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14 May, 21:43

Which feature of a customs union differentiates it from a free trade area? A. Harmonization of members' tax ratesB. A common currencyC. A common external trade policy toward nonmembersD. Ability of factors of production to move freely between members

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  1. 14 May, 22:58
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    Answer: The correct answer is choice c.

    Explanation: The feature that differentiates a customs union from a free trade area is that a customs union requires all members to have a common external trade policy toward non members. Free trade areas are permitted to negotiate different tariffs with different countries, contrary to the operation of a customs unions.
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