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

Question

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] · Answer 1 · 2022-03-05T02:42:01+03:00

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] · Answer 2 · 2022-03-05T00:55:58+03:00

Lorico [155]3 years ago

7 0

Answer:

b. customs union

Explanation: