A ________ Agreement Eliminates All Tariffs and Other Restrictions on Internal

question 31

Multiple Choice

A ________ agreement eliminates all tariffs and other restrictions on internal trade, adopts a set of common external tariffs, and removes all restrictions on the free flow of capital and labor among member nations.

• A) preferential trade agreement
• B) common market
• C) regional cooperation for development
• D) customs union
• E) free trade area

---

Definitions:

Planning Budget

A budget prepared for a planned level of activity, often for the purpose of setting goals or objectives for revenue and expenses over a period of time.

Wages And Salaries

Payments made to employees for their labor, either on an hourly (wages) or periodic basis (salaries).

Planning Budget

A financial plan that estimates future income, expenses, and resources over a specific period, often used for guiding business decisions.

Tenant-Days

A measure used in real estate to quantify the aggregate number of days units are occupied by tenants over a specified period.