Regarding Stages of Economic Integration, a Customs Union

question 51

Multiple Choice

Regarding stages of economic integration, a customs union

• A) goes beyond a free trade area by including a common external tariff.
• B) falls short of a free trade area by excluding a common external tariff.
• C) goes beyond a common market by including a common transportation policy.
• D) goes beyond a common market by including a common agricultural policy.

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Definitions:

Shared Rules

guidelines established and agreed upon by a group to ensure cooperative and harmonious interaction.

Cultural Group

A collection of people who share common cultural characteristics, such as language, traditions, and values.

Religions

Organized systems of beliefs, ceremonies, and rules used to worship a god or a group of gods.

Languages

Systems of communication used by a particular country or community, consisting of spoken, written, or signed words and the rules for their use.