Which of the following types of regional economic integration focuses only on eliminating internal tariffs?

Related MCQs

• A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.
• In which of the following types of regional economic integration are internal tariffs eliminated with member countries levying a common external tariff on goods being
• In _______________, countries focus on eliminating internal tariffs among member countries, have a common external trading policy among nonmembers, allow free mobility of productions factors within member countries, and adopt common economic policies.
• _______________ is an important reason for economic integration.
• Geographic proximity is an important reason for economic integration because consumer tastes are likely to be:
• Which of the following is true: A. Development of sufficient and quality infrastructure helps in economic development by facilitating production and investment in any economy. B. shortage of these facilities in underdeveloped countries is the main cause of less economic development
• Which programme was launched in 2006 with objective of correcting regional imbalances in provision of healthcare?
• _______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration.
• Which of the following is true: A Economic infrastructure means those basic facilities B. services which directly benefit the process of production and distribution of an economy
• Which of the following explains the term economic growth?