A Group of Countries That Agrees Just to Eliminate All

question 35

Multiple Choice

A group of countries that agrees just to eliminate all tariffs between them,is called a

• A) customs union.
• B) free trade area.
• C) common market.
• D) monetary union.

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Definitions:

Section 5

A provision of the Federal Trade Commission Act that prohibits unfair or deceptive acts in commerce.

1933 Act

The Securities Act of 1933, a U.S. federal law regulating the securities industry, focusing on the offer and sale of securities, emphasizing transparency and fairness.

Illegal Offer

A proposal to enter into an agreement that is against the law and therefore unenforceable.

Rescission

The legal act of canceling, revoking, or terminating a contract, returning all parties to their original positions prior to the contract.