• 2022-05-31
    Member countries in a free trade area have a common international trade policy with countries outside the bloc.
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      Intra-industry trade is most common in the trade patterns of() A: developing countries of Asia and Africa. B: industrial countries of Western Europe. C: all countries. D: North-South trade.

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      international trade is growing even faster and involving even more countries()

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      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

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      9. Through international trade, countries ___________ goods they produce most efficiently for goods other countries produce most efficiently.

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      In international trade, different countries should adopt the same system to describe price.