Which of the Following Was a Customs Union Before Becoming

question 33

Multiple Choice

Which of the following was a customs union before becoming a common market?

• A) NAFTA
• B) DR-CAFTA
• C) Israel-Mexico Free Trade Agreement
• D) The European Union
• E) South Asian Free Trade Area

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Definitions:

One-tailed Hypothesis Test

A specific type of statistical test that looks for evidence of an effect in one direction.

P-value

The probability of getting results from tests that are at least as exceptional as the outcomes truly noted, assuming the null hypothesis is factual.

Z Statistic

A type of standard score that represents the number of standard deviations a data point is from the mean of a distribution.

Normal Distribution

A bell-shaped frequency distribution curve that is symmetric about the mean and described by its mean and standard deviation.