Which Feature of a Customs Union Differentiates It from a Free

question 11

Multiple Choice

Which feature of a customs union differentiates it from a free trade area?

• A) Harmonization of members' tax rates
• B) A common currency
• C) A common external trade policy toward nonmembers
• D) Ability of factors of production to move freely between members

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Definitions:

Cohort

A group of people born at about the same time.

Normative History-Graded

Influences that are common to a particular generation or cohort as a result of living in the same period of history.

Contraceptive Pill

A medication used to prevent pregnancy, typically containing hormones that inhibit ovulation.

Worldwide Economic Depression

A prolonged period of extreme economic downturn across multiple countries, characterized by high unemployment, low production, and financial instability.