B: customs union C: common market D: economic union
- 中国大学MOOC: What is the difference between Free Trade Area and Customs Union?