Regional Trading Arrangements Mcqs

Q.  Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

a. free-trade area
b. customs union
c. common market
d. monetary union


ANSWER: See Answer
 
No explanation is available for this question!
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