Which of the Following Statements Is Correct

question 2

Multiple Choice

Which of the following statements is correct?

• A)In a customs union,member nations apply a uniform external tariff
• B)in a free-trade area,member nations harmonize their monetary and fiscal policies
• C)within a customs union there is unrestricted factor movement
• D)a customs union is a higher form of economic integration than a common market

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Definitions:

One Child

Relates to families with only one offspring, which can affect the child's development, family dynamics, and parenting strategies.

China

A country in East Asia, known for its vast population, rich cultural heritage, and significant historical and economic influence on the global stage.

Friends

Socially significant others with whom an individual shares mutual affection and personal ties, playing a crucial role in psychological well-being.

Psychological Traits

Characteristics of personality that are stable over time and across situations, influencing behavior and responses to the environment.