Which of the Following Is Not a Characteristic of Countries

question 147

Multiple Choice

Which of the following is not a characteristic of countries in a free trade area?

• A) Trade is tariff free among members.
• B) Members have the same tariff structure as the rest of the world.
• C) Members do not permit the free movement of labor across their borders.
• D) Members do not have a common monetary policy.

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Definitions:

Carrying Amount

The value at which an asset or liability is recorded on the balance sheet, accounting for depreciation, impairments, and amortization.