A Customs Union Is an Organization of Nations Whose Members

question 3

Multiple Choice

A customs union is an organization of nations whose members:

• A)have impenetrable trade barriers among themselves but impose no trade barriers on nonmembers.
• B)have no trade barriers among themselves but impose common trade barriers on nonmembers.
• C)have no trade barriers among themselves but each member country chooses its own trade policies toward nonmember countries.
• D)retaliate each other by raising reciprocal tariffs.
• E)neither have trade barriers among themselves nor impose any restriction on the nonmember countries.

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Short Report

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