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kondor19780726 [428]
3 years ago
9

If the United States and Canada abolish all tariffs on each other's goods and implement a common tariff on goods imported from o

ther countries, there occurs a (an) a. free trade area. b. customs union. c. economic union. d. common market
Business
2 answers:
Vadim26 [7]3 years ago
8 0

Answer:

The correct answer is letter "B": customs union.

Explanation:

Customs unions are agreements between countries to trade at the same tariffs rates imposing levies at the same level for other countries. Customs unions are the combination of free-trade zones adding a common tariff system. This form of integration system borns as a result of the need for tearing down economic barriers that block commerce for elementary goods between nations.

Lorico [155]3 years ago
7 0

Answer:

b. customs union

Explanation:

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