11- custom unions.. Please select one; a) whereby partners abolish tarrifs on mutual trade, but each partner determines its own tariff on trade with non-partner countries b) involve ultra union free trade but also a common external tariff on all members trade with non members c) which are similar to trade unions but only involve international trade d) are customs unions with additional provisions to encourage trade and integration through the free mobility of factors of production and the harmanization of trading standards and practises e) whereby countries agree to charge reduced tariffs on certain trade

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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11- custom unions.
Please select one;
a) whereby partners abolish tarrifs on mutual trade, but each partner determines its own tariff on
trade with non-partner countries
b) involve ultra union free trade but also a common external tariff on all members trade with non
members
www m
c) which are similar to trade unions but only involve international trade
d) are customs unions with additional provisions to encourage trade and integration through the free
mobility of factors of production and the harmanization of trading standards and practises
e) whereby countries agree to charge reduced tariffs on certain trade
Transcribed Image Text:11- custom unions. Please select one; a) whereby partners abolish tarrifs on mutual trade, but each partner determines its own tariff on trade with non-partner countries b) involve ultra union free trade but also a common external tariff on all members trade with non members www m c) which are similar to trade unions but only involve international trade d) are customs unions with additional provisions to encourage trade and integration through the free mobility of factors of production and the harmanization of trading standards and practises e) whereby countries agree to charge reduced tariffs on certain trade
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