A Customs Union Is Different from a Free-Trade Area, in That

question 92

Multiple Choice

A customs union is different from a free-trade area, in that:

• A) a free-trade area allows for free movement of factors, whereas a customs union does not.
• B) a free-trade area allows for uniform tariffs, whereas a customs union does not.
• C) a free-trade area removes trade barriers between member countries, whereas a customs union adopts identical tariffs with the rest of the world.
• D) a customs union removes trade barriers between member countries, whereas a free-trade area adopts identical tariffs with the rest of the world.

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Definitions:

Collaboration

The action of working with someone to produce or create something, involving mutual engagement and cooperation.

Holacracy

An organizational structure where power and decision-making are distributed throughout self-organized teams rather than being centralized in a traditional management hierarchy.

Strategize

The action of planning or devising a course of action or policy to achieve a major or overall aim.

Management Teams

Groups of individuals who work together to make decisions and oversee the implementation of those decisions within an organization.