A free trade agreement plus a common set of tariffs toward non-members is called

A) a common market.
B) a customs union.
C) a free trade area.
D) an economic union.
E) a partial trade agreement.

B

Economics

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The quantity demanded of a good is:

A) the amount of a good that sellers are willing to supply at a given market price. B) determined independent of the market price. C) always determined by government intervention. D) the amount of a good that buyers are willing to purchase at a given market price.

Economics

Scarcity exists for those with a. lower incomes

b. average incomes. c. higher incomes. d. all of the above.

Economics