Ask Question
14 May, 11:46

Which feature of a customs union differentiates it from a free trade area?

+4
Answers (1)
  1. 14 May, 12:01
    0
    Answer: The correct answer is that a free trade area does not have a common external tariff, while a customs union does.

    Explanation: A customs union is a free trade area, but with a common external tariff. This means that there is a set rate for tariffs when member countries are trading with other member countries. A free trade area does not have a set tariff, so it can change and be a different rate for different countries.

    -.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which feature of a customs union differentiates it from a free trade area? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers