In a Customs Union, Members Remove All Trade Barriers Among

question 52

True/False

In a customs union, members remove all trade barriers among themselves and adopt a common set of external barriers.

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Definitions:

State Of Nature

A concept in political philosophy regarding the hypothetical conditions of human beings before or without political association.

Social Contract

A theory or model that explains the legitimacy of the authority of the state over the individual.

Neoliberalism

An economic and political ideology favoring free-market capitalism, deregulation, and reduction in government spending on social services.

Social Decisions

Decisions made within a group or society that affect the welfare of the community and involve considerations beyond individual gain.