A Customs Union Is

question 169

Multiple Choice

A customs union is:

• A) a group of countries that agrees there will be "no rules" about trade-anything goes.
• B) a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among them.
• C) a group of countries agreeing to eliminate barriers to trade among themselves but keeping tariffs in place against the rest of the world.
• D) a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.

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Definitions:

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