A Trade Agreement That Removes All Import Tariffs Between Member

question 15

Multiple Choice

A trade agreement that removes all import tariffs between member countries, sets up common external tariffs against non-members, but does not advance toward economic integration is called:

• A) an economic union.
• B) a customs union.
• C) a free trade area.
• D) a common market.

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Definitions:

Visceral Organs

Encompasses the organs within the main cavities of the body, especially those within the abdominal cavity, such as the liver, stomach, and intestines.

Malodorous

Having a bad smell; emitting an unpleasant odor.

Pulse Oximetry

A noninvasive method to measure the oxygen saturation level of the blood, usually done with a clip-like device on a finger.

Wound Healing

The biological process by which the skin and tissues repair themselves after injury.