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Three Countries Agree to Remove Barriers to Trade Between Member

Question 39

Multiple Choice

Three countries agree to remove barriers to trade between member countries and adopt a common external trade policy toward nonmembers. They also agree to allow people and other factors of production to move freely across their borders. Which level of economic integration is this an example of?


A) Bonded market
B) Customs union
C) Free trade area
D) Common market

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