A Customs Union Does Not Create a Free Trade Area

question 76

Multiple Choice

A customs union does not create a free trade area as compared to NAFTA due to:

• A)no common external tariffs.
• B)decreased production costs.
• C)reduced competition.
• D)ease of exporting commodities.
• E)creation of a continental demand.

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Definitions:

Individualism

A social theory or ideology emphasizing the moral worth of the individual and prioritizing personal independence and freedom.

Gender Schemas

Gender schemas are cognitive structures that dictate the understanding and interpretation of gender-related information, influencing how individuals process and embody gender roles.

Asian Cultures

A diverse range of cultures originating from Asia, each with its own unique traditions, customs, beliefs, and social norms.

Westernized Cultures

Cultures around the world that have been influenced by Western values and lifestyle, adopting aspects such as technology, governance, and social norms.