A Group of Countries That Agrees to Eliminate All Tariffs

question 1

Multiple Choice

A group of countries that agrees to eliminate all tariffs between them and then adopt a common set of tariffs on imports from other countries,is called a(n)

• A) monetary union.
• B) customs union.
• C) integrative package.
• D) economic community.

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Definitions:

Response to Loss

The reactions or actions taken by an individual, group, or organization after experiencing a defeat or failure.

Lawyer Role

The professional responsibilities and duties of a lawyer, including representing clients in legal matters, providing legal advice, and upholding the law.

Creative Best

The highest level of creativity and innovation an individual or group can achieve.

Creative Self-efficacy

An individual's belief in their own ability to produce new and useful ideas.