Ask Question
24 August, 11:59

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

+2
Answers (1)
  1. 24 August, 13:25
    0
    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.
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? A. Harmonization of members' tax ratesB. A common currencyC. A ...” 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