Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

Trade relations between two countries have passed through four stages. During which stage was a customs union set up?

  • AThe countries removed tariffs on selected goods from each other.
  • BThe countries removed tariffs on all goods from each other.
  • CThe countries set up a common external tariff towards other countries.
  • DThe countries introduced a single currency for use by both countries.

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