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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Definitions:

Standing By

The act of remaining ready or available to act or offer help while waiting for further instruction or developments.

Legal Principle

A foundational concept or established rule of law that guides judicial decisions and legal reasoning.

Lower Courts

Courts that have jurisdiction to hear cases of less significance or that are the first level of the court system, also known as inferior courts.

Higher Courts

Judicial bodies at the upper levels of a legal system, which have the authority to hear appeals from lower court decisions.