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Management · Q190

Foreign Trade Policy

Graduate and Post Graduate · Management · question 190

Q190

In the context of regional economic integration, which of the following equations is not correct?

A.
Customs union = Free trade area + Common external tariff
B.
Economic integration = Common market + Fixed exchange rate + Macro economic coordination
C.
Common market = Customs union + NTBs + Factor mobility
Answer
D.
Free trade area = Customs union - Common external tariff

Answer: Option C

Solution

Answer: Option C
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