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Up4
Which of the following forms of trading blocs allow for unrestricted trade of goods and services among its members?
I. Free trade areas
II. Customs unions
III. Common market- I and II
- II and III
- I, II, and III
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Up2
Looking forward to the explanation on this one!
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Up2
All
three of these allow for free, unrestricted access of trading goods
and services. Of the above, the baseline is a free trade area. A customs union
is a free trade area with common policies amongst trading with nonmembers. A
common market is a customs union which also allows for free trading of
intermediary (rather than final) goods. -
Up1
Whoo! I got it right. 🙂
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