An combines the elimination of internal trade barriers among member countries

An combines the elimination of internal trade

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22) A(n) ________ combines the elimination of internal trade barriers among member countries with the adoption of common external trade policies toward nonmembers.A) free trade areaB) customs unionC) common marketD) economic unionAnswer: BDiff: 1Skill: ConceptObjective: 2Learning Outcome: Discuss arguments for and against regional economic integration23) In a(n) ________, members eliminate internal trade barriers, adopt a common external policytoward nonmembers, and eliminate barriers to the movement of the factors of production.6
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24) The integration of the 13 separate colonies operating under separate Articles of Confederation into a new country, the United States of America, is an example of ________.25) Country X and Country Z have established a complete political and economic integration. The countries are most likely engaged in a(n) ________.26) A free trade area ________.A) is complete political and economic integration of two or more countriesB) eliminates trade barriers among member countriesC) allows workers to move freely among trade nationsD) avoids problems stemming from trade deflectionsAnswer: BDiff: 2Skill: ConceptObjective: 227) A customs union ________.7
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