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Q. |
Which of the following statements is correct? |
A. | In a customs union, member nations apply a uniform external tariff |
B. | in a free-trade area, member nations harmonize their monetary and fiscal policies |
C. | within a customs union there is unrestricted factor movement |
D. | a customs union is a higher form of economic integration than a common market |
Answer» C. within a customs union there is unrestricted factor movement |
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